Sav Official Thread

[Nick R]

Hello NamePros community! We are creating a single thread where we can share announcements in, talk about product updates, people can ask questions and host a great discussion on all things domains!

 

[Nick R]

@CraftNames - All we are able to say publicly is what we have already posted and quoted in this thread.

 

[CraftNames]

@CraftNames - All we are able to say publicly is what we have already posted and quoted in this thread.

Lol is it a legal matter now or something?

Yes, bidders can bid whatever they value the domain, but when the auction gets cancelled and restarted (multiple times!), those sellers wont necessarily have the same audience of buyers after this deadbeat scares away the potential bidders. Its certainly left an awful taste in my mouth.

This guy is having a blast this morning - all of these auctions will end up getting cancelled and restarted.

 

[Nick R]

@CraftNames - If they do get cancelled and restarted that will give all bidders the option to reevaluate the domain and place new bids. In a scenario like this, we believe this is the fairest approach for all bidders.

 

[CraftNames]

@CraftNames - If they do get cancelled and restarted that will give all bidders the option to reevaluate the domain and place new bids. In a scenario like this, we believe this is the fairest approach for all bidders.

And the sellers lose.

Cancelling my auctions and wont be listing or bidding again until this is fixed.

 

[CraftNames]

@CraftNames - If they do

Lol @ "if"

 

[Josytal]

Today, I participated in a couple of auctions. Strange, just in the middle of the auctions, SAV pre-authorized for itself certain amount in my PayPal account, indicating non-existing transaction IDs. Multiple times. Now that I did not win neither of the two auctions, may I ask you to return the blocked funds. You're abusing privilege and trust. Henceforth, I'm revoking the rights - even if that means cancelling my account with you.

 

[NYK]

The time to process preauth voids depends on your bank. Typically in the US its 1-2 business days but can be longer in other countries. Im fairly sure that with PayPal its almost instant.

@Nick R - pls check your inbox, urgent, need assistance, thanks

 

[Nick R]

@Josytal - All pre-auths are voided when the auction ends or if you raise your bid. We will see about voiding pre-auths when you get outbid in a coming sprint. We do try to make this process really clear by mentioning it on every bid confirmation screen now:

@NYK - I just replied.

 

[Amino]

Please add a "reserve" feature to the auction so we don't lose our money

 

[Josytal]

@Josytal -
All pre-auths are voided when the auction ends
[/USER]

Thanks.
And how long does it take to void pre-auths after auction ends?

P.S.
Too many, too glaring shill bidders on your auction platform. Please do something about it. For example, look at this : https://www.sav.com/auctions/details/595178/metalobby.xyz

 

[Ariff BD]

Yes I think every one should give a penalty of at least 50$ if he misses to pay.
But if that j_x_942e4f never pays, why is not he blocked yet?
by the way- after my post in sav- trek.xyz auction has been restarted.
Thanks

 

[shaikh555]

Dear @Nick R
Dear Nick Sir
As you know my domain metapros.io auction end today at $6550, but last bid is if fake bidder j_x_942e4f
As he will not pay his winning bid amount as per previous record kindly restart my domain metapros.io auction today. Thanks.
I also attach screenshot of mail I send today

 

[shaikh555]

Dear @Nick R
Dear Nick Sir
As you know my domain metapros.io auction end today at $6550, but last bid is if fake bidder j_x_942e4f
As he will not pay his winning bid amount as per previous record kindly restart my domain metapros.io auction today. Thanks.
I also attach screenshot of mail I send today

@Nick R

Kindly restart auction of my domain metapros.io earliest, as
j_x_942e4f not pay his winning domain amount and you are on holidays on Thursday and Friday, kindly restart my domain auction today. Thanks.

 

[Akbar]

Thanks.
And how long does it take to void pre-auths after auction ends?

P.S.
Too many, too glaring shill bidders on your auction platform. Please do something about it. For example, look at this : https://www.sav.com/auctions/details/595178/metalobby.xyz

I got a message from support today that they have banned the user j_x_942e4f

But I don't think they have an option to remove his proxy bids, I still see his proxy bids activating...

Please don't waste your time on an auction if you see this user j_x_942e4f

But he is banned and he cannot bid on new auctions anymore...

 

[Traderas]

I think the most important for Sav is to allow users to use the available money balance they have, to participate in the auctions. Right now I have 500$ in my Sav account, and I can’t use it to bid anything. I also had money in my card, but yesterday I participated in some auctions (that I did not win), without knowing the new rules and now you blocked all my money… So the outcome is that although I have money in both my Sav account and my credit card, I am not able to participate in the auctions. I believe that is wrong and illogical…

 

[Anton Naydenov]

@Traderas As I told @Nick R yesterday pre-authorizations will affect mainly legitimate bidders. The new rules will only lead to reducing bids in auctions, because most bidders won’t have the funds to participate in auctions. Huge amounts will be blocked in bidders’ cards for days. Sav auctions will quickly turn into what they used to be a year (or so) ago - auctions reserved for millionaires only. Small bidders will be quickly defeated, simply because they won’t be able to afford participating in auctions. I really hope that Sav will reconsider their decision and that they will adjust the system to be less discriminatory.

Just to make it clear - the new rules are beneficial for me, because I can buy cheaper now when I meet less competition. But I am speaking on behalf of other people. It’s not fair to them.

 

[Akbar]

I always wanted to ask, this is just a generic question to the community here...

Do people who bid (especially on XYZ extension) actually check the current renewal price? I've seen quite a lot of xyz auctions right now have a $200 to $2,500+ renewal per year and I also see quite a lot of bidders on those auctions... you can find 3 such auctions on the auctions page itself (1st page)

So, people who are bidding are real? anyone can bid up to $1000 without pre-auth and I am starting to believe this is something the seller itself shill bidding...???

@Nick R - I think there should be some sort of verification for the users below the $1000 bid limit??

1) Verifying phone on each bid?
2) KYC?
etc?

 

[Anton Naydenov]

@Akbarrr Most people who bid on premium names do realize their renewal fees are higher yes. And they don’t mind because quality of names is also much much higher, compared to names with standard renewals. Scroll back through the thread and you will find my post where I actually explained why buying one good name (with premium renewal) is better than buying 100 shitty names (with standard renewals). Simply because ROI is much better, and sales are more probable. .xyz are not the only premium names traded on Sav. Most good .co are also premium names. I personally prefer to buy a few names but with higher quality instead of buying thousands of names only because they’re cheap. Matter of budget and good planning. Have you heard the saying “The cheap is often expensive“? I prefer to own 1 name that everybody wants, not 1000 names that nobody wants. Which one do you think is smarter - to renew 1 good name for $200, or to renew 20 bad names for $200? I will deff choose the first one.

 

[Traderas]

Also I wanted to ask, what is the reason for a name you won in the auction, not to appear in your account? It’s been more than 24 hours till I got the confirmation email that I won and I can’t see the domain anywhere, although the money were withdrawn from my card.

 

[Akbar]

Also I wanted to ask, what is the reason for a name you won in the auction, not to appear in your account? It’s been more than 24 hours till I got the confirmation email that I won and I can’t see the domain anywhere, although the money were withdrawn from my card.

If the domain name you won is currently registered at Sav then the transfer process is pretty much instant. If the domain is registered somewhere else then it solely depends on the seller to transfer it to you.