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Invalid Bid Retraction
A bid is a binding contract. All bids are active until the auction listing ends. If you win a listing, you’re obligated to complete the transaction. Except under special circumstances, bid retraction is not permitted. Furthermore, misuse of the bid retraction option to manipulate the bidding process is not permitted. This includes any manipulation of the bidding process to discover the maximum bid of the current winning bidder.
Violations of this policy may result in a range of actions, including:
Mary is bidding on a rare collectable. She bids on the item and with each bid, discovers that someone with a higher proxy bid wins the item. Frustrated with bidding, she purposefully bids more than she would ever be willing to pay to uncover the winning buyer’s proxy bid and then retracts her bid afterwards.
Sarah wants an MP3 player. She places bids on many identical MP3s and then retracts bids on all listings except the one she thinks she’ll win as the final 12 hours approach.
Special circumstance where bid retraction that may be permissible: Jack bids on a laptop, but accidentally adds a zero to his bid amount.
To report a trading offence:
Inappropriate or excessive bid retraction harms the marketplace. It is unfair to buyers who are placing legitimate bids and it can harm sellers by driving away legitimate bidders. Bid retraction undermines trust in the marketplace, since a bid is a binding contract between the seller and the buyer. Please bid responsibly.
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