Now this is just an idea, it is nothing official from Namepros or in the works, it is my idea for a different kind of auction product, and looking for comments yay or nay. Eric would have to approve.
The nature of auctions on forums provides no opportunity to set a reserve. So sometimes someone starts an auction at $1 and thinks it will run for a bit, sometimes that doesn't happen.
So I was thinking about an Auction Remix. An auction ends say at $16, the seller does not like the price, so instead of selling the name they pay the high bidder their high bid, so in this case the high bidder would get $16. The seller keeps the domain.
The seller has to state that it is this kind of auction at the start so anyone bidding knows it could happen. A second version would involve the high bidder having to give their ok to accept the cash over the name.
Like I said it is just an idea, give opinions on the concept.
The nature of auctions on forums provides no opportunity to set a reserve. So sometimes someone starts an auction at $1 and thinks it will run for a bit, sometimes that doesn't happen.
So I was thinking about an Auction Remix. An auction ends say at $16, the seller does not like the price, so instead of selling the name they pay the high bidder their high bid, so in this case the high bidder would get $16. The seller keeps the domain.
The seller has to state that it is this kind of auction at the start so anyone bidding knows it could happen. A second version would involve the high bidder having to give their ok to accept the cash over the name.
Like I said it is just an idea, give opinions on the concept.