Since eBay doesn't do enough to get rid of buyers with multiple retractions, it's up to the sellers to take action.
If a buyer retracts a bid at one of my auctions and does not rebid, I block them immediately. If the retraction happens on the last day of the auction, I will call eBay and give them the buyer's userid. I was told to call in every time some one retracts without rebidding.
So, if other sellers would do the same thing, eventually we would get rid of some of these buyers.
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