I bid $7.00 for a product, and someone else raised it to $7.50 with a minute left. However, I outbid them with 10 seconds left. Your app recognizes that I raised the bidding to $8.00, but when the bidding ended, it still reads that I was outbid.
The app recognized that you summited your bid but the auction ended before your bid was processed across the internet. Basically with only 10 seconds remaining you waited too long to place you bid.
