If you’re a buyer or seller on eBay, you may wonder how to cancel a bid. When you sell, you must be careful because transactions are legally binding. Make sure you’re bidding on the right product and offering the right price when bidding. Generally, the process is smooth and painless, but sometimes things don’t go as planned. You can retract or cancel your bid at this point.
Sellers cancel bids as part of their eBay transactions. You retract your bid if you’re a buyer. They are essentially the same thing, but if you read eBay’s Terms and Conditions, they are very different.
Canceling Bids on eBay as a Seller
In addition to the reasons listed above, sellers may also cancel bids for the following reasons:
- You are requested to cancel the bid by the buyer
- It is no longer fit for sale or is no longer available
- There was an error in your listing
- There is a concern about the buyer
It doesn’t matter what the reason is for canceling a bid as a seller, eBay discourages canceling for obvious reasons, so you will only be able to cancel a bid for specific reasons.
To cancel a bid, follow these steps:
- You can cancel a bid by logging into eBay and visiting the seller’s bid cancellation page.
- The top box should contain the item number, the middle box should contain the buyer’s username, and the bottom box should contain the reason for cancellation. Once you have completed your bid, click cancel.
In your listing, you should specify any requirements you have for bidders, such as limiting low feedback or satisfaction scores. If you have a feedback score of less than 20, you can require them to contact you first or bar them entirely. If you have criteria for buyers, adding them to your listing can prevent the need to cancel bids.
You can also block bidders from buying from you in addition to cancelling bids.
Blocking Bidders from Your Auctions
Block persistent non-payers who keep bidding on your listings and causing auctions to fail. When someone is trying to cause trouble or lower your feedback score, this is a legitimate tool within eBay.
- For sellers, you can block eBay bidders by logging into eBay.
- In the box, type the username of the person you want to block. To save, click Submit. Delete the username from the list to unblock it.
Your blocked list can contain up to 5,000 different user IDs. When you face competitors who play dirty or when someone just wants to mess around with you and cause trouble, this tool can be extremely useful.
Retracting a Bid on eBay as a Buyer
A buyer retracts a bid when he cancels it. In order to ensure a fluid selling process, eBay discourages retractions as much as possible. It is sometimes necessary to genuinely step back from a transaction, and there is a mechanism for that.
You can retract a bid only if you meet the following criteria:
- The seller changes the product description significantly or materially
- You accidentally bid more than you intended
- Failure to respond to communications from the seller
It’s only possible to retract your last bid if it’s been less than one hour since you placed it if the auction has less than 12 hours left. In the event you miss your chance to cancel, you’ll have to contact the seller directly to ask them to cancel the bid.
You can retract your bid on eBay by visiting the buyer’s bid cancellation page, clicking the blue Get started button, selecting the bid you wish to cancel, typing your reason, and clicking Retract.
eBay will withdraw your bid if you meet its bid cancellation rules and criteria. eBay will refuse to retract your listing if you do not meet the criteria. In the event that your cancellation is denied, you should contact the seller directly to see if they will remove your bid. Be sure to apologize and explain the situation. Most sellers will agree to cancel your bid if you have a genuine reason.
In conclusion, eBay offers various methods for canceling bids on the site, whether as a seller or a buyer. Sellers can cancel bids through the “Bidder Preferences” page, while buyers can cancel bids from their account settings. Regardless of how you choose to cancel a bid, be sure to carefully consider your motives before making a decision – eBay is an important part of many transactions, so don’t ruin it by making an ill-advised purchase.