Namewinner Extended Auction a Ripoff?

[markfromslo]

I almost joined a Namewinner Extended Auction until I read that it costs $50 to enter it and even if you do not win, they still take the $50! I can't think of any other company that works this way. So, if 10 people join an auction, they will make $450 just on those who didn't win!

What a rip!

 

[SimpleDomaining]

i seen that kind of things. its call raffle tickets. usually people use it for collect money for charities.

 

[yandig]

To some people, $50 is next to nothing. It would be like -RJ- charging 50 NP$ to join the NP auctions. It would exclude some, for sure, but it would ensure that those who were there were really serious.

 

[markfromslo]

No, I've got plenty of money and I'm not going to pay $50 to join an auction where only the winner gets the $50 back. If you do Snapnames/Pool/enom type auctions, you know that you very often don't win the auctions, even if you are "serious." The $50 fees would add up.

They are just shooting themselves in the foot being the only one of all the major auction sites that charges in such a way.

To some people, $50 is next to nothing. It would be like -RJ- charging 50 NP$ to join the NP auctions. It would exclude some, for sure, but it would ensure that those who were there were really serious.

 

[Joseph]

Your sig should only be four lines long not 5

 

[markfromslo]

Now that I think about it more, in fairness to them, this $50 is not for their normal auctions. It is for those auctions that are already in progress. $50 will get you into the auction late, something other drop services don't let you do.