Questions about domain backordering

[CzErvin]

I would really like to put my hands on a domain which is about to register. A month ago I did the silly mistake to trust godaddy with the backordering but after I have done some research I have realized that I have done nothing.

The domain that I want to acquire is currently registered with EASYDNS TECHNOLOGIES, INC. (easydns.com) and is going into PendingDelete state in a few days. I have checked and the .co, .net extensions are both taken, however there is no active website on them. I could say that the domain is not of extraordinary value (two dictionary words for a medium popularity keyword), although it could really benefit a project of mine.

I have read lots of articles about backordering and everyone seems to suggest Pool, Snapnames and Namejet.

The total cost of having all 3 chase the domain for me is about $180-$200 which seems to be fair.

My question is:
Will they charge me or put the amount on hold on my credit card? Say, if I had just $70 on the card would I be able to have a backorder at each service? (I am asking this because thanks to GoDaddy I hardly trust registrars with money ...)

Should I know anything else before I enter the world of "backorders"? I plan to snatch up another name in february so I could use some advice from those who do this on a high scale.

I appreciate your guidance.

 

[RazorNF]

You only get charged if they capture the domain for you, or if you win the auction should there be multiple bidders.

With that said It's been so long since I first created my accounts at these sites, but I believe you always have to have a valid credit card in their respective systems to participate in their auctions.

Pool DOES place a preauth according to this
http://help.pool.com/knowledgebase/articles/125800-what-is-a-pre-authorization-

Not sure about the others.

 

[noor100]

There's no cost to place a backorder. If the domain becomes available, they try to get it for you. If they get it, that's when you get charged.

 

[NameOmnia]

Just keep in mind that Snapnames ( and Moniker consequently ) haven't a nice reputation around. They have the worst support in the history of internet..so pay attention