Part of what makes eBay such a great e-commerce platform is its exciting. Bidding on and winning something that you really want can be addictive and fun. But what happens when you get carried away and regret a bid? Here’s more information and a simple tutorial on how to retract a bid on eBay.
Can You Retract A Bid On eBay?
Yes you can retract a bid on eBay, but there are some conditions. You can’t, for example, retract your bid moments before the end of an auction.
When you place a bid on eBay, you are saying that your agree to buy the item if you are the auction winner. However, in some situations you can retract your eBay bid. These include if….
- The seller changed the description of the item (bait and switch).
- Your research of the item makes you feel that the auction item description is inaccurate.
- You accidentally bid the wrong amount of money. For example, you meant to bid $50, not $500. It’s a good idea to always double check your bidding amount, especially when making a last minute bid on an item.
- The seller is unreachable and unable to answer your questions.
In addition to the reason for retracting your bid, timing is also important.
- If there are 12 hours or more left before the listing ends, all of your bids can be retracted.
- If the listing is ending in less than 12 hours, you can retract your most recent bid if it’s been less than an hour since you placed it.
How To Retract A Bid On eBay As A Buyer
The ability to retract a bid on eBay is easy, but how to do it isn’t immediately clear. For example, there isn’t a “retract your bid” button on every eBay auction page. You can only find info about how to cancel a bid only in eBay’s help section. To retract a bid on eBay, you just need to know the secret retract bid eBay link.
To retract a bid on eBay as a buyer, just click on this “retract bid eBay link” and you’ll see all the items that you are currently bidding on.
Select the item that you want to cancel and then you’ll see a screen that asks you why you are retracting your bid. Your options are:
- I entered the wrong amount
- The description of the item changed significantly after I placed my bid
- I’m unable to contact the seller by email or phone
- Another reason
Why You Should Always Retract Your Bids On eBay, If You Don’t Want To Win The Items
If you definitely don’t want an eBay item that you are currently bidding on, then you should always retract it. Here’s why.
- Hoping you might be outbid isn’t a great strategy. And if you win the auction and don’t pay for the item, this can have a severe impact on your eBay account status. There’s no reason to ruin your eBay reputation when you can easily retract your bid.
- Even if you aren’t currently the winning bidder, you should still retract your bid if you don’t want the item. Why? If the winning bidder retracts their bid on eBay, then you will by default become the winning bidder.
Can you get a refund on an eBay shipping label? Yes. Here’s a tutorial on how to request an eBay shipping label refund.