PWCC and Bid Retractions

[Leon]

If you have a problem start your own business and do as you say. Problem solved.

Originally Posted by dariushou

See, i have a problem with that. He's in business of making money and he should be protecting his investment. Not me. It is very easy for him to hire a data guy to data scrape his auctions for this. His policy -- 2nd and 3rd paragraphs are their vague policing strategy...

http://www.net54baseball.com/showthread.php?t=229658

Are they not working with EBAY on this? Has EBAY put in code that does not allow those with over 25 bid retractions to bid on PWCC auctions? How do you stop last second (sniped) shilling with people with bid retractions greater than 25? So is there any policing whatsoever? Not even a data scraper. Based on auctions values that are ending, I would think PWCC is making enough cash. I couldn't imagine coming out with a policy like this in my profession and not being burned at the stake if i did not adequately implement and police it. In fact, i would have the regulators in my biz as soon as any of this non-sense started. I hate regulations, but maybe that's what this industry needs -- someone with some teeth...venting of course but come on.

[Aquarian Sports Cards]

Originally Posted by Leon

If you have a problem start your own business and do as you say. Problem solved.

Not as easy as it sounds

(I know you know that)

[Brent Huigens]

Good morning. PWCC "data girl" here! Thanks for the post. You are correct that we place blocks on all user IDs that we identify with more than 25 bid retractions in the last 6 months. There is indeed a bidder in the auction you note with more than 25 retractions. I have placed a block on this user ID and have reached out to him/her explaining our policy.

Please note that our policy has almost been in place for six months, which was the time frame we agreed to set the threshold at 25. Soon we will begin reducing the threshold because we feel the bidding community has had enough opportunity to improve their behavior.

As was noted by others in this post, our challenge is that eBay doesn't allow us to restrict bidding based on retraction history; in fact, we have to review each bidder to determine their total number of retractions. We catch many of the bidders with retraction history outside our policy, but we are limited by the tools provided to us by eBay. We greatly appreciate the assistance of many in the bidding community. Please continue to send concerns to either me at betsy@pwccauctions.com or our dedicated email address bidmonitoring@pwccauctions.com.

Finally, yes - eBay is indeed partnering with us in trying to curtail bid retractions. For the first retraction with PWCC, eBay sends a warning email describing the pilot project. The second retraction with PWCC, eBay places a bidding restriction where that user ID can't bid at all on eBay for 14 days. The third retraction results in that user ID being suspended from eBay indefinitely.

Please don't hesitate to reach out with any questions about or feedback on this policy or pilot program.

Thank you!

Betsy Huigens