<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by ozstamps:
[...] indeed I think you MUST state a reason for a bid retraction that all may peruse. [...] It is legal. eBay can't touch you, and seller can't touch you IMO.</font>
Though well intended, this is however incorrect. As per the eBay rules:
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">All eBay bids are binding, therefore you should only retract a bid in certain circumstances. Below are a few examples of circumstances in which retracting a bid is acceptable: [see:
http://webhelp.ebay.com/cgi-bin/eHNC...bid_retraction ]</font>
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Your bid is a contract - Place a bid only if you're serious about buying the item. If you are the winning bidder, you will enter into a legally binding contract to purchase the item from the seller. </font>
If finding the item you want cheaper was a valid "excuse" for canceling a bid, I doubt eBay would function very well.
[This message has been edited by SMessier (edited 05-28-2002).]