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They would still take a hit in there feedback I am sure. No one wants that.
i'm pretty sure these are the time limits. you are only able to leave feedback on ebay for 60 days after the sale. if you don't want the item after 30 days and the seller doesn't respond, start a dispute, which can only be done between 10-45 days after the sale. btw, a negative for a buyer that has paid should never be held against the buyer if you are a seller reading feedback. i think only the negative on the seller end can hurt you.