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Gazed416

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I recently had a chat with a chat agent on Godaddy, and I asked if I could buy and list the same domain in the same day. They said that it is possible but that the transfer after sale would only happen after 60 days

My question is..Why would a buyer place a bid, win the bid, and then agree to wait 60 days to get the domain? Shouldn't there be a waiting period for on all marketplaces to deliver a sold domain instantly after selling?

Over the past few days I've bought and listed on the same day, but I'm worried that my domains might sell and then I have to tell the seller to wait 40 more days or something
 
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I recently had a chat with a chat agent on Godaddy, and I asked if I could buy and list the same domain in the same day. They said that it is possible but that the transfer after sale would only happen after 60 days

My question is..Why would a buyer place a bid, win the bid, and then agree to wait 60 days to get the domain? Shouldn't there be a waiting period for on all marketplaces to deliver a sold domain instantly after selling?

Over the past few days I've bought and listed on the same day, but I'm worried that my domains might sell and then I have to tell the seller to wait 40 more days or something
if your domain is sold via godaddy then buyer must have account in godaddy so you dont have to wait for 60 days as domain will be pushed to buyer gd account automatically after payment received...
if buyer have no account in gd then it will take 60 days.
almost all customers have account in gd as per my experience.
I hope this is the answer of your question.
Thanks
 
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@Rizwan Razzaq is right, the 60 day lock prevents the domain from moving outside of GoDaddy, as long as the buyer has a GD account, any domain sold can be pushed to the buyer prior to the 60 days.
 
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seems off topic from a question about 60-day locks and how they impact the ability to list/sell on GoDaddy
 
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Apparently, there are a lot of issues at GoDaddy and Afternic, and folks here are trying to catch your ear.
 
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@Gazed416 .. FYI .. The 60 day lock is an industry wide standard to protect against domain theft. Essentially when the WhoIs registrant information changes, the name gets locked. When you win a domain at auction, by default the WhoIs information changes to your information, so the lock takes affect.

When you yourself make a private sale and are transferring manually yourself, at some registrars you have a one time option at transfer where you can choose to override the 60 day lock, but once you choose either way, it can't be undone.

Because most of the domains at auction at GoDaddy are expired domains, the transfers and account changes automatically change the WhoIs information to that of your account. I'm guessing in order to prevent abuse GoDaddy has chosen to keep the 60 day lock in place. Although I supposed it isn't actually necessary for expired domains, but they likely keep it there in case of rare auctions having fraudulent bids or non-payments and they need to take back the domain. Obviously it's also better for their bottom line if the domain stays at GoDaddy .. lol .. but as far as I know it's industry standard, and not just a GoDaddy thing. As while 99.99% of auctions go through without issues, I'm sure @Paul Nicks can tell you there are rare exceptions where domains need to be taken back for any number of valid reasons (including non-payment by the auction winner, where the domain would go to the 2nd place bidder).

BUG WARNING: Also note that for such manual non-auction transactions (mentioned above), that specifically at GoDaddy, there has been a bug when you choose to have the WhoIs information automatically change as part as the account push (in situations where you want the 60 lock in place for your protection), the account change does not work (I reported this a couple of times in the past year+, not sure if it has been fixed in the last couple of months).
 
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Thank you all so much for the insight. I've learned a lot 🙏🏼
 
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