Dynadot

Now you need to have at least 100$ in your account in order to bid on Namecheap Auctions

Spaceship Spaceship
Watch

Yanosh

Established Member
Impact
1,288
As I always do , I tried checking namecheap marketplace in order to find some domains.

To my surprise I found out that now , in order to Bid on Namecheap auctions , you need to have at least 100$ in your namecheap account.
Until today , like any other registrar , you only needed to pay the 5$ annual subscription fee.

I personally love Namecheap , but I think they should have at least sent an email informing their customers about this.
I also understand the reason behind it : the goal is to stop people from winning auctions and then not paying for the domain. ( Like it happened on Sedo for about half of the LLLL.com domains auction)
The issue is : what about the domain auctions going over 100$ ?
My guess is that in this case they can freeze the funds on your account as a deterrent.
I tried contacting their support and at the begging they knew nothing about this new policy.
After some research they found out it was true : you need to have at least 100$ on your account and you can withdraw the money when you want.
However , they do not refund top-ups by cryptocurrency.

What’s your thoughts about this ?
 
Last edited:
5
•••
The views expressed on this page by users and staff are their own, not those of NamePros.
I wasn't aware of this. Think I've only ever bought 1 name from them (pretty low quality expired stream). I don't remember ever paying 5 dollars membership fee either.

Guess I'll stop looking now. I'd rather let them have my credit card on file.
 
2
•••
Screenshot_20231026_152900_Gmail.jpg


Received today.
 
1
•••
Yep
Me too, couple minutes ago

I also found out that , in order to withdraw your money from your namecheap account you have to go through their support.
You can’t do it by yourself
 
2
•••
I think this for new users and not old account.
 
0
•••
If you redirect your domain to marketplace listing cheapname disable it
 
0
•••
Back