repocast.com Miedema Company cancelled my winning auction, Internet

On 4/26/2012 I was the winner of one of their online auctions. Received a confirmation email with a pay now link. A short time later I logged in to pay for my item only to find out that someone else had out bid me 20 minutes after the auction closing. Contacted repocast.com and was told that they had server issues and had to reopen the auction and I was out of luck even though I was able to follow the auction to its end. Canceled my account for that reason as well as concerns over having my credit card and personal information in my profile. A requirement to bid.