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If you're a seller, you can retract a counteroffer through the Manage offers page. Open the item, select Manage offers and select the counteroffer you'd like to retract and then select Retract.
If you're a buyer, it's absolutely possible to withdraw a bid during an auction, but, if you've made the highest offer, you won't be able to back out once bidding has ended. The winning bid constitutes a legally binding exchange of contract, and the buyer must honour it (bar exceptional circumstances).
I'll usually give a counteroffer and in the message say something like : "After shipping and ebay/paypal fees I would be left with X for my item (in same cases this has been zero or even less) because of that I am unable to accept your offer. This (the counteroffer) is the best I can do.
Can a seller pull out after accepting an offer? If there is an available contingency in the contract, the buyer can't secure funding, or there is fraud on the part of the buyer, the seller may usually cancel the contract. You may also cancel the sale during the attorney review period.
Open My eBay: Messages Find the message from the buyer and select Reply with offer.