Redemption Period

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Castlemelody

Established Member
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Greetings!

Can anyone fully explain here in simple terms what redemption period is?

I noticed that when one of our domains expires in Stargate, it is automatically put into Redemption period where we have to redeem it for $119.95! However, when one of our domains expire over Godaddy, we can still renew it for the same price for a period of 10 days or so. What's the rule on this as I don't understand why Stargate does it.

When we have funds we may decide to transfer all our domain names over Godaddy or other registrar.

Thank you very much!

:)
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
AfternicAfternic
The rule is that it is up to the registrar. eNom has a policy similar to GD. I left Stargate back when they stopped offering free forwarding services. Glad that I never looked back. BTW, they cheated me out of referrals also.
 
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Man 120 bucks, thats crazy.
 
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Yes, approximately $120 for the Redemption fees. And we had experienced more than once!

I will be presenting to our Board a possible move out of Stargate. We used them since their domain registration was cheaper that time ($7.95 I think). But, this redemption fees is too much. And not all the time credit card is available to renew. Aargh. Looking back at our Financial Statements this redemption fee eats a significant portion of our budget.

We don't have any problem at all with Stargate, just only this redemption fee. Well, I guess it is really up to them. It is their policy. I have appealed to them many times their redemption policy, but they just don't listen. They are good. But, we can't sustain them that long.

Take care!

:)
 
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Basically, it is their ridiculous markup. They use the fact that if the domain is good, and you just forgot about it, you will do anything to reclaim it. While other registrars stay fair with their renewal pricing, Stargate decided to do this.
 
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Hi Castlemelody!

This link will explain & give a visual on how the
current domain registration & deletion process
works:

https://www.snapnames.com/partners/snapnames/deleteprocess.html

There are 2 parties involved in domain registration
& management, the registrar (where you get
the domain name & manage it) and the registry
(the authoritative entity that keeps records
of domain registrations).

Back then (maybe until now but not as often),
it is up to the domain registrar to determine
when they will delete the domain name from
their database. It could take anywhere from
weeks to months to even more than a year
before they get around to actually deleting it.

Once deleted, the ball is transferred to the court
of the registry. Once there, it took anywhere from
5-6 before it became available.

The tough part in this whole process, back then,
is how soon the registrar will release it. With
the new process, ideally the domain name will
be with the registrar from 1-45 days, then they
release it to the registry.

The registry will set 2 domain status depending
on the cycle: it stays on what is referred to as
"redemption period" for 30 days, then "pending
delete" for 5-6 days.

Redemption period will allow a registrar to get
it back before the registry sets it to become
available to the general public but at a higher
cost than the average renewal/registration
rates. But there are 3 limitations to this:

1. Only the registrar where the domain was last
registered can "redeem" it or get it back. No one
else is allowed to do so.

2. The registrar can redeem it and put it back
only on the last account it was registered in. It
will not be placed in a new account or another
one.

3. The registrar the domain was last registered
with will set the price.

Depending on Stargate's billing cycle, it'll keep
the domain for as long as they can (or will) 'til
they decide to delete it from their database.
While it's with them, you can still renew it at
their current rates.

Once they let go it of it, however, it goes to the
registry and that's when you have to pay SG's
redemption rate...but only IF you desperately
need the domain name back at the soonest
possible time.

While the redemption rate seems unreasonable,
note that this option was not available. Now
we have another option...another chance to
get the domain back before someone else gets
it.

Better yet, there's "ideally" a set time period,
so no more guesswork.

Of course, it depends on what side of the fence
you choose to be in. But I hope the info above
clarifies and answers your question.

Anyway, feel free to post if you need more info
or just wanna comment. :hi:
 
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