PWCC – Announcing Formal Policy Concerning eBay Bidder & Buyer Integrity

[ajjohnsonsoxfan]

I also don't understand the problem with "string bidding". If I bid $1 a 100 times and become high bidder and pay for the item is that bad?

[jcc6252]

Originally Posted by ajjohnsonsoxfan

I also don't understand the problem with "string bidding". If I bid $1 a 100 times and become high bidder and pay for the item is that bad?

+1

I won't change that tactic for various reasons. It will be interesting to see if I get cited. Regardless, I applaud PWCC for their actions.

[sushihotwings]

Originally Posted by ajjohnsonsoxfan

I also don't understand the problem with "string bidding". If I bid $1 a 100 times and become high bidder and pay for the item is that bad?

I think smaller bid increments are healthy making the market more liquid in a way. Bidders can better anticipate where the auction might end and this can help prevent wild price fluctuations at the close. We are not bidding in a vacuum and having more bids and bidders in small increments can smooth out that process. I think eliminating the bid retractors will take care of the malicious bidders and messing with bid increments is an unnecessary and potentially deleterious step.

[Exhibitman]

Really. As long as you pay up in the end, who cares how you bid?

[JollyElm]

I've been bidding on ebay for seemingly 100 years and the only retraction I've ever had was a buy-it-now on a card that I didn't realize was OPC and not Topps. I immediately contacted the seller and he cancelled the bid. So, I don't even think that qualifies as a retraction. My point is, I wholeheartedly agree with everyone else that 25 retractions is just way beyond the pale. 25????????? Absolutely ridiculous.

[EvilKing00]

Happy to hear what pwcc is doing!

[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.