Lesson learned; Max bid on eBay

Bocabirdman · #1 03-10-2015, 02:49 PM

Quote:

Originally Posted by vintagetoppsguy

Once the auction is over and there is a 'winning bidder' the winner can no longer retract their bid. They are the winner, they are locked in. Whether they choose to pay or not is a whole different topic.

I hope I understood your question correctly.

Yes that is a different circumstance. Still, I would have been screwed as I usually spent my entire card budget and then some. I guess I was lucky that I never got burned by a retracted bid.

trdcrdkid · #2 03-10-2015, 02:55 PM

As I understand it, you have 12 hours to retract your bid, but you can only do so as long as the auction is still going on. Once it's over, if you're the winning bidder you're obligated to buy the item for the winning amount.

packs · #3 03-10-2015, 02:58 PM

Ah that is my confusion. I thought you had up to 12 hours after you placed the bid, auction over or not.

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