You can withdraw a bid under certain circumstances.
From EBay page.... Find this in the EBay answer center, All about bidding,
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However, honest mistakes sometimes occur. You can retract a bid if you have a valid reason for doing so as defined by eBay policy and you retract the bid within the required time period.
Valid reasons for retracting a bid include:
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You accidentally entered the wrong bid amount. For example, you bid $99.50 instead of $9.95. If this happens, you need to reenter the correct bid amount right away.
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The item's description changed significantly after you entered your last bid. For example, the seller updated the details about the item's features or condition.
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You can't reach the seller by telephone or email.
Changing your mind is not a valid reason for retracting a bid. In the future, be sure to carefully review the listing before bidding.
If you want to retract a bid:
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