WARNING - Premium Domains - ENOM and the 2006 discount deal
I write this to all of you whom have premium domains. The setup at Enom/Verisign is an absolute scam to rip off people anyway they can. The whole build up to the release of premiums, to the endeavor with channelme etc.. all a scam to get people invested in .TV and screw them over.
I regged one of my premium names a couple years ago for a specific amount and was told at that time as many of you on the board that renewal will always be what you regged it for. THIS IS THE BIGGEST LOAD OF CRAP EVER!!.. I just went to renew my name and it is a thousand dollars more then what I regged it at. I sent an email to enom and was informed that unless I have a contract stating my renewal fee in "perpetuity", I can basically go screw myself. I can honestly say ENOM is the worst thing to happen to this extension and I warn any of you newbies or potential investors to stay away from the premium scam cause that is exactly what this is. Nothing more nothing less.
This is very serious. I own about 40 premiums myself and I was told premiums would not increase. I am sure others have e-mail documentation on this as well.
I am soo pissed at these guys... Point blank, if you got any premium domains at a time when there was a "deal" or you made a deal with Verisign or enom.. it doesnt matter... they can and will raise the price on you if they choose. Your deal will only be as good as the time you regged the name.
Ex: so if you regged a name that was 3000 originally, but cut a deal for it for 2500 for 2 years making your payment 5000. That is only good for those 2 years. After that they will change it back to the 3000.
I need to know what is going on right now, immediately can someone please reconfirm that this is the truth, and not some fluke situation?
Ok now wait a minute, I thought the discount was only as good for as long as you paid up front.
You could get the deal for as many years as you paid up front. You dont just get to carry the discount every year you renew.
If im understanding you, this is how it is has always been.
This has nothing to do with people who registered names right off the shelf at whatever premium fee.
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Only talk to Deborah Burditt who handles premiums regarding this; her e-mail is, Deborah.burditt@enom.com
Thanks, Jim
That was not what I was told. Is there anything in writing that states this. If that is the case I will be really "pissed" but we need to research this further.
I am wayyy out of the loop if enom can change the price back to the original pricing (or more) etc after your reg period is up... if that is the case that is just a scam as I stated.
I am the guy that johntv just mentioned,
I have a .tv registered with enom which was a non-premium when I bought it from someone else,
it was expired for one day in last few weeks,
but WTF! when I wanted to renew it, eNom showed me that name is a $10,000/year premium! And that made me unable to renew it! (I have the screenshot: http://www.ufo.tw/enom.jpg )
I asked John for help and John told me "contact Deborah",
so I sent her an email with the original invoice of that name (luckily the former owner still has the original invoice),
then Deborah helped me to extend the name for one more year at the original price, but she still said that one IS a premium, please contact eNom when I want to renew it again. This is really weird to me and I am afraid that they will play dirty again next year when I want to renew it. I am also afraid that they will do the same thing for other non-premium names of mine and yours.
So they can take a non-premium and turn it into a 10,000 dollar premium just because they now say its a premium because it expired for one day..!!!! hahaha...OMG... this is unbelievable... Scamming people at its best... and what they will tell you is... "well.. it did technially expire".... scam.. scam.. scam...
by the way,
I think that was due to eNom changed their pricing system recently (the former www.tv had different pricing systems),
I know some names were premium originally,
but were available at non-premium later.
Fleaking.. that shouldnt matter one bit... if you regged it at a price and keep it updated that should stay your price. Just because they change something on a whim doesnt mean they get to bend you over and start charging you a "new" price because they feel like it...
Just in case anyone was unaware, enom is owned by Demand Media. Their CEO is currently being sued over the Myspace sale for scamming investors.
"The class action suit accuses ex-senior executives and directors of Intermix, and its venture capital backer VantagePoint Venture Partners, of defrauding shareholders of billions of dollars through the $580 million sale of Intermix to News Corp."
I wonder if anyone else has experienced this problem.
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No offense Greg but WTF does that mean ? First off shareholders always look for more they thought he sold Myspace for too cheap.
Secondly the deal Virtuali and everyone made during the discount was with Verisign.
I am no fan of enom but lets keep things straight.
The deal that everyone got was that you could pay up front and get a discount, after the years up front expired the premium went back to the price before the upfront pay. Why would it stay the same as opposed to the upfront ? It was a promotion why would I pay upfront and you could get the same fee without paying the upfront fee.
a confused .tv domainer and thought I had this learned but I guess I need to understand this more carefully...
Discovernow, equity, johntv and couple more on this thread will post the truth on this as equity did just now and johntv and jim... look at the what the experts say into this matter...
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Equity.. the way it was put across to me at the time was if you pay a couple or more years ahead we will give you a deal on the name. As in, never told that it was a temp deal etc... Again... this just shows you REALLY have to watch shady dealings like this... And again I reiterate I am glad this has come to light.. cause I do not think many of the people that purchased premium domains at a discount etc knew it was only good for that amount of time... I think many thought because you were puchasing multiple years it would be cheaper, and it was stated many times that whatever you regged the name at is what the renewal would always be. The difference with the discounted vs non-discounted renewals I dont think was ever discussed. Or I totally missed the boat.
Again I really feel for those that purchased names at discounted rates.. and I reallllllllly hope you have a game plan in effect for the names or your screwed.
well i am sorry to say this and change of topic but if i understand this correctly, the .tv big investors that came in early with the discount code and paid up front and then it time expires does this mean this as an example:
say fee is 1,000 a year
so .tv investor commits to 2 years for the 70 percent discount and pays 300 a year
after the 2 years that means the owner renews the name will be paying 1k a year from now on of ownership or new owner?
so here is what i am getting at...when a .tv owner sells out before the 2 years ends, how is this going change the book and sedo listings? should the owner say the name is locked in at 300 for 2 years and ends on such a date...THEN STATE THAT THE PRICE WILL INCREASE 1K AFTER THAT?
sorry for being wordy-hope i didnt confuse on this and if I understand it right this will have to be stated by "good faith of the sellers" and not mislead future owners?
Again-i am no expert in this and still learning all of this complex stuff... sounds like a dumb question and a worry i may have-sorry for this if I am wrong
back working my midnight gig finally...need to run but if an experienced .tv investor of years investing in the extension can comment on my question and worry that would be helpful...
good luck everyone and sorry to hear on this....
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If You Dont Like An Extension & Make Zero Sense Why Continue There & Waste Your Time???
You got it jeff... that is the case. It is not a dumb question at all.. and I think many (myself included) did not know this. They did there job well (verisign/enom).. they got hundreds if not thousands of people to invest in premium domains and knowing once they got them hooked by offering these kind of discounts etc they would be forcing the person to pay the much higher rate later on because the person would have no choice but too because they have already invested money.