on 08-26-2014 09:13 PM
what happens when I contact buyer to retract bid and they do not get it in time before auction is up?do I still got to pay or what happens if I don't pay?
Contact the seller again and explain about your attempt to retract your bid.
Ask for a Mutual Cancellation. If he agrees, accept the MC immediately and leave positive feedback. "thank you for helping a newbie" would be appropriate.
If he does not agree, he can as noted, open an Unpaid Item Dispute which gives you a Strike. Most sellers have automatic Blocks on bidders with Strikes making it much more difficult to bid and buy on eBay.