news Namecheap Auctions: Two Upcoming Steps to End Domain Auction Shill Bids

[News]

Domain auctions at Namecheap attract a lot of bidders; as a popular domain registrar, its expired domain auctions represent native registrations that expired.
The auctions can attract a lot of deadbeat bidders, who end up winning but not paying. Until now, the 2nd place bidder had the opportunity to step in and pay for the auction but that creates an obvious problem: The non-paying winner drove the auction’s price up, affecting everyone.

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[Samer]

Crazy part: I didnt even know NameCheap had auctions!

 

[900Worldwide]

I share the same thoughts, When did they get an auction house?