how to cancel a bid

[speedskaterfred]

Is it possible to cancel a bid once it's made?

[dmil8030]

Yes, you do a bid retraction.  The following link explains about how to do it, what are the valid reasons for retraction, and there is a Bid Retraction form near the bottom you can use:

http://pages.ebay.ca/help/buy/questions/retract-bid.html

Just so you know, - retractions are displayed on your feedback page, and too many will have you in a stew with ebay.  And your retraction is displayed at the bottom of the listing's bid history, too.  Doing it is considered very poor form.

Much better to place interesting items in your Watch List, where you can freely ogle them without every having to make a committment.

[scifan57]

Keep in mind that there are only three valid reasons for a bid retraction; 1):entered wrong amount 2):item description changed significantly after you placed your bid. 3):are unable to contact the seller by phone,email,etc.. If you use reason 1,you are required to immediately enter the correct bid amount,otherwise is counts as an invalid bid retraction. If you retract a bid for an invalid reason,you can be reported to eBay. Too mant invalid bid retractions can result in sanctions from eBay.

[reallynicestamps]

You can also ask your seller to cancel your bid. On the plus side, you are free of the transaction and there is no note on your FB page.

On the negative side, the seller will probably Block you from ever bidding with him again.