NameLiquidate.com Liquidation Platform (Official Thread)

[DanSanchez]

NameLiquidate.com is a liquidation platform for domainers, registrars, and wholesale buyers of domains. The market was carefully crafted from an idea on Dec. 3rd 2019 - Completed within 30 days, and has been a work-in-progress since.

You can read the origins of this idea and the subsequent discussions that took place between December 3 2019 to March 8 2020.
https://www.namepros.com/threads/do...m-seeking-input-for-new-epik-project.1166450/

We hope to further develop this liquidation market to help domain investors recover precious capital for other renewals or reinvestments. Our intention is to capitalize on the underutilized and often ignored, expiry stream. Those domains which eventually end up in the hands of big domain houses for resale, with no compensation to the previous registrant/owner.

You will see regular updates and notifications on this thread.

Personal note from @DanSanchez: My original intent was to help expiring domains become more liquid and to pass on the capital back to the original registrant at Epik. Since it's inception, NameLiquidate has evolved into a full liquidation platform for new, expiring, and aged domains. I hope to see participation here, questions and doubts will also be welcomed.

My future goal is to invite more registrars to send their expiry stream through NameLiquidate, compensate their previous registrants, and to foster a cooperative attitude for long-term relationships. ​

Please contact support here, by DM, or via our support chat at Epik.

NameLiquidate FAQ:
Nameliquidate.com/faq

NameLiquidate API Documentation
https://docs.userapi.epik.com/v2/#/Liquidate/liquidateAddDomain

Product Manager @DanSanchez

Twitter: @NameLiquidate

 

[Bob Hawkes]

A couple of questions.

1. Has the policy changed about time before relisting? (I think there was a 90 day? period before relisting possible). It seems to me that I am seeing names at the high-hour end today that I am pretty sure were listed previously. I think the idea of freshness, rather than names listed over and over, was the right idea.

2. I see that the reserve "minimum" is now in place. Am I right that you need to enter it every time? When I tried just putting nothing, it told me something like "0 is less than 9" (which, being a numbers guy, I kind of knew ). Anyway I retried putting in 10 and it worked fine.

BTW you were asking about possible partners to approach to get names directly from registrar. As well as those listed, I would suggest DomainCostClub. Namecheap would be nice, but I suspect not easy to get on board.

Thanks for the great NameLiquidate platform. I look forward to it continuing to grow.

Bob

PS For those who do not know about it, we have a thread where people can list names currently in liquidation that they think are noteworthy. The idea is to mainly promote names you do not own, but it is allowed to promote a selection of your own current names as well. I hope some readers will participate in the thread - the more eyes and minds considering the names available, the more valuable the thread will be.

 

[SuperBrander]

@DanSanchez I'm a bit confused about the Reserve option. I added a domain earlier as usual. Then I went to my Epik dashboard and chose that domain. I wanted to enter a Reserve for it. When I tried to do that , I got a message that the domain is external and an option to enter the auth code again. When I clicked on that I was brought again to the NameLiquidate page, but the domain is already added so it can't be added again. The Reserve I wanted wasn't added. Shouldn't the option to add the Reserve be there when listing the domain? And how is a Reserve supposed to be added to an existing listing based on what I described? Thanks.

 

[tonyk2000]

My future goal is to invite more registrars to send their expiry stream through NameLiquidate, compensate their previous registrants

Honestly, I am unsure how would external registrars compensate the original registrants. Such a billing and payment setup is not obvious. Collecring tax forms. Changing accounting should it be through account credits. Etc, etc. Mission impossible. Would not happen if the registrar is not doing mass payouts already.

At the same time, accepting raw expiry streams from external registrars without a compensation paid to registrants would kill the original idea, which was (quoting from the original nameliquidate announcement)

Perhaps you have read my opinions about registrars selling expired domains and refusing to help registrants in recovery. The time to disrupt this with action has come! (c) DanSanchez

 

[DanSanchez]

A couple of questions.

1. Has the policy changed about time before relisting? (I think there was a 90 day? period before relisting possible). It seems to me that I am seeing names at the high-hour end today that I am pretty sure were listed previously. I think the idea of freshness, rather than names listed over and over, was the right idea.

2. I see that the reserve "minimum" is now in place. Am I right that you need to enter it every time? When I tried just putting nothing, it told me something like "0 is less than 9" (which, being a numbers guy, I kind of knew ). Anyway I retried putting in 10 and it worked fine.

BTW you were asking about possible partners to approach to get names directly from registrar. As well as those listed, I would suggest DomainCostClub. Namecheap would be nice, but I suspect not easy to get on board.

Thanks for the great NameLiquidate platform. I look forward to it continuing to grow.

Bob

PS For those who do not know about it, we have a thread where people can list names currently in liquidation that they think are noteworthy. The idea is to mainly promote names you do not own, but it is allowed to promote a selection of your own current names as well. I hope some readers will participate in the thread - the more eyes and minds considering the names available, the more valuable the thread will be.

Thanks Bob!

1. Relisting policy has not changed, it continues to be 90 day cool down period. Mainly to avoid repetitive listings in close proximity. Given we have provided the ability to manually remove names and have added a 7 day "Bargain Domains" listings to prolong the amount of exposure for that inventory that you truly want to liquidate.

2. The reserve needs to be added at the time of submission. You can add the reserve in the bulk via the submission form or inside your "Domain Portfolio" when submitting individually on names that are already inside your Epik account (external or not.)

Thanks for the suggestions on those, I would love to get more registrars involved. A big win this week would be to get one registrar interested.

@DanSanchez I'm a bit confused about the Reserve option. I added a domain earlier as usual. Then I went to my Epik dashboard and chose that domain. I wanted to enter a Reserve for it. When I tried to do that , I got a message that the domain is external and an option to enter the auth code again. When I clicked on that I was brought again to the NameLiquidate page, but the domain is already added so it can't be added again. The Reserve I wanted wasn't added. Shouldn't the option to add the Reserve be there when listing the domain? And how is a Reserve supposed to be added to an existing listing based on what I described? Thanks.

The reserve has to be added prior to listing, so it will not work if you try to do it after listing. If you use the bulk form you need to enter the reserve number (without $ signs) next to the auth code in this format:

Domainname Authcode ReservePrice
DomainName.com $32#^&43693% 100

 

[DanSanchez]

Honestly, I am unsure how would external registrars compensate the original registrants. Such a billing and payment setup is not obvious. Collecring tax forms. Changing accounting should it be through account credits. Etc, etc. Mission impossible. Would not happen if the registrar is not doing mass payouts already.

At the same time, accepting raw expiry streams from external registrars without a compensation paid to registrants would kill the original idea, which was (quoting from the original nameliquidate announcement)

Perhaps you have read my opinions about registrars selling expired domains and refusing to help registrants in recovery. The time to disrupt this with action has come! (c) DanSanchez

Indeed it would be challenging, but it's not impossible. There needs to be a scalable solution and we have that with Masterbucks. A registrar could easily use Mastebucks and existing APIs to handle all payments if they are unable to do so internally.

 

[dncafe]

Sure will add those, thanks for the questions. To develop on that, you need to have Epik account credit or a valid payment method, like a Paypal account linked or a Credit card.

You mean as a refund? No fees are taken if the transaction fails. But we have a handful of failed transactions so far and refunds are instantly returned.

When I buy a domain on there, I send a payment directly to Epik?

How long until Epik pays seller of domain, and what forms of payment do they offer.

 

[DanSanchez]

When I buy a domain on there, I send a payment directly to Epik?

How long until Epik pays seller of domain, and what forms of payment do they offer.

You need to have a valid payment method BEFORE setting a bid or purchase. You can use PayPal to load your account credit to have a 100% guarantee of winning a bid if you are the highest bidder.

PayPal, all CC, and crypto are accepted. If your payment fails, you don't win the high bid and it goes to the next high bidder instantly.

Sellers are paid after the domain is delivered and verified. Epik handles all payments.

 

[SuperBrander]

@Dan Sanchez Thanks. I didn't notice the option to add it while submitting. I'll use it for future listings.

 

[NicTraders]

Thanks for the questions, apologies for missing them previously. The thread was moved to the promotional section and I wasn't getting any notifications from the forums.

Are there minimum and maximum reserves that can be set?
The minimum is $10, which is my recommended lowest reserve price if you don't want the names to sell for $9. The domains will be removed before the last hour rolls around given the last price update is $9.

The maximum can be $990, but that means your domains would be delisted within the first hour of the auction.

Unsold domain notifications?
Currently the process goes from dutch auction for 7 days and bargain section for 7 additional days. The system checks your auth code once a day to ensure the domain is still available (pre-redemption.) The notifications are needed, I agree. Will implement those notifications after the auction is over so you can elect to remove the domains from the bargain section.

Thanks Dan. Can you clarify regarding my second question:
"When doing a bulk submit via hamburger button in Epik 'My Domains' page, last I heard you could set only a single reserve that applies to all the domains you’re listing. Better if you can specify different reserve for each (or have a tick box to apply the same reserve to all). Any word on this?"

Also, I had previous posted here a possible reason for lower reserves. Quoting again here:

"I would prefer a minimum of just a few $ as there are a bunch of names that I would risk that one, but I wouldn't put $9 into them (plus renewal fee). It would be totally up to the seller of course whether they would allow it to go that well. In fact, maybe there could be a default reserve price of $9 (which is basically the case now), or if sellers so choose then they could manually enter a different reserve. A few dollars at the low end, or maybe $99 at the top end. I know Rob has said that it's a liquidation platform so the max reserve shouldn't be more than that sort of figure.

With it being a dutch auction and the possibility that a name can disappear from the list (bought through BIN or proxy bid) or keep going down to anywhere between say $3 and $99 I can imagine a slogan (borrowed from another) like: "Down and down she goes, where she stops nobody knows". "

Is there any chance of a lower minimum, or is $9 set in stone? I would expect that implementing a max reserve at some level would be a good idea as well since there is just no point having a max reserve of $990 as no-one will see the name before it drops off the list.

Thanks

 

[aheiven]

Some registrars do not have AUTHCODE for 15 days, 5 days or 7 days. Buyers have marked the domain name. What should I do if the AUTHCODE is invalid during the transfer? Can the seller submit the AUTHCODE again?

 

[tonyk2000]

First email, which is generated and sent to the seller after the sale, is misleading:

If you're familiar with the transfer process, you can commence a transfer to your own Epik account now. Normally this means visiting the current registrar to unlock the domain and obtain the authorization code. Next purchase a transfer for <> at Epik.com. (Note that this process differs for some domain endings (TLDs).)

It is well-known that the transfer fee for external nameliquidate domains is paid by the buyer.

NameLiquidate might want to assign a separate support email for both buyers and sellers. I had an issue once (my domain sold, the above quoted notification received, but no transfer was initiated). I noticed this after ~3 hours and emailed support@ , as I sincerely wanted to expedite the transfer as always. No response was received. Radio silence. Even though the issue was later fixed, either by itself or maybe somebody read my email, one would expect at least some sort of response - which never happened. It is unfortunate. Yes I know that I might send a PM to @Rob Monster or @DanSanchez instead, but NP is not a routine tech support channel, is it?

 

[King]

https://www.trustpilot.com/review/nameliquidate.com

 

[Bob Hawkes]

I have a couple of questions from a buyer's perspective:

1. When I buy a name, do I always pay the amount shown plus a one year registration fee, or if there is already sufficient time on registration does it just transfer without buying an extra year? If so, what is that time (i.e. a name with 6 months, do I still buy a new year)?
2. Is there an easy way to, without actually purchasing, see what the Epik renewal fee to NPs enabled account is for the extra year on a new extension name?

Thank you!
Bob

 

[NicTraders]

I have a couple of questions from a buyer's perspective:

1. When I buy a name, do I always pay the amount shown plus a one year registration fee, or if there is already sufficient time on registration does it just transfer without buying an extra year? If so, what is that time (i.e. a name with 6 months, do I still buy a new year)?
2. Is there an easy way to, without actually purchasing, see what the Epik renewal fee to NPs enabled account is for the extra year on a new extension name?

Thank you!
Bob

1. a) If there's sufficient time you don't pay renewal if the domain is already with Epik (since it's just a push to your Epik account). I think 'sufficient time' is maybe a month or two till expiry (but someone of a higher pay-grade will have to confirm that)...
1. b) Any domain outside of Epik is transferred into Epik so you pay the standard transfer fee for that. Nicely, if there is a transfer promo running you pay the discounted price. Last transfer cost me $6.99 from memory.
2. Login to your account first (must do), then view the pricing here. Select the ‘gTLDs (Generic TLDs)’ or ‘Alt TLDs’ tabs as required.

 

[Bob Hawkes]

Thanks so much, @NicTraders - that is perfect to see all the registration and renewal prices. Glad to see all the pricing in one place at Epik, that I had somehow managed to miss. Exactly what I was looking for on a name I am thinking of picking up from NameLiquidate.

Also good to know re when there is time and the name is at Epik you don't.

Bob

 

[tonyk2000]

A number of my NameSilo regged expiring domains, even though not sold on NameLiquidate, got new owners after expiration as pre-release domains. NameSilo pre-release bidding starts with just $1 (+ renewal fee). As such, it may well be that, for these domains, even $9 min. NameLiquidate bid was too expensive.

I beleive that $9 is well balanced value for basic NameLiquidate purposes. No changes required. A solution may be an option to have unsold domains subsequently listed in BARGAINS section with up to $1 (or any other) low BIN. I do not care much about $1 or so income, but, I actively do not like the whole situation where my expiring domains are being sold by any registrar without compensation...

 

[brandsly]

Is there any way to "watch" the names I'm interested in? Like bookmark it somehow so I can check back and purchase later?

 

[DomainAuctions]

I like the idea.

Just going to give this a try with a few names ( see my signature if anyone's interested )

 

[ArielT]

A question, I sold one on nameliquidate and payment appeared in masterbucks

Can I use that masterbucks credits to buy on epik?

 

[frank-germany]

A question, I sold one on nameliquidate and payment appeared in masterbucks

Can I use that masterbucks credits to buy on epik?

How can I transfer masterbucks to "in store credit" ?

I really find the interface of epik
... confusing

 

[DanSanchez]

Some registrars do not have AUTHCODE for 15 days, 5 days or 7 days. Buyers have marked the domain name. What should I do if the AUTHCODE is invalid during the transfer? Can the seller submit the AUTHCODE again?

If the transfer fails, we will request the auth code again. But the system does check for auth code validity once very day.

First email, which is generated and sent to the seller after the sale, is misleading:

If you're familiar with the transfer process, you can commence a transfer to your own Epik account now. Normally this means visiting the current registrar to unlock the domain and obtain the authorization code. Next purchase a transfer for <> at Epik.com. (Note that this process differs for some domain endings (TLDs).)

It is well-known that the transfer fee for external nameliquidate domains is paid by the buyer.

NameLiquidate might want to assign a separate support email for both buyers and sellers. I had an issue once (my domain sold, the above quoted notification received, but no transfer was initiated). I noticed this after ~3 hours and emailed support@ , as I sincerely wanted to expedite the transfer as always. No response was received. Radio silence. Even though the issue was later fixed, either by itself or maybe somebody read my email, one would expect at least some sort of response - which never happened. It is unfortunate. Yes I know that I might send a PM to @Rob Monster or @DanSanchez instead, but NP is not a routine tech support channel, is it?

Apologies for the wrong email there, we have a few different emails generated. Can you forward that to my email so I can shoot it up the dev chain? Daniel at Epik

You can also ping me if you run into issues during the buying or selling process. But the system runs automatically. We recently implemented daily auth code checks to avoid a lost transfer.

A number of my NameSilo regged expiring domains, even though not sold on NameLiquidate, got new owners after expiration as pre-release domains. NameSilo pre-release bidding starts with just $1 (+ renewal fee). As such, it may well be that, for these domains, even $9 min. NameLiquidate bid was too expensive.

I beleive that $9 is well balanced value for basic NameLiquidate purposes. No changes required. A solution may be an option to have unsold domains subsequently listed in BARGAINS section with up to $1 (or any other) low BIN. I do not care much about $1 or so income, but, I actively do not like the whole situation where my expiring domains are being sold by any registrar without compensation...

Totally agree there, something is better than nothing. I will bring this up to devs and see if we can make the reserve price below the current minimum to encourage voluntary super bargains as low as $1.

Is there any way to "watch" the names I'm interested in? Like bookmark it somehow so I can check back and purchase later?

There is no watch list, yet. I hope we can implement that during the next dev push. It was part of the original design in fact. We prioritized the bidding and reserve systems.

You can use the bidding system as a watch list now, and would encourage you to. I know it's in our best interest to get names as cheap as possible, but given the direct nature of capital transfer from domainer to domainer, we should all be bidding more often.

A question, I sold one on nameliquidate and payment appeared in masterbucks

Can I use that masterbucks credits to buy on epik?

Yes, during checkout you can use Masterbucks as a choice. To link it to your Epik account you just need to be logged in at Epik.com and go to Masterbucks.com

How can I transfer masterbucks to "in store credit" ?

I really find the interface of epik
... confusing

Sorry Frank, can you see your Masterbucks balance when you check out? You can transfer Masterbucks to account credit by doing this:

1. Log into Epik
2. Find the "Masterbucks and account credit" page from the drop down.
3. Click on "add funds"
4. Takes you here https://registrar.epik.com/account/add-balance-funds/
5. Add how much you want and check out using Masterbucks as an option of payment. It is instantly paid.

 

[Rob Monster]

How can I transfer masterbucks to "in store credit" ?

I really find the interface of epik
... confusing

Replied to you here:

https://www.namepros.com/threads/discuss-your-epik-experience.1146613/page-56#post-7684176

 

[frank-germany]

If the transfer fails, we will request the auth code again. But the system does check for auth code validity once very day.



Apologies for the wrong email there, we have a few different emails generated. Can you forward that to my email so I can shoot it up the dev chain? Daniel at Epik

You can also ping me if you run into issues during the buying or selling process. But the system runs automatically. We recently implemented daily auth code checks to avoid a lost transfer.

Totally agree there, something is better than nothing. I will bring this up to devs and see if we can make the reserve price below the current minimum to encourage voluntary super bargains as low as $1.



There is no watch list, yet. I hope we can implement that during the next dev push. It was part of the original design in fact. We prioritized the bidding and reserve systems.

You can use the bidding system as a watch list now, and would encourage you to. I know it's in our best interest to get names as cheap as possible, but given the direct nature of capital transfer from domainer to domainer, we should all be bidding more often.



Yes, during checkout you can use Masterbucks as a choice. To link it to your Epik account you just need to be logged in at Epik.com and go to Masterbucks.com


Sorry Frank, can you see your Masterbucks balance when you check out? You can transfer Masterbucks to account credit by doing this:

1. Log into Epik
2. Find the "Masterbucks and account credit" page from the drop down.
3. Click on "add funds"
4. Takes you here https://registrar.epik.com/account/add-balance-funds/
5. Add how much you want and check out using Masterbucks as an option of payment. It is instantly paid.

not into
but out of

 

[tonyk2000]

we should all be bidding more often

Only with hidden bids. They are public now. On domain details page. Was discussed earlier. As such, NameLiquidate is explicitly asking buyers not to bid - why make your interest public?

Can you forward that to my email so I can shoot it up the dev chain? Daniel at Epik

Will PM now
Edit:
Appears to be fixed already. The last sale email was OK:

The system will initiate domain transfer to buyer account automatically. No action required from you side. The transfer process can take about 5 days. Once the domain arrives in buyer account Epik the funds will be deposited in your MasterBucks account.

 

[branding]

FYI, when you buy on NameLiquidate and the name gets transferred to Epik the push option is still getting blocked for 60 days so the only way to push it is by going through support. Not that support isn't great and I don't mind a chat but it'd be nice to get this sorted as NL grows.