Holly crap! I didn't know that indeed. And I considered myself an experienced eBay'er.gklinger wrote:There's another thing that everyone should be aware of and this is important: All bids are contracts to buy the item for that price. What that means is if you bid $10 for an item and someone comes along and bids $11 and wins the auction, you are still obligated to pay $10 if the seller decides they would rather sell to you than the highest bidder. A friend of mine bid on an item and lost the auction so they bid on a similar item. They won that auction and completed their transaction. Then the seller from the first auction was unable to close the deal with their top bidder so they contacted my friend. He informed them he didn't want the item as he had already bought another. They told him all bids were binding and that if he didn't make good on it they would take him to court. Shockingly, eBay agreed with the seller! My friend refused and eBay locked his account (he never got sued, thank goodness). Few people realize this is the case with eBay and if more people did, I suspect they would revolt. There is no time limit on your bids and the closing of an auction does not remove your obligation. How freaky is that?
I'm sorry you've had such a bad experience with eBay. I've had a couple of pretty bad transactions myself (as a buyer). As a matter of fact, I'm afraid I'm in the middle of another one...
However, I still think that eBay is an awesome place to get some things cheap. You just have to be careful and watch people's feedback (including seemingly perfect score with several "outliers"—it seems that some people do that on purpose—in general, they are OK, but from time to time, they'll rip somebody off and then they'll blame it on the other person saying "not my fault! look at my other feedback!").