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The trouble is, winning bids on eBay are binding, so if you win an auction you usually have to go through with the transaction. Thankfully, there's a way of backing out before you get that far by retracting a bid under certain circumstances. These are actually quite restrictive, with eBay only letting you cancel a bid if:.
As you can see, simply changing your mind isn't actually a valid reason. The first rule, then, is to think very carefully before you place a bid, reading the description thoroughly and being absolutely sure you want the item at the price you've stated. You should also be aware that if you make a false claim when retracting a bid, a seller could report you to eBay, which may impact your ability to buy and sell in the future, depending on the overall circumstances.
You can click on an item listed above the search results. In all cases, you will have to give a reason why you want to cancel your bid. You will have to enter a new amount if you still want to have a chance of winning the item, though.
You won't have the option to retract the bid. This should successfully retract your bid. Sometimes you may be directed to another form where you have to select the reason again and click Submit but, again, your bid should be successfully retracted.
You can freely try to retract a bid up until the final 12 hours of an auction. Within those final 12 hours, you can only seek to retract a bid if you've placed it within the last hour. So, for instance, if you've bid on an item with two hours to go and decide, five minutes before the end, that you don't actually want to go ahead, it's too late to retract your bid.
In general, the sooner you retract a bid, the better for you, the seller, and other eBay users. Skip to main content. Enter the key words you want to ask for help. A dialogue will open as you type your search terms. Enter your search term to display live search results. Use TAB key to navigate results. To improve your help experience, please sign in to your account. Are you a seller looking to cancel a bid? Read our article on cancelling a buyer's bid. Was this article helpful for you?
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