SnapNames Now Powers the Drop on NameJet

[Arca]

Just received this email from SnapNames:

To our valued customers,

We are happy to announce a new partnership with NameJet on Pending Delete auctions - SnapNames will now be powering the Drop for NameJet!

So how does this affect you? Since both companies will be integrated for Pending Delete inventory, you no longer have to place a backorder on both platforms to increase your chances of acquiring the name. Through this partnership, we will be able to combine our efforts - meaning an even higher success rate for acquiring the names you want on the Drop.

The most noticeable change will occur if you enter into any multi-bidder auctions for a name through the Drop, as anyone who placed the order for the name on NameJet will be able to participate through NameJet's platform, and will be fully integrated into the auction.

This partnership will not affect any other inventory, like Expiry, Exclusive Partner Auctions or our monthly Showcase Auctions. To get more information and learn how it affects you as a loyal SnapNames customer, please read our FAQs regarding the partnership.

We are excited to team up with another great aftermarket company like NameJet, and look forward to a successful partnership.

Sincerely,
The SnapNames Team

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What are your thoughts on this integration?

This will obviously drive prices for their drop caught names up higher, since there are more users/bidders @ NameJet, than at SnapNames in general, even though SnapNames tends to catch more names on the drop than NameJet. Still better than the public auctions at DropCatch/Pheenix.

 

[Arca]

More information about the integration from the SnapNames website:

What is the integration between SnapNames and NameJet?
SnapNames will now be offering its drop-catching power to NameJet by partnering up on The Drop. SnapNames will be going after Pending Delete names that have been ordered on NameJet.com

Will this change how I order names on SnapNames?
No, you order on SnapNames.com as you usually do. The only change for SnapNames customers is during bidding.

Do I need to create an account with NameJet?
No, you only need an account on one of these platforms in order to participate in Deleting auctions. If you are a current SnapNames customer, you can participate in the auction on SnapNames.com, and do not have to create a separate account with NameJet.

Do I have to place orders on both SnapNames and NameJet?
On the contrary, you will only have to place your order on SnapNames (or NameJet.) Orders on NameJet will be fulfilled by SnapNames, so you only have to place your order on one of the sites. You will no longer have to place orders on both sites for the same deleting name.

Does this mean I will have to compete with more people for the domains I have backordered?
You will be competing with NameJet customers as well for names, but only deleting inventory. Chances are, these same people would have placed orders on both platforms regardless, so it may not change the number of people who are interested in any particular domain name.

Will this affect how often SnapNames gets names for me on the Drop?
This partnership will actually add even more muscle to SnapNames’s drop-catching capabilities, as we will be utilizing NameJet’s registrars to make our technology even more powerful.

If I go into an auction, will it be with NameJet customers as well?
Yes, the auction will include people who placed an order on either site, so you will all be in the same auction. You will continue to use the platform you placed the order with. So if you placed the order with SnapNames, you only have to bid on SnapNames.com, and it will be integrated with NameJet bidders.

Will I be able to see the bidding activity of NameJet customers?
NameJet bidders will be distinguishable by a uniquely identifiable bidding alias.

Will I be able to see how many bidders there are on any of the names?
You will be able to see all bidder aliases and activity in the bidding history only if you are participating in that specific deleting domain name auction.

Will there be a timing delay because of this?
For the actual bidding during an auction, you will see no delay in bidding activity between platforms. All bids are real-time.

Will this affect all inventory across both platforms?
This integration only affects deleting inventory on The Drop. This does not apply to any expiry names, seller auctions or public auctions.

Full FAQ.

 

[LucidDomains]

This is good for them and bad for us. Expect our auction costs to potentially rise.

 

[DomainGrail]

I guess the question now is whether Namejet would continue its own pre drop-date PUPLIC auctions?

Cause I don’t think any one likes to be into such condition, especially now that we are not obligated to place backorders on both platforms for best chances; Namejet has to adapt.

 

[main]

It's definitely not good for us.

 

[HeyNow]

My viewpoint is that it hurts whatever credibility Namejet had prior. To affiliate one's self with Snapnames, after the massive shill-bidding scandal, seems foolish to me. But most domainers ignore that sort of documented history, considering that cheating is rampant in most parts of the world in which many domainers live, and the shenanigans revealed in the Snapnames scandal is probably par-for-the-course business in many third world countries.

 

[main]

I believe web.com who owns SnapNames already owned 50% of NameJet.

 

[SoundsGood]

"Since both companies will be integrated for Pending Delete inventory, you no longer have to place a backorder on both platforms to increase your chances of acquiring the name." -- This just isn't true. How are you going to keep track of shill bidding if you don't know how many people are in the auction, or whether there was someone on the other site that was in the auction at all? You don't have access to the auction on Namejet to check if you are not in the auction, same with Snapnames. You now have to do more work by checking both sites, and not just the one that won the drop. So many ways to abuse this on their side its ridiculous.

Prices are going to go way up from amount of bidders being pooled. This is just a fact.

The only pro I can see from this from a domainer's point of view is you now get to choose which one of your accounts to win the auction with so your name doesn't land at Network Solutions.

 

[main]

"The only pro I can see from this from a domainer's point of view is you now get to choose which one of your accounts to win the auction with so your name doesn't land at Network Solutions.

It's not like having your domains go to Enom is much better!

 

[main]

And so it has begun! I'm already in the same auctions twice under my NJ and Snap handles.

 

[DomainGrail]

The only pro I can see from this from a domainer's point of view is you now get to choose which one of your accounts to win the auction with so your name doesn't land at Network Solutions.

Even that, you don't know!

You can't know in advance which registrar will catch any given domain. and it's yet to be confirmed whether Enom system is equipped to mange domains from the snapnames "register pool" and vise versa.

 

[SoundsGood]

One thing is for sure, the quality of names caught on all other dropcatchers is about to drop drastically. Namejet and Snapnames know exactly how many resources it takes to grab a name with good probability. Now that they don't have to compete and waste resources on the same name, they can pick up twice as many names with good certainty, leaving the other dropcatchers with crap.

 

[sittingducks]

Bad, bad, very bad. The fewer companies competing the more the customer will pay. It's a bad development.

 

[HuWish]

The more the days rolll buy the tougher the business

 

[SoundsGood]

Hurts the domainer because we're going to be paying more creating a bigger risk. Hurts the end user because their price is going to reflect this risk and higher payment. Less sales because names will go over budgets. Bah... Smart business move by Namejet and Snapnames. Horrible for everyone else.

 

[Nile Patel]

My guess it will be only good for namejet if the name catch by snapnames will move to enom or else disaster for name jet reputation , but wait a minute the owner is web.com who own both entity so for them easy to operate under one branch.
Regarding the price bump up by fake bidding is not that big issue since drop catcher are active everywhere, by merging this two giant do not rise competition but more usefull for us to figure out who is winning and at what prices.
I request namejet manager put some shade on whole new changes since i have seen him active here , where are you jonathan? Or if someone clarify the winning name will continue be moving to enom??

 

[brindle123]

And so it has begun! I'm already in the same auctions twice under my NJ and Snap handles.

So if you use different usernames and emails for each site, could you end up bidding against yourself and not know it?

I'm sure Snap and Namejet wouldn't mind if you did.

 

[dordomai]

Namejet Auctions for Backorders are public so Snapnames backorder are now public too or not?

Wouldn't call that improvement. Dramatic worsening if true.

 

[LucidDomains]

Namejet Auctions for Backorders are public so Snapnames backorder are now public too or not?

Wouldn't call that improvement. Dramatic worsening if true.

No I think they are both private. DropCatch and Pheenix are the public ones.

Unless I'm mistaken.

 

[dordomai]

No I think they are both private. DropCatch and Pheenix are the public ones.

Unless I'm mistaken.

I meant the bids for Pending Deletes are public while Snapnames used not to display them. See here:

http://www.namejet.com/Pages/Auctions/BackorderDetails.aspx?domainname=jskm.com&cat=