Will Not Use DropCatch.com

[DomainVP]

As many of you know, DropCatch.com will catch a domain that has been backordered, and opens the auction open to the public. Great for them, terrible for being a domainer.

There was an auction for a name, which I have a steady buyer for in that niche. Max I have ever paid for a name in that niche was $150, and I easily sold for $1k+.

There was only myself and another domainer that placed a pre order. Over the next 3 days four more bidders came to the table, and the auction quickly went from the initial backorder price to well over $700 USD.

The only bidders were myself, and a 3rd party who did not backorder the domain, but who came along in the final 36 hours.

The profit margin & risk no longer made sense to compete on the name, so I was out.

If this is the evolution of dropcatching, you better get your names where you can and hold on tight. I never thought I would find myself saying, "I wish NameJet caught that one."

My only consolation is that I cost another party hundreds of dollars, that went to DropCatch of course...

Good for DropCatch, bad for us all. Just something to consider when ordering names.

What are your thoughts?

 

[Name Trader]

On average domainers backorder around 30 domains daily at Dropcatch. Does anyone know how many domains Dropcatch actually catches in total everyday including the ones for Huge Domains. I heard it was around 300-500 per day but don't know for sure.

If you are judging that by the number of auctions, then 30 is probably a low number because it doesn't include all those domains with a single backorder on them.

 

[Layi]

As for me i feel if two or more people back ordered a domain then if there should be an auction then it should be between those people that backordered it not someone who see it listed on there platform IMO