eBay is adding the following "special retraction rules" to its existing bid retraction policy:
If you place a bid before the final 12 hours of the listing you may only retract that bid under exceptional circumstances, and you must retract the bid before the last 12 hours of the listing. You will not be allowed to retract a bid placed prior to the final 12 hours of the listing
during the last 12 hours of the listing.
If you place a bid during the last 12 hours of a listing you will be allowed to retract the bid for exceptional circumstances, but only if you do so within one hour of placing the bid.
Note that you may still retract a bid anytime before the last 12 hours if you have an exceptional reason for doing so
for example the seller materially changes the item's description. Please refer to the Bid Retractions page for further information on this policy.
To ensure that the buyer and seller experiences are equitable, sellers will not be able to add to their item's description during the last 12 hours of the listing. Sellers will be unable to revise or add to their
description within the last 12 hours if there are existing bids on the item; the seller will need to cancel bids and end the listing early instead.
http://pages.ebay.com/help/buyerguide/bidding-retract.html
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