Bid Retractions
Remember to bid carefully - retractions are rarely allowed.
When you are the winning bidder, you are obligated to pay the winning-bid price
for the item. As a rule, bid retractions are not allowed.
There may be a few exceptional cases where you may retract a bid:
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The wrong bid amount was entered. An example would be the bidder entered the
amount of $1,500.00 instead of $150.00. If this happens the bidder should enter
the correct bid immediately after retracting the bid. If the bidder doesn't
place another bid, the retraction will be in violation of Stack's Coins auction
policy and could result in suspension from future auctions.
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You may retract a bid if the description of the item significantly is changed
during the course of the auction.
There are special rules about retracting bids, depending on when the bid was
originally placed.
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If the bid is placed before the last 24 hours of the listing: The bid may be
retracted before the last 24 hours, if the situation meets the above
description of exceptional circumstances. The bid will not be allowed to be
retracted during the last 24 hours of the listing.
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When a bid is retracted before the last 24 hours of a listing, the bidder will
eliminate all of his bids placed on that item. If a bidding error is being
corrected, the bidder will have to bid again.
-
Since a bid is not allowed to be retracted during the last 24 hours of the
listing, the bidder must contact Cynthia to request that the bid be cancelled.
Cynthia will decide whether to cancel your bid or not.
Accountability
Stack's Coins will thoroughly investigate bid retractions. Abuse of this
feature will result in suspension of your ability to participate in auctions.
Bids retracted within the last 24 hours of listing can be viewed as bid
shielding - a serious violation of our policy.
To retract a bid, please contact Cynthia at 866-811-1804.