You're able to withdraw your Bid at any point up until it matches a Seller's Ask. Once this happens, you're committed to your purchase. To ensure the integrity of StockX's marketplace, it's imperative that each sale be real, active, and dependable.
Since the sale doesn't technically begin until a Buyer and Seller are matched, you're free to adjust your Bid as often as you would like. Once a Seller agrees to sell at your Bid, however, you're committed to the sale. So make sure you're comfortable paying the price you're bidding before you submit!
How do I know I've successfully canceled my Bid?
If you are no longer interested in an item, it is recommended that you manually delete your Bid. You can delete your Bid by clicking the "Delete Bid" button in the upper righthand corner of the “Edit Bid" screen from your desktop. We make deleting your Bid an available option from a few different areas on your StockX Buying tab and from the item’s product page when managing from your desktop or on the StockX app.
You can confirm your Bid has been successfully canceled by checking the email address associated with your account and looking for an email from StockX titled "Bid Canceled" followed by the name of the item.
FAQs
In many cases — yes. Buyers who have placed a bid can retract their bid any time before the auctioneer announces the sale has been completed. It's important to note, however, that the withdrawal of one bid does not revive any previous bid. The auction will continue with the next highest bidder.
Can a bid be cancelled? ›
No. Modification or cancellation of bids once placed is not allowed.
Can you cancel a bid order? ›
How do I cancel an eBay bid? Cancelling an eBay bid can be done via the 'retracting a bid' page, using the 'retract a bid' button. Simply click on this, then select the product you wish to retract your bid for and give your reason for doing so. You'll find lots of other helpful advice on this page, too.
Can a seller cancel my bid? ›
Up until the bidding closes, sellers can cancel any and all bids at their discretion. While eBay has put in place rules requiring selling to the current high bidder if the seller ends an auction early, a seller can cancel all bids and let the auction end at its regular scheduled time without penalty.
What happens if you withdraw a bid? ›
(2) A sale by auction is complete when the auctioneer announces its completion by the fall of the hammer, or in other customary manner; and until the announcement is made any bidder may retract his bid. Once you have withdrawn your bid, the auction will continue with the next highest bidder “in the lead”.
Can a bidder withdraw his bid? ›
A Bidder may, through a Letter of Withdrawal, withdraw its bid after it has been submitted, for valid and justifiable reason; provided that the Letter of Withdrawal is received by the Procuring Entity prior to the deadline prescribed for submission and receipt of bids.
Why can't i cancel my bid? ›
A seller can cancel any bid at any time before the auction ends. A bidder can retract their bid if the auction has more than 12 hour left. During the final 2 hour, a bid can be retracted only within an hour after being placed.
What are the reasons for cancelling a bid? ›
Cancellation of an open or limited call for bids is sometimes necessary for numerous reasons including a significant change in the requirement; the acceptance period may have expired; there were no submissions that meet all terms, conditions, specifications and evaluation criteria; or where the bids are substantially ...
Can a seller end a bid early? ›
Whether you can end your auction listing early depends on if you've received any bids yet, how much time is left in the auction, and if you have a reserve price in place. Can the listing be ended early? Yes. You may be charged a final value fee based on the amount of the highest bid.
What happens if I win a bid and don't pay? ›
You're liable for the deposit on auction day and the rest of the purchase price, plus fees, by the completion deadline (typically 28 days after the auction). If you can't pay the deposit, you may face legal consequences. The auction house and seller can demand that you pay the amount specified in your contract.
A seller can cancel an order if: The buyer asks to cancel the order and they haven't shipped the item yet. The buyer hasn't paid within the time allowed. The buyer used the wrong shipping address when they completed their purchase.
Can you legally cancel a purchase order? ›
A Purchase Order (PO) can only be canceled if (a) goods have not been received, and (b) there are no matched or paid invoices on the PO.
Can you retract a bid? ›
If you do not want the item you have to message the Seller and let them know you changed your mind and would like to have your bid Cancelled. Sellers can cancel your bid although they do not have to.
Can a seller cancel an offer? ›
Bottom line. “Generally, a seller can't cancel without cause,” Schorr says. “You could build in some contingency, but absent that, you had better be committed to the sale.” Reneging because you fear you underpriced the house, or you actually receive a better offer, doesn't count as “cause.”
Can you cancel an online bid? ›
You can retract a bid if (Note: these options are only applicable for up to 1 hour after making the bid when the listing is ending in less than 12 hours): The seller significantly changed the description of the item. You accidentally bid the wrong amount. For example, you meant to bid $20, not $200.
Is a bid legally binding? ›
A bid is considered an offer under contract law. If an offer is accepted, a contract is established and becomes legally binding. The provider can't withdraw their offer.
Can you return a bid? ›
You can retract a bid if (Note: these options are only applicable for up to 1 hour after making the bid when the listing is ending in less than 12 hours): The seller significantly changed the description of the item. You accidentally bid the wrong amount. For example, you meant to bid $20, not $200.
What happens if you change your mind at an auction? ›
Depending on the terms of your auction contract, you may have to cover these costs if you attempt to back out of your winning bid. You may even be charged interest every day until the item sells to someone else.
Can you withdraw a bid on a house? ›
Until both parties have come to an agreement on all the contract terms and actually signed the purchase agreement, neither of you are legally bound to anything, and you can withdraw your offer without any problem.
