- Impact
- 200
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.
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.
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