Help won a GoDaddy auction

[Banezer]

i won a godaddy auction, i have paid for the auction, but the domain it not yet in my account, is there something wrong, pls suggest what i should do, it was a listed auction, not an expiring auction

 

[000]

I believe GoDaddy holds the payment for 7 days before releasing the domain.

 

[Keith]

7 day hold

 

[DKN]

Usually It will take maximum 7 days..... I got one domain after 6 days (Not expiring auction)

And some case my domains ( I Sold in GD auction) removed from my account after 7 days.

 

[Banezer]

ok. i have to wait for 7 days. Thanks guys

 

[discobull]

ok. i have to wait for 7 days. Thanks guys

Also, be aware that if the original owner renews the domain over the next 7 days, then you will not get the domain, but will receive a refund instead.

 

[Banezer]

Also, be aware that if the original owner renews the domain over the next 7 days, then you will not get the domain, but will receive a refund instead.

It is a listed auction, not an expiring auction

 

[iowadawg]

Does not anyone today actually read the rules on a site having domain auctions?

 

[chickenfillet]

In general, no.

 

[discobull]

It is a listed auction, not an expiring auction

Sorry. Missed that part.

 

[Domainace]

For a listed auction, Godaddy will hold your payment for 7-10 days. Assuming the domain is at Godaddy, they will push it to you after your payment has cleared their rather slow fraud department.

 

[arend]

Does not anyone today actually read the rules on a site having domain auctions?

No not really!

 

[N-A]

Also, be aware that if the original owner renews the domain over the next 7 days, then you will not get the domain, but will receive a refund instead.

It sucks GoDaddy holding $$$$-$$$$$ after an owner renews, if it's on credit, I'm charged interest on that money.

And that's what grinds my gears.

Does not anyone today actually read the rules on a site having domain auctions?

Nope. Easier to ask on NamePros than read legal mumbojumbo that you'd need a lawyer explain to you. By asking here, you have a lot of educated people who can answer, because they made a post requesting before. Vicious cycle.

 

[iowadawg]

If you say so.
And depends on when you charged to your CC and when the refund comes in.

 

[N-A]

If you say so.
And depends on when you charged to your CC and when the refund comes in.

A GD rep insisted that payments must be paid immediately or my account would be suspended for fraud. I don't think employee's read their own TOS. So, 7 days and notification of refund, which is another 7 days. 14 they are almost always constantly holding at least above mid $$$; which runs through my billing cycle, and I pay interest on a name I don't own while my money is in their account collecting interest.

Be prepared for people renewing names and never post that it's acquired, until it's in your account. (Other people would congratulate you, possibly tipping off the owner and make them rethink the nominal fee that must be paid to get it back.)

 

[hn]

Here is how GD handles expired domains

Day 1 We make the first of three billing attempts to renew the domain name. If the billing fails on the day of, or auto renew fails, the domain name expires and is immediately set to parking. The domain name can be renewed by the registrant at no extra cost.
Day 5 We make the second billing attempt. The domain name remains in parking, but can still be renewed by the registrant at no extra cost.
Day 12 We make the third and final attempt to renew the domain name. The domain name can still be renewable by the registrant at no extra cost.
Day 19 The domain name can be renewed by the registrant for the cost of a one-year renewal plus an $80.00 redemption fee.
Day 26 We add the domain name to an expired domain name auction.
Day 36 The expired domain name auction ends. If there are no backorders and no bidders in the expired domain name auction, we list the domain name in a closeout auction.
Day 41 The closeout auction ends.
Day 43 We assign the domain name to the winner of the expired domain name auction, backorder, or closeout. If there are no bidders, we return the domain name to the registry.

Note: A registrant can renew an expired domain name at no extra cost up to day 18. If they renew an expired domain name anytime between day 19 and day 42, they must also pay an $80.00 redemption fee. The domain name might not be available for renewal after day 42.​

Hence if its an expired domain then you need to wait up to day 43 after expiry for the domain to be released to your account.

 

[VNA]

Whenever I have won domains at GD auctions, I have received the domains on the 5th day after making the payment. But I have read that depending on the payment method used, Godaddy holds the payment for 5 - 10 days for authentication before sending the domain to your account.

 

[N-A]

Whenever I have won domains at GD auctions, I have received the domains on the 5th day after making the payment. But I have read that depending on the payment method used, Godaddy holds the payment for 5 - 10 days for authentication before sending the domain to your account.

GoDaddy will do whatever they have to do to ensure they get their money before anything happens. Even trusted members are held to the highest standards. I suppose this is fair, as they help you save $13 per registration.

@hn that is good information for finding expiring domain names and hand registering them after the drop to save money. It does apply to auctions, though not so much in the context how the question was asked.

Thanks,
-David

 

[vivaldi]

About this, you pay renewal fee right when you win the auction, or am I missing something?

 

[N-A]

About this, you pay renewal fee right when you win the auction, or am I missing something?

Yes, if you win the auction. You pay what it ends at plus the full renewal fee to add a year to the expiration date. I have never had a coupon that worked for an auction renewal (even when GoDaddy had renewal coupons).