Seller wants to cancel transaction

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Bought something on eBay (Buy It Now) but several days later, seller then tells me she doesn't have that size after all. Fast forward another couple of weeks and I get an eBay message saying the seller wants to "cancel the transaction" and if I don't reply it will automatically be cancelled anyway. I understand they get their fees refunded if the transaction is cancelled in this way.

Should I accept the cancellation? I don't really see why they should get their fees back as they were wasting my time by selling something which wasn't really available. However what happens if I don't agree to cancel the transaction? Am I then liable to buy something which isn't available?

If you don't agree it will cancel automatically and the seller will get their fees back - so if you want to stop that you need to refuse it.

But no, not liable - how could you be if they haven't got the item to sell

Thank you! Have rejected the "cancel transaction" request.

Makes sense that I'm not liable as they haven't got the item to sell, why didn't I think of that? :o