– How to Unbid on eBay –
eBay is known for being one of the top buying and selling platforms on the internet. eBay mostly discouraged the practice of retracting a bid,
Tips to Retract Buyer’s Bid on eBay
But sellers and buyers who have changed their minds and meet eBay’s requirements can retract a bid on eBay.
How to Unbid on eBay: Buyers
When you place a bid on eBay, you are committing to buy that item. This means that you cannot easily unbid on eBay.
You can retract your bid on eBay, however, if you meet certain criteria. You are able to retract a bid if the seller has changed the description of the item significantly.
For example, if the seller is selling an item described as new but then the seller changes the description to use, this would make up a significant change.
It is also possible to unbid if you accidentally bid the wrong amount or if you can’t reach the seller after the auction.
You may also retract all bids if there are 12 hours or more left before the listing ends. If there are less than 12 hours before the listing ends, then you can retract your most recent bid if it has been under one hour since you placed it.
You may also retract a bid by contacting the seller directly on eBay and explaining why you want to cancel it.
If you meet eBay’s requirements, the process for how to cancel a bid on eBay is quite simple.
Go to eBay and then click “Help,” followed by “Buying,” followed by “Retracting a Bid” and then click “Get Started.” Select the item that you want to retract your bid from and select a reason you no longer want the item.
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Retract Buyer’s Bid on eBay
Sellers can retract a bid on eBay, but only in certain circumstances. You should not cancel a bid as a seller unless it is necessary.
It is acceptable to cancel a buyer’s bid if they have asked you to cancel their bid. It is also fine to cancel a bid if you have changed your mind about selling the item.
You can retract a bid if your listing contains an error or if you feel that the buyer is not legitimate.
Cancel the bid by going to the “Help” section on eBay, followed by “Selling” and then “Canceling bids and managing bidders.”
Click the “Cancel a Bid” button and then click “Get Started.” Click the item that you would like to retract a bid on and then select an appropriate reason you are retracting the bid.
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Consequences of Retracting Bids
Whether you are a seller or a buyer, it is important to be careful about how often you retract bids. Canceling bids too frequently may result in negative consequences.
For instance, if you cancel too many bids as a seller, your seller account may become limited or suspended.
Buyers who retract too many bids may have their account suspended either temporarily or permanently.
It is best to avoid canceling bids as much as possible to avoid these negative consequences.
When you Can Retract a Bid
You can retract a bid if:
- The seller significantly changed the description of the item. First, if the seller changes the description of the product got changed, then you can eventually retract a bid. It is often that the seller at first wrote the product as new and after a couple of times change it to “used”. In this case, you can unbid the product.
- You accidentally bid the wrong amount. For example, you meant to bid $20, not $200. In this case, enter the price you intended to bid as soon as you’ve retracted the incorrect bid.
- You can’t reach the seller. For example, you sent the seller an email, and it comes back undeliverable, or you tried calling the seller and the phone number doesn’t work.
As well as the above, timing is also important when retracting a bid:
- If there are 12 hours or more left before the listing ends, they can retract all of your bids
- If the listing is ending in less than 12 hours, you can retract your most recent bid if it’s been less than an hour since you placed it
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