We have all made choices in life that two seconds later we know we should take back. Especially when there is money involved this can become a problem. In the age before computers it was very simple to change your mind about something you purchased. However, since computers have come into the picture changing your mind has become a lot more complicated process.
In terms of eBay there are a few rules that apply when a bidder decides to change his or her mind after winning the bid on an item. This can be both challenging for the person bidder and the seller, but remember no matter what your circumstance you do have the right to retract your bid on an item after you won, if you choose to do so.
The problem is mainly about credibility. While there are many legitimate reasons to retract a bid on eBay, such as accidentally entering an incorrect amount for your bid, we must also keep in mind that eBay will allow you to retract your bid for almost any reason. This means that a compulsive customer could decide to retract a bid for illegitimate reasons more than a number of times. This not only is a breach of the contract mentioned in the buyers guide, but also it wastes...
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