Sold £299 ebay item for £1.04. Shock!

soolin

Martin_Knott-Lewis wrote: »

Thank you for your support with this distressing sale.

I have looked at the buyer's feedback and it appears he only buys total bargains.

So probably someone on here then .....

Martin_Knott-Lewis

soolin,

Only if they have a swimming pool in the back garden!:D

raven83

Personally if it was me i wouldnt go ahead with the sale i would just say sorry but item is no longer for sale and i would refund them the money, as for getting a neg well it would be a risk i would take if it meant i was going to be out of pocket, but in future i would know to make sure i don't list high value items for 99p!

Martin_Knott-Lewis

Yep. I have learnt the 99p lesson.

hermum

Martin_Knott-Lewis wrote: »

soolin,

Only if they have a swimming pool in the back garden!:D

Shame he didn't buy a car rather than a swimming pool

vickynleon

personally i would refund the payment and request to cancel transaction, he hasnt agreed to your cash on collection only terms so dont agree to his, all you will have worst off is a mark on your ebay but surely it would be better to donate to a worthy charity that sell it for 70p. just let it be a lesson learned.

BargainJunky

I too learnt the 99p lesson luckily for me my items were only around the £10 mark but I did honour the sales - hubby thought it was hilarious. I'm not really sure what I would do in your situation as I would be gutted to loose so much money but feel that I should go ahead with it.

If you pull out of the sale you risk a neg but if you carry on you loose money - how much do you think the item would have gone for? If you dont go ahead what would you do with the item as it would not be wise to relist on ebay?

Good luck with whatever you decide to do.

catch_me_if_you_can

I would refund the PayPal payment and reiterate to the buyer that the terms which he agreed to by bidding, were cash on collection.

Don't offer to cancel the transaction, you want rid of the item and the buyer (in a friendly way, lol) when he arrives, smile and be cheerful, take the quid and when he's gone then swear at the cat, pour yourself a stiff drink and remember the lesson learned.

Good luck whatever you decide x

hermum

The item may have cost the OP £299 but on the day was worth £1.04, otherwise there would have been other bidders to push the price up.
In an auction the value of an item is only as much as people want to bid.

soolin

hermum wrote: »

The item may have cost the OP £299 but on the day was worth £1.04, otherwise there would have been other bidders to push the price up.
In an auction the value of an item is only as much as people want to bid.

I agree, if it was worth £299 why did it go for £1.04.