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<p>[QUOTE=&quot;-jeffB, post: 1248167, member: 27832&quot;]Here&#039;s the retraction abuse I&#039;ve seen:</p><p><br /></p><p>Seller lists an item with a great Buy It Now price, but also lists a lower starting price, and requires immediate payment.</p><p><br /></p><p>Bargain-hunter (hi!) starts slogging through the PayPal payment routine.</p><p><br /></p><p>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.</p><p><br /></p><p>Bidder waits a bit for the pouncers to wander off in disappointment, then retracts bid and hits Buy It Now.</p><p><br /></p><p>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.</p><p><br /></p><p>Why does this bug me? Partly because it&#039;s an abuse of bid retraction, and partly because it reflects stupidity on the part of the seller. Why require Immediate Payment if you&#039;re also going to accept <i>bids</i> -- when bids will convert it to a regular auction ending some time later, and you <i>can&#039;t</i> require immediate payment at the end an auction?</p><p><br /></p><p>Gripe, gripe, gripe.[/QUOTE]</p><p><br /></p>

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