I am new to ebay. I placed a bid (which i am winning) which I regret. I dont have the money to pay for the item.

Will ebay charge my credit card to make me pay for the item if I win?

Please be sure to check out the tutorial on ebay about bidding and retracting bids. And do sellers a favor and don't bid if you don't have the money. Because it is a legal binding contract to purchase once you click confirm on your bid. Be a good ebayer! Or don't go on ebay at all!!

You can retract your bid at any time - it is not the seller's responsibility to cancel or help you cancel.

If you do not cancel your bid, you are LEGALLY obligated to pay for the item.

I suggest you go into your "my ebay" tab and follow the bid retraction steps. you will receive a negative for it, but it's better than the cops visiting you.

And believe me, I had someone TWICE try to bid and not pay, and the kind cops of Clearwater paid a visit and hence, he paid for the Laptop.

Fulfill your end of the bargain - cancel before deadbeating, and think twice before you bid next time.

no they wont do that, but you will get a non payers strike.
It would be better if you contacted the seller and explained your position, he may then allow you to retract your bid.