Auction ending after first bid

I recently added an item for sale - an auction for 7 days. I received a bid on the first day of the auction and it seems to have ended the auction and the first bidder has won. 

 

Does anyone know why the auction ended itself after the first bid? It also says the buyer has paid but I haven't received the money yet. Does payment from eBay take more than a couple of days? 

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tobiasd4
Experienced Mentor

You listed item as auction with BIN, buyer clicked BIN for £6.00.

BIN only are 30 day renewable.

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