Well here is my view point from being a buyer only. If you want to make me put money in escrow then I want the item for sale shipped to Ebay to be held in escrow too.
I do not see how the seller is in any danger of a "bad bidder". The seller still has the item. The buyer is taking much more of a chance than the seller. The seller can just re-list the item for sale.
When I buy something I have to pay for it and HOPE that the seller is going to send me the item pictured in a timely manner.
As for the snipping. If I was a seller I would make it not possible to do it. The floating end time after the last bid would be how to go. That is what happens at a "live" auction. The auctioneer waits until he does not get any bids for a time and then sells the item.
Snipping is a trick to keep the total price lower and snip in an "steal" the item.
If I was selling much on Ebay I would make there be a reserve on all that I sold. That would keep the snippers from being successful.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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