PWCC – Announcing Formal Policy Concerning eBay Bidder & Buyer Integrity

[spaidly]

This is great news.

[Mdmtx]

I had several retractions when I first came back to the hobby. I bid on a bunch of xmas racks before I did my homework. After I bid on about 10 of them, I did a little research, and then I retracted all my bids.

[vintagetoppsguy]

Thank you for taking a stance against string bidders. As a bidder, I find it annoying and will OFTEN retract my bid if ran up by a string bidder. I just get the feeling I'm being set up to be shilled and I won't play that. This is long overdue and I hope more sellers take note.

[Beastmode]

If I read between the lines, I think what Brent and Betsy are saying is "String Bidding" and then retracting, or String-bidding and not paying, will be meet with sever punishment.

String bidding alone is probably not a fireable offense, IMO, even though I hate it. It does seem suspect, and you could make a strong case that string-bidding is the gateway drug to retracting/shilling and non-payment.

If someone has a long history of on-time payments and no retractions, but is also a string-bettor, I can't imagine your going to be on their radar.

[flash300]

Brent great job know you have to start somewhere but 25 bid retractions is way to many

[seablaster]

Originally Posted by Beastmode

If someone has a long history of on-time payments and no retractions, but is also a string-bettor, I can't imagine your going to be on their radar.

Start imagining it.

[Peter_Spaeth]

As people have pointed out not all string bidding is nefarious, but during the craziness we saw a few months ago there is no question certain guys were string bidding on big ticket cards to try to push up the price as far as they could push it.

[Exhibitman]

If the bidders risk buying the item it doesn't matter what bid increment they use or how often they bid. The retraction is the sin here. It allows the bidder to fish for the high bid with no risk of getting stuck with the card. That is why 25 strikes is asinine, fake pseudo-security. I mean that's "my toddler BINed my entire watch list" level error.

If the purpose of these changes is to stop shill bidding it won't work. If I represented a class of aggrieved card buyers suing PWCC for unfair trade practices that 25 number would need to be explained and I don't think it would go over well.