Who Knows The Answer?

[WordWalker]

Whoever thought it was reasonable to allow a registrar to put an expired domain name up for auction without sharing ANY of the proceeds with the owner of the domain name - you know, the one who initially registered and paid for the domain name? To create such functionality would be a no-brainer:

Example of Language That Could Be Added to Domain Registration Terms & Conditions

A.

In the event I do not renew this domain name within ______ days of expiration, I opt to automatically place this domain for sale with the minimum asking price of $______________. Proceeds from this sale are to be deposited into the following PayPal account: #____________________.

or

B.

In the event this domain is not renewed within _____________ of expiration, the registrar is entitled to sell it and keep 100% of the proceeds.

As far as "A" goes, maybe the registrar gets a 10% or 15% commission for handling the transaction. Fair enough.

If presented with the choice, which one would you choose? A or B ?

For comparison purposes, ask a broker what happens when a client's stock options expire in the money.

 

[equity78]

It is funny a good friend was telling me he offered a name for $50, then lowered it to $20 and then $5 no sale. Goes to Namejet Fabulous sends him $60 it went for $100. Proving my people just love expiring auctions theory paying 20x what the seller originally wanted.

Pm sent Mike did not know you had to opt in. Thank you, you are the best guy in the registration biz IMO.

 

[Mike Robertson]

Thanks for the note equity78. Just replied to your PM.

Cheers,

Mike
Fabulous.com

 

[christensen]

we can't change it, through it's obviously unfair