Buyer runs into a “financial situation” at 2 am and is asking to cancel the auction that he won and paid for, I already paid for shipping on it and was ready to mail it out in a few hours. What should I do?
Accept the cancellation and void the shipping label. You’ll be out the 30 cent transaction fee (+2.9% if you’re on PayPal instead of managed payments), but that’s it. And it will save you the potential return/negative feedback.
Yes you should have the option to contact and offer the runner up. Also have the buyer formally request a cancellation, you should get your closing fees back in that case.
Buy a store subscription. I pay $25 (or $28 or $30? something like that) a month for mine and I get a $100k selling limit (or some other inordinately large number). And I get pretty much infinite free listings. And my FVFs are slightly lower, too. It’s worth it if you have a lot of things you want to sell.