Ebayer Accepted My Offer And Didn't Pay? Can I Cancel His Order?

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I offered a bidder an item I was selling for 40 dollars below asking price. He accepted it which took him right to the payment option and yet it has been over 4 hours without him paying for the item. I do believe I could've sold it for full price by now.. Can I cancel this order? I've emailed him twice with

I offered a bidder an item I was selling for 40 dollars below asking price. He accepted it which took him right to the payment option and yet it has been over 4 hours without him paying for the item. I do believe I could've sold it for full price by now.. Can I cancel this order? I've emailed him twice with no response?

Other answer:

RandomGuy:
You can cancel it and state your reason through the eBay site.
However, wait a little longer for the payment, and if he still doesnt pay/respond, i'd cancel the order
ari:
You have to wait I believe 3 days unless your listing says you must pay within ,24 hours or your purchase will be voided and relisted
keerok:
Did you explicitly tell him that immediate payment was required? If not check eBay's rules on how long you should wait for payment. In my experience, it's somewhere between 24-72 hrs.
Elijah:
Yes
Taco Dance:
4 hours is not very long. The buyer has 2 days to pay you before you can relist.

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