Flippa.com, the top domain & web site auction venue geo-located in the land of the jumping kangaroos, has been going from strength to strength into 2013.
Many domain investors that are interested in bidding on Flippa-listed domains and web sites, might be asking this question:
“What happens when the winner of a Flippa auction does not pay, and my bid ended up being second? Do I get the domain automatically?”
Even if the seller lists a domain name without a price reserve – a practice that could end up at a low selling price – there is no such provision for those that bid below the winning bid.
In other words: If for some reason the winning bidder does not come up with the funds for the domain they won in a Flippa auction, the seller decides what to do next.
Being second in a Flippa auction does not automatically allocate the domain to the second highest bidder; the seller can either contact that person if they so desire, or they can relist the domain on Flippa.
Quite often, giving some time to the original winning buyer to come up with the money, is an option as well.
Here are some current domain and web site listings of interest on Flippa.com.
