We are sure that you have seen some eBay listings with outrageously high bids on them. Often these high bids are the result of vigilantes seeking justice on fraudulent listings, trying to prevent unsuspecting bidders from bidding.
Although we applaud the vigilantes motives, two wrongs do not make it right. Vigilante bidding is an eBay violation and is subject to loss of eBay membership.
We would like to bring some information to the attention of the vigilante bidders, as there may be possible repercussions they are unaware of.
You may not realize this, but if eBay does not cancel a listing (also known as TKO) in time, you have entered into a legally binding agreement to buy the item you won. You may not care, but that's the truth.
More importantly, if the fraudulent listing is not caught in time and not TKO'd by eBay, then the true account holder is going to be billed for the listing and final value fees. You don't know which members are on which eBay billing cycles. If the fraudulent listing completes and a billing cycle occurs, the true account holder will be billed by eBay and hit for these charges on a credit card, through a direct payment withdrawal through PayPal or through a designated bank account.
Vigilante bidders cause these charges to occur, and subject the true account holder to additional grief and aggravation, causing the true account holder further financial harm. If there are insufficient funds in a bank account to cover the eBay charges, you very well may cause the true account holder to be billed for additional charges such as overdraft fees on their bank accounts. Not everyone has overdraft protection on their bank accounts. Whether you realize this or not, not everyone has extra money in their bank accounts to cover eBay fees that they did not plan on being charged for. If funds are withdrawn from a bank account because of an eBay bill, this may cause a trickle down effect and cause other authorized withdrawals to bounce on a bank account.
When the charges incurred for fraudulent activity are brought to eBay's attention, it will refund the fees to the person that was harmed, however, the person's bank and other creditors aren't going to care. The bank is not going to refund the service charges for insufficient funds. And, to top it off you will be causing additional harm by unnecessarily putting a black mark on someone's credit rating. Do you really want the victim of a hijacked account to be subject to further aggravation and have to go through hoops and contact his/her creditors and the credit rating reporting agencies to clear up these black marks on their records that you have caused?
Vigilantes, before you bid look at the broader picture. Realize that although you may be trying to protect an innocent bidder from being scammed, you may be causing more harm than good and really be victimizing the person that was hijacked.
Team Whack a Hack and The Nekkid Truth are asking the vigilante bidders to stop bidding and instead report the hijacked accounts via webform or directly to eBay's Live Help Team for resolution.