You can only retract a bid on eBay under certain conditions. Here’s how it works:
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Time Limits:
- If there are more than 12 hours left in the auction, you can generally retract your bid using the eBay website.
- If there are less than 12 hours remaining, you can only retract your bid within one hour of placing it.
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Reasons for Retraction (eBay Recommended):
- The seller significantly changed the item description after you placed your bid.
- You accidentally entered an incorrect bid amount and want to retract to re-bid with the correct amount.
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Process for Retracting a Bid:
- Go to eBay on a web browser (retracting bids might not be available on the mobile app).
- Sign in to your eBay account.
- Navigate to your “Bidding History” or “My Bids” section.
- Locate the bid you want to retract.
- There should be a “Retract Bid” option next to the specific item.
- You’ll be asked to provide a reason for retracting the bid. Choose the most fitting reason from the options or enter your explanation if applicable.
- Submit the retraction request.
If the above conditions aren’t met:
- You cannot retract your bid through eBay.
- However, you can try contacting the seller directly and explain your situation politely. The seller is not obligated to cancel your bid, but they might be understanding and agree to do it for you.
Here are some helpful resources from eBay:
- Retracting a Bid: https://www.ebay.com/help/buying/bidding/retracting-bid?id=4013
- Canceling Bids and Managing Bidders: https://www.ebay.com/help/selling/listings/selling-auctions/cancelling-bid?id=4140