When winners give you an excuse as to why they can't pay, never cancel the transaction. This counts against you as a defect or it will soon. File unpaid item disputes against non payers 4 days after end of sale. If they don't pay by the 4th day after filing the dispute, close it and they will get an unpaid item strike and you will get your final value fee credit then you can relist or make a second chance offer.
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Non payers should get unpaid item strikes and be added to block bidders lists. Period.