Another ebay rule that seems to be worthless!!

Discussion in 'Coin Chat' started by rev1774, Aug 18, 2011.

  1. rev1774

    rev1774 Well-Known Member

    I was going to bid on an auction from a seller and noticed that there are 3 auctions selling the same type of item. That is not my issue as I would take a shot on one of the 3 based on where the price is.

    However, my problem is someone else has bid on all 3 as well and if you look at that persons bidding history, they have 40+ bid retractions in 30 days and over 400 in the last 6 months~ I thought bid retractions were to be a last resort option? Clearly this person is playing the system and since it is impossible to see bidding history in more detail I guess ebay decided that since they get money and the seller gets money they don't enforce rules as long as they get paid...

    I guess I am seeing these types of things more and more and it just ticks me off more and more...
     
  2. Avatar

    Guest User Guest



    to hide this ad.
  3. jloring

    jloring Senior Citizen

    I always thought eBay did their best to discourage bid retractions, as multiple retractions could be an indicator of shill bidding. This is eBay's take on bid retractions:

    "We carefully investigate all bid retractions to determine whether they are appropriate and conform to the rules for buyers. Abuse of bid retractions can result in the suspension of your account."

    I would think what you're seeing is definitely "abuse" and should be reported.
     
  4. rev1774

    rev1774 Well-Known Member

    I did report it but, like the other issues that seem to come along like excessive shipping and the like, ebay and the seller are getting their money so I doubt anything will be done about it.....
     
  5. LindeDad

    LindeDad His Walker.

    Accounts to shill auctions are a dime a dozen all they have to do is log in from different IKP addresses use them for awile then get another when too much histery is shown.
    BTW if it happened to be a bullion item the bidder might of just been setting a buy level bid.
    I know once when MS64 Morgans where in a upswing I was bidding on about twenty per day and only won about ten total in a couple of weeks period. Sold them all for a profit of a couple of dollars each.
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Here's the retraction abuse I've seen:

    Seller lists an item with a great Buy It Now price, but also lists a lower starting price, and requires immediate payment.

    Bargain-hunter (hi!) starts slogging through the PayPal payment routine.

    While bargain-hunter(s) are trying to complete Buy It Now/Pay It Now, someone places a bid. Now Buy It Now is no longer available.

    Bidder waits a bit for the pouncers to wander off in disappointment, then retracts bid and hits Buy It Now.

    So, instead of racing to see who can get through Immediate Payment quickest, the bidder games the bid-retraction system so he can do Immediate Payment later at his leisure.

    Why does this bug me? Partly because it's an abuse of bid retraction, and partly because it reflects stupidity on the part of the seller. Why require Immediate Payment if you're also going to accept bids -- when bids will convert it to a regular auction ending some time later, and you can't require immediate payment at the end an auction?

    Gripe, gripe, gripe.
     
Draft saved Draft deleted

Share This Page