Epik Escrow

Possible (Domain) Lawbreaker?

Located in Domain Beginners started by Lewstar, Mar 15, 2019 at 10:10 PM.

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  1. Lewstar

    Lewstar Established Member ★★★★★★★★★★

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    l keep reading on NP how members look for profitable domain names among lists of expired names.

    I mention this fact because recently l didn’t renew a domain name l owned. But the emphasis on expired domain names got me to thinking if perhaps l should re-purchase this domain name.

    I checked, and it is available, and if, allowable, I’m wondering if l could buy this domain name at NsmeSilo for a price half as much as it would have cost me to renew this domain name.

    However, I’m guessing l would not be allowed to re-acquire a domain l just let expire. If so, l would let expire the few names l bought at NetSol for a buck but would need to pay $37 to renew—and buy much them back much cheaper at a registrar like NameSilo; doing so it seems would be an unethical practice but illegal as well.

    Thanking you proactive members (or member) who provide me—and no doubt other NP members—with free and valuable advice!

    Lew
     
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  2. forge

    forge gof orth VIP

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    Nothing unethical and certainly not "illegal" about reacquiring a dropped, available domain that you owned previously. If the name was poor enough to not be "caught" and/or auctioned, why would anyone care?

    Further, a registrar isn't going to give a toot whether you re-register a name at a discount elsewhere.
     
    Last edited: Mar 15, 2019 at 10:30 PM
  3. Lewstar

    Lewstar Established Member ★★★★★★★★★★

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    Thanks, kind sir.
     
  4. cooljub

    cooljub Established Member

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    Just initiate a transfer at namesilo if you have an account there.
     
  5. Domains - Wanted

    Domains - Wanted Top Member VIP

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    Okay, here's my Renewal vs. Transfer Primer or "How not to lose your domain by letting it expire and not being able to re-register later when someone else snaps it up"...

    Renewing a domain in place is always the most expensive option, the few exceptions being Epik, Namesilo, Dynadot and a few others. Registrars count on people to be lazy or lack the knowledge about renewing via transfer to another registrar.

    On the other hand, they are keen on gaining new clients, so transfer pricing (at the gaining registrar, where you initiate and pay for the transfer) is usually lower than renewals or even new regs there. Hence renewing by doing a transfer to another registrar is your best option, price wise, but a bit of a hassle.

    When availing yourself of this option, it's a good idea to check what you are getting yourself into. The best transfer promo on the market currently is at UK's LCN at £5 (US$6.50). However, renewals there are a whopping $18!

    Transfering to Epik, on the other hand, will set you back two bucks more than LCN, but renewals in place there in the following years will cost you the same: $8.49.

    Another good thing to check is what is the gaining registrar's renewal grace period policy (how many days past domain's expiry date you can still renew at their regular pricing). LCN gives you 29 days to renew or transfer out past expiry. Dynadot gives you 40 days to renew, but they surcharge a whopping $10 extra past 30 days. NameSilo gives 30 days. Many registrars, Epik for one, give you only 15 days past expiry to renew. After which, the domain goes into Redemption Period, when the forgetfull, or the undecided, can still snap it back for another 30 days, but at a whopping $60 - $200 "Reinstatement Fee".
     
    Last edited: Mar 15, 2019 at 11:50 PM
  6. EbookLover

    EbookLover Top Member VIP ★★★★★★★★★★

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    There is nothing illegal about being frugal, saving money or getting the best deal you can find. Not in the USA anyhow. It may be illegal in other countries and localities.

    Unethical? Well, in this case that would depend on one's personal constitution. With my personal constitution, it does not compute as unethical. But with yours, maybe different.
     
  7. bmugford

    bmugford www.DataCube.com PRO ICA Member VIP ★★★★★★★★★★

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    Re-registering a domain you let expire is perfectly legal, and reasonable.

    This is a function of basic free market principles. Netsol is well outside the standard price ranges for renewing most extensions. That is their decision, but when you are charging say $10 vs $35 to renew a domain, you can expect to lose a lot of future business.

    I would argue what is far more unethical is these registrars placing themselves in the role of middle man, to profit from selling expired domains (pre-release) that they had no role in creating. That is not how the expiration process was designed to work.

    You can just transfer them now if you want, and don't need to wait for them to expire.
    When you transfer them an extra year is added to the registration.

    Brad
     
    Last edited: Mar 17, 2019 at 2:56 AM
  8. forge

    forge gof orth VIP

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    Absolutely and unquestionably.
     

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