PWCC 10 Retraction Rule

[Peter_Spaeth]

In the meantime, no action on this 25 retraction bidder, on an infinitely more expensive card.

http://offer.ebay.com/ws/eBayISAPI.d...p2471758.m4792

[JeremyW]

Originally Posted by Peter_Spaeth

In the meantime, no action on this 25 retraction bidder, on an infinitely more expensive card.

http://offer.ebay.com/ws/eBayISAPI.d...p2471758.m4792

I took a look at that auction & saw that there was a bid retraction. I then looked at that bidder's (the retractor) history & he/she has over 200 retractions.

[felada]

Weren't they also going to put an end to the nonsense of string bidding?

[Peter_Spaeth]

Originally Posted by felada

Weren't they also going to put an end to the nonsense of string bidding?

I don't think they said they would do that, hell, it would take away a big percentage of their bids at least on high ticket items. Here's a good one found instantly, same bidder has bid 26 times on the same item.

http://offer.ebay.com/ws/eBayISAPI.d...p2471758.m4792

Only 17 on this one.
http://offer.ebay.com/ws/eBayISAPI.d...p2471758.m4792

22
http://offer.ebay.com/ws/eBayISAPI.d...p2471758.m4792

Seems an odd way, to me, to go about trying to win an item for the lowest price, but what do I know.

[felada]

See below

Originally Posted by Brent Huigens

My name is Betsy Huigens; Brent and I own PWCC Auctions. Our company has always considered the integrity of our auctions to be our number one priority. We take a proactive approach towards monitoring bidders and taken action when appropriate. The purpose of this post is to announce the next phase of policing. I’ve historically monitored and managed our comments on the message boards (like this one), so I know how important auction integrity is to the collecting community. It gives me great personal satisfaction to take the next step in ensuring our venue is the most trusted and honest marketplace in the world.

As members of the eBay selling community, we don’t operate in a vacuum. The same independence of software that offers transparency and protects maximum bids also somewhat constrains our ability to make quick, sweeping change. Having said that, our relationship with eBay has allowed us to convey the importance of auction integrity to the right people and we are excited by the action eBay has taken. Specifically, starting with our last auction (Premier Auction #7) eBay began a “pilot” project with PWCC specifically enabling us to take action when we notice concerning behavior.

In close partnership with eBay, we are formally announcing the following policy which we will employ to monitor bidding, effective immediately. Considering our policy, we reserve the right to contact users whose behavior falls outside this policy, and in some cases, with the support of eBay we will restrict bidding privileges and eBay may even issue suspensions on specific user IDs from the eBay marketplace.

Bid Retractions:

• The overwhelming majority of bid retractions are in violation of eBay’s stated policy. With few exceptions, all bid retractions on a PWCC auction are reported to eBay and result in an eBay-issued warning. A second retraction will result in that user ID being blocked from further participation in PWCC auctions and eBay suspending biding privileges for a period of time across the eBay platform. A third retraction will result in permanent suspension from eBay. Please spread the word.
• eBay wide, any user ID that has a high number of bid retractions on the eBay platform will be blocked from participating in PWCC auctions. We believe that the majority of users who abuse the bid retraction tool will cease this behavior. We have to establish a starting point, so to start any user ID we identify that has greater than 25 bid retractions over the last six months will be blocked from participating in PWCC auctions. Any user ID we identify with between 10 and 25 retractions will be notified of our policy and warned. In time, we plan to reduce the allowed number of retractions to 10, and perhaps as low as 5. Note: a user’s bid retraction count is not a statistic we can automatically filter; we appreciate the help of the collecting community in identifying user IDs which show quantities beyond our defined limits.

String Bidding:

• String Bidding is a new term we’ve coined to define a series of sequential bids at the eBay minimum bid increment. This practice can be perceived as bid manipulation because it increases the odds of a bidder exposing the maximum bid of another bidder without becoming the high bidder him or herself. Any instances of string bidding will be flagged and bidders warned and logged. Subsequent infractions may result in that user ID being blocked.

Unpaid Items:

• As has been the policy for several years, any unpaid item on a PWCC auction results in a permanent block of that user ID from participating in PWCC auctions.
• Additionally, any user ID which has two or more unpaid items strikes across the eBay platform are filtered and restricted from bidding with PWCC.

The time has come for us to respect this hobby as a commodities marketplace. Since implementing this policy last month we have already placed blocks on over 50 user IDs. It is our belief that the majority bidders whose behavior falls outside our policy are otherwise reliable and considerate members of the trading card marketplace. As such, it is our strong belief that in due time, problematic behavior will become a thing of the past. We encourage other eBay sellers to take a similar stance and aid us in supporting the integrity of the eBay platform.

Again, the integrity of our auctions is our number one priority. We ask that the collecting community on this board and others assist PWCC in identifying concerning bid behavior on any of our auctions. Please notify PWCC of any suspicious behavior by sending an email to bidmonitoring@pwccauctions.com. I can be reached at betsy@pwccauctions.com if you have any questions, comments, or suggestions. We thank everyone for their commitment to the hobby.

Thank you for your kind assistance in this process.

Betsy Huigens
PWCC Auctions, LLC
website: www.pwccauctions.com
betsy@pwccauctions.com

[frankbmd]

If one has more retractions than bids, a surrogate bidder would be required that would allow you to retract his bid, protecting the surrogates ability to bid within the PWCC policy even if it is enforced.

I'm going to give this a little more thought, but my future may rest in a bid retraction enterprise which could be retained by eBay, PWCC and consignors everywhere.

I'll need a slogan though.

[irishdenny]

Originally Posted by frankbmd

If one has more retractions than bids, a surrogate bidder would be required that would allow you to retract his bid, protecting the surrogates ability to bid within the PWCC policy even if it is enforced.

I'm going to give this a little more thought, but my future may rest in a bid retraction enterprise which could be retained by eBay, PWCC and consignors everywhere.

I'll need a slogan though.

How about...
"Bid to da Lid wit ALIBLIE"

Your can Call Your New Company "ALIBLIE"

Although... Wit Your Honest Reputation,
I Sincerely Doubt THaT You'll MaKe Any Ca$H at All!

My Apologies Frank!
I Nevar Really Like ta Turn Good Things Bad ~
Howevar, THiS iS fir Your Own Good

[Eric72]

I realize this is dreaming the impossible dream; however, wish eBay would simply do away with bid retractions...period.

[bnorth]

Originally Posted by Eric72

I realize this is dreaming the impossible dream; however, wish eBay would simply do away with bid retractions...period.

I don't have a problem with bid retractions if they are used properly. I have had to do it once in 20 years I have been on eBay. I was in a hurry and fat fingered a # and hit the bid and confirm buttons before I noticed my mistake. Then I canceled my bid and bid what I originally intended.

My opinion is they need to chance how they are used. They should only be allowed if you place another bid on the item that is higher than the high bid is at that time.

[sago]

eBay should charge the bidder for each retraction. Have the amount increase each time. Place a limit on how many retractions you can have and then you are banned.

All sorts of things they can do, but will not.

On that subject, I think if someone places a safety bid, it should automatically go to the next increment. If you want to bid higher than your initial amount, you should have to pay. It can be intimidating for some people to bid, knowing that someone who has the next three bids in a row could have bid a very high amount. It can limit the bidding, and the seller loses money.