Buyer paid well over the odds for item, now I'm worried

[micheale-1]

Hi guys,

I need some advice.

I have recently sold a PS5 on eBay and it went for over £900, however eBay is currently flooded with the same item for around £650, all from reputable sellers - so naturally alarm bells are ringing. I started the listing at about £300, I wasn't after someone paying a ridiculous price - people just happened to bid up to that crazy amount.

The funny thing is that the guy has over 400 feedback and it's all 100%, he also paid instantly - but I'm reluctant to believe someone would just throw an extra £250-£300 at an item that's available all over eBay. Similar auctions have ended at around £630ish.

I feel like this guy is going to abuse buyer protection in some way - can somebody please tell me how I can protect myself? I stand to lose a lot of money if this guy decides to say I sent an empty box, or the item is broken/send it back. There seems to be tons of protection for buyers, but not sellers. I feel like I'm in limbo and will inevitably lose out.

Thanks

[john1297576 · Accepted solution]

It does happen that someone does not compare and pays over the odds, but underbidder as well would have pushed the price up and it takes some believing that TWO people at least were prepared to pay too much.

It is likely that two or more bidderswere working together to ensure they won, and I am almost certain that there will be a "Not As Described Case"  opened and either a broken item or an empty box will be returned. Ebay only want proof of delivery (of something) to expect you to refund or they refund at your expense.

Better to be safe and cancel, using problem with buyers address as reason. Better to risk a Negative than lose a lot of money.

Asearch for Completed PS5 Sales produced this https://www.ebay.co.uk/sch/i.html?_from=R40&_nkw=PS+5&_sacat=0&LH_Sold=1&LH_Complete=1&_sop=16

Are these prices real, or just silly bidding?

[micheale-1 · Accepted solution]

Thanks very much for this advice, appreciated. At this stage I think this is what I'm going to do. Those prices are definitely silly bidding - the average PS5 is going for about £650 on eBay currently.

[1956glyn · Accepted solution]

This years must have John......cannot get them on pre order and sold out in the UK. My son is getting one but wont pay silly prices and will wait until the new year when he will be paying about £475 which is what they will be selling for in high street stores.