According to a domainer complaining over at DNForum about a sales reversal at GoDaddy, there’s something fishy going on at GoDaddy’s premium domains marketplace.
The domain owner sold a domain through the so-called GoDaddy premium domain auctions.
The seller was waiting for the funds to hit his account, while the buyer took control of the domain and its traffic.
Five days later, GoDaddy reversed the transaction and canceled the sale, thus never sending any funds to the seller who simply regained control of the domain – all this without any warning or explanation.
This situation reeks of an attempt to obtain a valuable, high traffic domain for several days and test it out; sampling or even exploiting its traffic.
Apparently this happens often at GoDaddy’s premium domains marketplace – it’s probably a new method of domain tasting.
Whether this is an organized attempt to profit from other people’s domains via this loophole waits to be seen, in the meantime Sedo seems to be the best choice with regards to selling off domains to the general public.
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If this is true then that’s very bad. But, if the buyer was the one responsible for this and perhaps took advantage of some loophole, then it’s GoDaddy’s duty to cover up that loophole. If I was the seller, I would try to get a public response from GoDaddy in their own forum or some other forum where they answer queries.
Talking of nursing instincts, I thought why isn’t there a company called GoMommy.com? Turns out, GoDaddy owns that 😀
Sedo may be good if you are selling a .com but anything else seems to be now put to the end of the que ? as a .tv owner can’t say i like this new format to sell names , first i have heard of this regarding premium names, also heard you do not receive and email if premium name, its up to you to check each day ? for 30% call me crazy but i do expect to be notified of a sale
As an employee of said company, I can tell you that reversals and refunds on premium domains are very rare. I haven’t personally seen it happen at all. I know that it’s one of the few things that representatives count on to never refund. Refunds affect the bonuses of employees.
This isn’t an official statement and I’m not claiming to be a representative, but I know how things work at the company and there’s really nothing shady going on at all. Pretty much every crazy complaint I’ve ever seen online about the company was either a misunderstanding of how things work by the person complaining or else they were problems that could’ve been solved with a phone call.
insider – the fact remains that a premium domain sale was reversed as described, after the buyer parked and tested the domain. That’s an interesting case of domain tasting.