Although ebay does have a list of terms and conditions, what counts in practical terms is what a buyer or seller thinks applies or how they decide to act. People do the wrong thing all the time and there isn't always a lot you can do about it, most things aren't worth a court case, let's face it.
I think a seller who writes that payments are due within 2 days then carries through to the exact minute is being pedantic and it may not be backed up by ebay policy but as far as that seller is concerned, he will think he is in the right. Not everyone reads all the rules, not everyone is ever going to read the rules. The item is gone. I guess he can get a red dot but that is about all.
On a different note, I was looking at some BIN items and some of them had in the terms and conditions that payment had to be instant. I usually do pay straight away but I was wondering if that policy was ok in ebay land, I gathered it was on BIN items. If so, I think it is a sign ebay is changing a lot, more into the systems of the daily deal sites, where you can put whatever you like into a basket but it isn't yours till you pay for it.
