In Ebay's site preference's there are seller preferences that will automatically block buyers based off your preferences. I am surprised that number of bid retractions isn't one of the options.
Here are the current options:
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Buyers without a PayPal account
Block buyers who don't have a PayPal account. (Note: This block only applies to future listings and can be disabled per item on the Sell Your Item form.)
This requirement can help you avoid Unpaid Items, as PayPal account holders have up to an 80% lower Unpaid Item rate.
Buyers with Unpaid Item strikes
Block bidders and buyers who have received (OPTION OF 2-5) Unpaid Item strike(s) within (OPTIONS OF 1, 6, OR 12) month(s)
This requirement can help you avoid bidders and buyers with a history of not paying for the items they have agreed to purchase.
Buyers in locations to which I don't ship
Block buyers whose primary shipping address is in a location I don't ship to.
This requirement can help you avoid buyers who agree to purchase your items without realizing you don't ship to their location.
Buyers with policy violation reports
Block buyers who have (OPTION OF 4-7) Policy violation report(s) within (OPTION OF 1 OR 6) month(s)
This requirement can help you block buyers who have been reported to have violated eBay policies.
Buyers with a negative feedback score
Block buyers who have a feedback score of (OPTION OF -1 TO -3) or lower
This requirement can help you avoid buyers who have received more negative than positive feedback from other eBay members bidding on your item.
Buyers who may bid on several of my items and not pay for them
Block buyers who are currently winning or have bought (oPTION OF 1-10,25,50,75, OR 100) of my items in the last 10 days.
Only apply this block to buyers who have a feedback score of (OPTION OF 0-5) or lower.
Consider selecting this requirement if you are selling expensive items and don't want to sell over a certain number to any single buyer. Learn more about how this requirement works.
Apply above settings to active and future listings.
Existing bids will not be affected.
Turbo Lister will pick up these settings after you sync each item with eBay. Third-party listing tools will pick up these settings after you synchronize the tools with eBay.
Don't allow blocked buyers to contact me. (Buyer won't see the "Contact Seller" button on your Q&A page.) Note: Buyers can still contact you about existing transactions, unless you add them to your blocked list.
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Even with these options I have it set very tight and have seen that in recent days it has blocked 2 bidders
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Mar-12-17 * 525 ( 99.8%) Mar-25-03 322450530298 Too many Unpaid Item strikes
Mar-12-17 * 525 ( 99.8%) Mar-25-03 322450530298 Too many Unpaid Item strikes
Mar-13-17 * 2070 ( 100%) Oct-20-13 322450623947 Too many Unpaid Item strikes
Mar-13-17 * 2070 ( 100%) Oct-20-13 322450623947 Too many Unpaid Item strikes
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I have my settings set to blocking anyone with 2 unpaid strikes in 12 months. My question is why are buyers with 2 unpaid strikes even still allowed on ebay. This falls into the same issue as bid retractions in my mind.