cancellation of bid

[prakharclall_in1]

according to me there should be a option from where we can cancel the bid if by mistake we put on the bid, according to me it will be helpfull

[gr8delhibuyer]

I think that this is a very useful suggestion as many time because of Baazee software error or/and confusion about the item a higher value bid is recorded and at the end of the day buyer does not turn up to honour the sales. Therfore for increasing buyer turnout for honouring the sales I suppose that the suggestion is valid.
Most of the time even the buyer has requested the seller to cancel his bid the seller doesnot cancel the bid because of many reasons and ultimately the buyer has to either honour his bid or face a negative rating for not completing the sales.
Here to overcome any inconvenience to Baazee or seller a maximum stipulated time can be set for deleting the bid like it can be from few Hrs. to 24 hrs. depending upon the remaining time for the close of auction.

[vijay.ss]

How to cancel my bid? I mistakenly choose my bid.. suggest some idea..

[bombaydreams7]

Dear vijay.ss,

To cancel or retract a bid, it must meet the requirements of our bid retraction policy. Whether you can retract your bid or not depends on the following factors:

- Why you are retracting your bid
- When your bid was placed
- When the listing ends

You can retract your bid for the following reasons:

- You accidentally enter the wrong bid amount. For instance, you bid Rs. 99.50 instead of Rs. 9.50. If this occurs, enter the correct bid amount immediately after you retract your bid. If you don't place another bid, the retraction will be in violation of eBay's policy and could result in your suspension.

-The description of an item you've bid on has changed significantly after you placed your bid.

-You can't contact the seller. This means that you tried to call the seller, but the seller's phone number doesn't work, or you have tried emailing a message to the seller and it comes back as undeliverable.

Bid retractions only apply to auction format listings. There's no equivalent for bid retraction in Buy It Now listings. Once you've confirmed your purchase, you're obligated to pay the seller. If you've used the Buy It Now option by accident, you should email the seller immediately by using the "Ask Seller a Question" link from the listing page. You should explain what happened and ask if the seller is willing to cancel your purchase. Only the seller is able to do this.

To retract a bid, use the Bid Retraction form. (https://signin.ebay.in/ws/eBayISAPI.dll?SignIn&UsingSSL=1&pUserId=&co_partnerId=2&siteid=203&ru=http%3A%2F%2Foffer.ebay.in%2Fws%2FeBayISAPI.dll%3FRetractBidShow%26guest%3D1&pageType=563 )

Learn more about Bid Retraction. (http://pages.ebay.in/help/buy/questions/retract-bid.html

In case of any account related issues, you can contact our Customer Support through any of the following channels -

http://pages.ebay.in/paisapay/phone-support.html

Regards
Seema