when we use paypal masspay fee is just $1
if you ask buyer to add $1 on the price he will pay i understand you are charging him/her the fee, so it is against their TOS
otherwise if you ask for paypal masspay payment (which requires you have funds in your paypal balance) fee would be only $1 and, lets say, if you sell a name for $500 you will have $499
Bid retractions, and bid changing is out of control.
You should never, ever, under any circumstances place a bid on an auction unless you are 100% certain that if you win... you will transact.
Placing bids, only to retract them is a huge waste of everyone's time.
I have requested a lock be placed on a posts in the auction forum... this will make you think before placing a bid.. because you will not be able to edit your bid threads to either remove or change your bids without contacting a member of the NP team.
In the meantime... I will start issuing warning points for bid changes, or bid retractions...
You will not be able to edit, or remove your bids.
So I ask... please make sure you are 100% certain that if you post a bid... you are prepared to pay, if you win.
The sellers are asked to abide by a strict set of rules to be fair... now we are asking bidders to take some responsibility. If you post a bid... it is a binding contract. Remember that!
I understand locking bids and that seems fair.
However if a domain does not sell, the thread and thread title remain available by search, both Namepros search and, I think, Google. This can limit the seller's options.
Self bumps (> 24 hours, of course) count as bids and lock the thread. The work around is to replace the thread rather than bump, hope that is OK.
It's not going to be possible, so be sure to use strategy when doing your daily bump. You'll have to plan, and make sure to post everything you need to in that one bump.
Question: After what amount of time is a posted thread soliciting (offers, bids, or firm prices) domains - in auction or any other marketplace forum - considered no good? For example, if I had an auction post that has not been bid on for 6 days and is on page 7, is that original post still live if someone decides to bid on it?
The reason I ask is just out of the courtesy that I don't want to bump a post to the first page that 99.5% of the time was not going to get bid on anyway (when it was on page 7) just to say the offer has been revoked. Furthermore, a cumulative effect of a few posters doing this could take up front page space and push down newer posts before they get the exposure they deserve.
If no rule is already in place, I propose that 4 days is a reasonable amount of time in a forum auction for solicitation of bids to be open and after that it can no longer be assumed the domains are available and an inquiry should be submitted before any first bids are made.
It's pretty safe to assume that after 4 days, it is significantly unlikely that the name(s) will be bid on and therefore reasonable to assume (by sellers and potential buyers) that the auction is over. This also allows sellers to move on and look to other avenues of sale.
It is active as long as it is open. If you simply post a reply with "closed" - people will know not to bid. If you don't, and they do place a bid... it could get ugly if the domain name is no longer available... as the seller, it is your responsibility to keep your auction thread updated to your satisfaction. When I do my rounds, and see that a seller has posted "closed" I will lock the thread for you.
Sellers are only permitted to post 1 new auction every 24 hours with 2 auctions running at any one time. So with that said... it's not a difficult task to keep 2 auctions at most updated.
The key is seller responsibility. Some people like to run their auctions consistantly, and update accordingly until they get bids, or the domain name sells. I would rather focus on seller responsibility rather than shutting auction down after a certain period of time.
Also, a bidder... if you happen to come across an much older thread... it's a good idea to PM the seller to see if the auction is still in play. Just use common sense, and don't be afraid to communicate with fellow members...
I have a question on bidding. Is it acceptable to limit the time of your offer in an open/make offer thread? I have seen "offer valid for 24 hours" in many places. I have to admit, I just did this on an offer. I didn't want to tie up my funds for an unreasonable length of time or be a the mercy of a non-responsive seller.
one small correction, the $1 you mentioned is charged to the buyer and not the seller.l So if the transaction is $500, the buyer is charged $501. So thats esentially charged as a one transaction fee.
Good thing about masspay is that its scamproof. No chargebacks can be done by the buyer.
No. That is not acceptable in the auction forum. It is perfectly fine to do in the "make offers" forum... that is why when you place a bid in the auction forum.. you should be 100% certain that you will be able to follow through once the auction ends... whenever that may be.
