Unstoppable Domains โ€” Expired Auctions

TDNAM Offer/Counter-Offer... Bait and Switch Issue

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JamesDavid

www.JamesDavid.comEstablished Member
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Here is a short story I would love to hears someone else's experience on as well. I changed the domain and dollar amounts (but they are close) to keep everything private but I am at a loss now for my next steps.

Here is a step by step of what happened.

1. I make an offer for a domain.abc for $333.
2. Buyer counters within the hour at $777, with a note that this is the lowest he would go becuase of how hot domain are right now.
3. I decide that I don't want it, there isn't a place to close the transaction so I just leave it. I don't counter again and I don't accept.
(At this point I go and buy another domain, don't ask me why but I was itching to spend some coin that night)
4. Two days later I get an email that my offer of $333 was accepted on domain.abc.
5. I call GoDaddy but its late on a Friday, guy on phone says that once someone counters than they decline the initial offer. So it shouldn't even allow him to accept it. Tells me to email auctions at GODaddy, so I do.
6. Auctions at GoDaddy repsond that I am bound to my offer for 7 days regardless and not paying would be breaking the terms and my account would be terminated accordingly.

First off, how can they allow an offer to just sit after someone has countered? That isn't right for the buyer.

Secondly, has anyone experienced this and are willing to lend some advice. I don't want to lose my auctions account BUT this seems extremely shady from a business standpoint.

I have 200 names at GoDaddy, for the last 7 years., shows how much they appreciate my business.
 
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I had similar issue with Afternic.com

Offered for a domain and the seller counter offered with a higher price and I didn't like the offer so I just ignored it. After couple of days I get an e-mail saying my initial offer has been accepted. I ended up paying them since I wanted the domain for a site.
 
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I guess all the offers we make are valid for 7 days. Even if the counter offer is not accepted, we are liable to pay the first offer if the buyer accepts it. I guess you have no other go than to pay and take in the name. I have seen that option when I get offers in GD. Even after the counter offer is placed we can still accept the first offer in 7 days.
 
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