What happens when you do not checkout for a TDNAM expired domain auction?

[lzy]

Just curious. I forgot to checkout for a name I won at TDNAM during the $5 firesale period and I lost that name to someone else who didn't forget.

How about names which end up like $1,000? What happens if you won the name but forget to checkout to make payment?

Will it be up for auction again or?

 

[Albert]

Will you get a ban from GoDaddy for no paying the domain name?

 

[canswift]

Several times I have put a TDNAM $5 firesale domain into a cart and then changed my mind and hit the Back button. Nothing happens, but the domain does show apparently one bid when it goes back to firesale. I would occasionally see a $5 domain with one bid showing, but the domain still available, which used to puzzle me until I realized what happened to a firesale "change of heart".

If you bid on a domain during regular TDNAM auction, you have two days to pay for it by checkout. After 24 hours you will receive a Reminder email, and after 48 hours a stronger Reminder. I don't know what happens after that as I have always paid for domains I bid on.

However, I have also lost domains I was bidding on at TDNAM auction only to receive a call about a week later from TDNAM offering me the domain for my previous final bid price. This has been because the "winning" bidder had not completed the sale.

 

[soggyindo]

i'm pretty sure godaddy threaten to close your account. i imagine if it happens more than a couple of times.

 

[Name Trader]

Just curious. I forgot to checkout for a name I won at TDNAM during the $5 firesale period and I lost that name to someone else who didn't forget.

How about names which end up like $1,000? What happens if you won the name but forget to checkout to make payment?

Will it be up for auction again or?

In my experience if you don't checkout a firesale auction, it still shows as an available auction with 1 bid on it. Anyone else can still buy the domain at the firesale price if they checkout.

If you win a regular auction and don't pay for it, you get harangued by TDNAM. If it's still unpaid after 4 days, they disable your ability to make any further bids.

 

[lzy]

Thanks for the info guys.

But I'm just wondering what will happen to the name if the original winner is unable to pay up? What will happen to the name?

Drop? Re-auctioned?

 

[canswift]

Thanks for the info guys.

But I'm just wondering what will happen to the name if the original winner is unable to pay up? What will happen to the name?

Drop? Re-auctioned?

See my earlier post above. It's only happened to me once, but I assume it's pretty standard. I was phoned by TDNAM as the losing bidder and offered the domain. The name did not go back to re-auction as I took it.

Not sure what would have happened if I didn't take it at that point.

 

[Sleepys]

Often times Godaddy will attempt to automatically debit the credit card on file or the credit card that was last used. If this does not work and the person does not pay, they do sometimes ask the next bidder. If that does not work, it is supposed to drop. At which point whoever has the best drop catching software will probably get it. You will get banned if from TDNAM (maybe godaddy also?) if this happens more than a couple of times.

 

[Name Trader]

It can't happen more than once because they disable your ability to place bids after 4 days of non-payment.

 

[Seabass]

It can't happen more than once because they disable your ability to place bids after 4 days of non-payment.

That's interesting about the four day mark..... makes sense.

Every time I forgot to call my rep. they just ran the card and charged it, but you don't get the domain reg price of $7.38, but instead $10.19, I believe. They will attempt to run the card the third day if you did not already call in and pay for it.

I have won domains four times b/c the other party did not pay up. One time I bid on a domain all the way up to $650 and the other party did not pay up and Godaddy offered it to me for $22, my first bid against the other party. That was a great day.

 

[lzy]

One time I bid on a domain all the way up to $650 and the other party did not pay up and Godaddy offered it to me for $22, my first bid against the other party. That was a great day.

Wow! Why doesn't that happen to me all the time! :lol:

 

[Seabass]

I bid against someone the other day for secretsoftherich,com up to, I forget, $500 or $600 and I stopped. I then got an offer to buy it for $115 and after the original winner did not pay up - I decided to pass. I am assuming that after I passed for $115, the third bidder in the auction, in which I think there was one, got an offer to buy the domain for less than what I had bid.

Nice domain ..... maybe should have bought it. :bah:

 

[DotWeekly]

This is clearly a flaw in TDNAM's, NameJet and Pool's auction systems.

Buyer 1 doesn't pay... Offer it to the second highest bidder, 2nd highest bidder doesn't pay... offer it to the third and down the ladder...

The problem becomes Price! Many times two bidders fight it out at the end which can drive the price of the domain way up. Bidder 3 could of stopped at $100 but the auction closed at $10,000. The real domain value could be $5K but since bidder 3 was the 3rd highest bidder at $100 (due to timing etc) and bidder 1 and 2 were "fakes" bidder 3 get's a $5K domain for $100!

All good if you were bidder #3!

What if bidder 1, 2 & 3 are all really ONE PERSON..... I think you get my point.

 

[NetOctave]

I always first sort TDNAM list by number of bids. This takes me directly to good domain names quickly. Atleast I believe other's choice. If i cannot see anything worth in that, then I proceed to rest