Question: What Happens If You Win A Bid On EBay And Don’T Want It?

What happens if you bid on eBay and change your mind?

A bid on eBay is considered a contract, and you’re obligated to purchase the item.

Changing your mind isn’t a valid reason for retracting a bid..

Will eBay charge me if I cancel a listing?

There are no bids on your item. … You’ll need to cancel all active bids before you can end your listing. In this situation, we charge a fee equivalent to the final value fee that you would have paid if the listing had ended on its own and sold for the highest bid received when you ended the listing.

Can you back out of a winning bid on eBay?

If you’ve made a mistake when bidding on an item, you can retract your bid in certain circumstances. … Keep in mind that you can’t always retract a bid once it’s made – if you’re not able to retract your bid, you can also try contacting the seller to see if they’ll cancel your bid for you.

Can I Unbid on eBay?

When you place a bid on eBay, you are committing to buy that item. This means that you cannot easily unbid on eBay. … You are able to retract a bid if the seller has changed the description of the item significantly.

Is a winning bid on eBay legally binding?

In most product categories on eBay, when you place a bid in an auction it’s considered binding – when you win an auction, you’re agreeing to complete the purchase. … For items listed in Property and eBay Motors classified listings, bids are considered non-binding.

What happens if you win an auction and can’t pay?

Should a successful bidder choose not to pay, an auctioneer has every legal right to seek payment for purchased items, including canceling the sale and reoffering the property without reserve. Typically a defaulted lot is either reoffered or returned to the consignor, but can be “tainted” to the marketplace.

What happens if you bid at an auction and don’t pay?

What Happens When an Auction House Does Not Receive Payment? … More often than not, the unpaid items someone refused to buy are quietly returned to the original consignor, put into a future auction with a lower estimated value or are sold privately for a significant loss.

What happens if I cancel a winning bid on eBay?

Go to the Resolution Center and select “The buyer asked to cancel the order, or there’s an issue with the buyer’s address.” The buyer will receive a refund and you will get the FVF refunded. You will not receive a defect and the cancelation request will close. If a buyer has not paid…

Can you change your mind after winning a bid on eBay?

A buyer can easily cancel the bid if they change their mind and essentially “drop out” of the auction. It is the preferred method according to the eBay Terms of Service. If the buyer changes their mind about an eBay sale after the auction has ended, they can contact the seller and ask them to cancel the transaction.

What to do if you win an eBay bid but don’t want it?

Here’s how:Go to Purchase history and find the order you want to cancel.From the More actions dropdown, select Contact seller.Choose Request to cancel this order, then Contact the seller.Explain to the seller why you need to cancel, and select Send.