I was sniping several products at the same time with the idea that I wanted to stop sniping when I won one item.
The I had a max. bid on all items of 43.02. For the first item, the winning bid was 43.00. How can the winning bid be less then my snipe? I had my snipe setup to trigger when there was 6 seconds left in the auction.
If you check "My Status" field you will see the following reason:
"Your bid was too low".
Your bid was too low due to eBay's bid increment system. Please check the following FAQ section for more information:
http://www.myibay.com/login/faq/4/#q14