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Once you commit to a bid, you have entered a binding contract and must pay the seller for the item if you win it, so it is very important that you only ever bid the absolute maximum amount that you are willing to pay.

There are very few exceptions to this contract,and you cannot normally cancel (or retract) your bid unless you can meet any one of the specific requirements, as follows:

i)if you mistyped your bid, e.g., you mistakenly typed 59.50 instead of 5.95

ii)if the description of the item has substantially changed since you placed your bid, i.e., the seller has released further details with regards to condition

or

iii) if you cannot reach the seller by email or telephone

There are also time limits involved. You can only retract your bid if you placed it and are retracting it before the last 12 hours of the auction. If you place a bid within the last 12 hours of the auction, you may only retract the bid within one hour of placing it.

If you meet one or more of these criteria, you may fill out the form to request a bid retraction by clicking on "retract bid" link at the bid history page.

If you do not meet the conditions to retract a bid, your recourse is to contact the seller. Explain the situation to them and ask them to cancel your bid. They are under no obligation to do so.

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13y ago

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