Does ebay take the deposit right from your account for auto auctions?

Question by Erick H: Does ebay take the deposit right from your account for auto auctions?
I placed a bid on a motorcycle but recently discovered damage to my home that I need to pay for. There's a 500 deposit required within 24 hours of winning. The bid ends in six hours. I have my account linked up to paypal. Is this deposit going to be taken automatically or do I have to make it happen? Really I just want to retract the bid but according to ebay it's too late now.


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Japanese Car Auctions