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bid liar 

adj: 1. a person who buys something on eBay, then doesn't have the money to pay for it. Hence lying on his bid.

2. a person who buys something on eBay and cancels it last minute, making it so he lied about wanting to buy it.
Seller: YES! i finally sold my useless car on the Internets!
Buyer: *cancels bid
Seller: DAMN IT! he's such a bid liar!
Related Words

bid nigger 

Someone who waits until the last 5 seconds to bid on an ebay auction.
I just got bid niggered!
bid nigger by anonymous1866 June 28, 2007

Bid Stick 

A girl's lacrosse stick. Bid refers to a woman (biddy) and the stick refers to the lacrosse stick she uses that is noticeably different from men's lacrosse sticks.
Guy 1: Yo you see that hot girl over there?

Guy 2: You mean the one carrying the bid stick?

Guy 1: Yeah man. The pocket on that lacrosse stick is so small, how the hell do they cradle those things?

Bid Chicken 

A term used with sites like ebay that means to bid over the minimun, but under what you think someone has payed. This can be quite dangerous because if you estimate the other bidder's bid wrong, you may end up having to buy the item.
Jim like ebay so much that he decided to play a game of Bid Chicken. He bid $25.00 on pants, knowing the last bidder must have enetered at least $30.00.
Bid Chicken by Hackermeyer February 8, 2009

bid padder

Using eBay or any other similar website, is when i person puts a item up for auction and want to get the highest possible price so uses a friend to place bids and up the overall sale price.
Greg: Hey, will you bid padder my Sony bravia on eBay, i want at least $600 for it, but im im only at $275

Tony: Yes sure,
bid padder by Ben & Jerrys May 9, 2009
Someone who Bids huge amounts for an item on eBay with no intention of paying either for a joke or to end your item as it is competing with their's.
John: Did you hear about those AK47 £5 notes going on eBay for £80,000.
Joe: No one actually paid 80 grand for a £5 note, it was just bid trolls racking up the price for a laugh.
Bid Troll by Crustyanius October 31, 2016