How does Snapnames really work...

[wwwweb]

So I see some really good names, like for instance epersonal.com and has 59 bids at $79 price tag, so basically you bid $79 for the right to backorder, along with 59 other people so far... and when the time comes for the domain to drop you go to war to fight for your auction with these 59 other bidders?

What happens to your $79 dollars if you don't win?

 

[mis_chiff]

Have you read this thread?
http://www.namepros.com/domain-name-discussion/621078-halvarez-at-snapnames-auctions-uncovered.html

 

[John Baron]

So I see some really good names, like for instance epersonal.com and has 59 bids at $79 price tag, so basically you bid $79 for the right to backorder, along with 59 other people so far... and when the time comes for the domain to drop you go to war to fight for your auction with these 59 other bidders?

What happens to your $79 dollars if you don't win?

u are not actually being charge for the $79 , thats just the initial bid
if u dont win the auction - so u pay nothing ,

 

[SiberForum]

u are not actually being charge for the $79 , thats just the initial bid
if u dont win the auction - so u pay nothing ,

And will you lose those $79?