discuss Does NameCheap Marketplace Bidding require Deposit?

[snufkin365]

If yes, it is not a healthy decision for a potentially lucrative business.

 

[karmaco]

Its to keep serious bidders only on the platform. I think in the long run it will do exactly what it’s supposed to do- keep bad actors away.

 

[Bob Hawkes]

Namecheap just added it (those with auction accounts got an email overnight). It is another step to try to combat bad actors in the domain auction space.

As I understand it, existing auction membership accounts with a sufficient record of making payments will not be asked to prefund, while new accounts, or those with insufficient record of payments, will need to prefund their account with $100 USD.

-Bob

 

[pinkdragon]

It is a very wise decision. If you dont like it, dont bid there.