Encouraging message from GoDaddy

Nice to see they are going to take action against Non paying bidders.

Thanks

-Omar

and imagine if you would have released the name without waiting.. could have been a disaster.

Namecheap has a slightly better, but still awful, marketplace. I routinely get pretty decent offers on domains I have in Namecheap's marketplace. The problem? Namecheap cannot enforce payment at all. And once a buyer makes an offer.. and the seller accepts.. the domain is then "locked" for future offers / selling in the marketplace.. until you manually contact Namecheap support and ask 5 or 6 times that they unlock it. I swear, I have never had them unlock it the first time I request it.. always takes multiple chats and requests. Completely stupid system.. and for a big company like Namecheap.. they should do better. Same with GoDaddy. Flippa is too damn expensive. Sedo sucks too (interface, expensive, etc.). Somebody should create a fair marketplace that works. NamePros marketplace is the best thing I've seen. But it's just a sub-forum. But still seems to work pretty good.

I don't know that namecheap has its own marketplace...
just checked it out... looking quite weird... no advance filters...

Glad to see they will start doing something to the non-payers. I still don't think it's enough to make non-responding buyers pay all the time, but it will definitely help!

FPForum said:

Glad to see they will start doing something to the non-payers. I still don't think it's enough to make non-responding buyers pay all the time, but it will definitely help!

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Yes it is a good start; and eventually all of the non payers will be banned. When bidders get to know that they might be banned, they may start to behave themselves because one day there will be a name they really want (at the right price) and they won't be able to get it.

Regards

Ralph.

this is very irritating even they should get black listed on every domain auction site

Godaddy did the same to one of my non paying bidder but time was wasted.

I had the same problem at flippa and the bidder was suspended

this happens more times than i cant think of. I frequently receive offers for domains which i accept and never hear back from the buyer. Is a waste of time and is BULL

I thought Godaddy can charge the payment automatically from Buyer's CreditCard/Paypal Godaddy account that he/she has added for domain purchasing. Wasn't that the case earlier as I remember?

JamesCrew said:

I thought Godaddy can charge the payment automatically from Buyer's CreditCard/Paypal Godaddy account that he/she has added for domain purchasing. Wasn't that the case earlier as I remember?

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I think you are right; but GoDaddy said that they were unable to get the payment in this case. Perhaps the bidder changed or cancelled his payment method with GoDaddy. That could be why they were banned and not just warned.

Regards

Ralph.

One of my best domain has recevied an offer at $50k since last Thursday, I accepted it but it shows "Pending Buyer Purchase". For transactions are over $5k, they will be processed by Escrow.com, I have never had this experience and hopefully it will have a happy ending

Sinh said:

One of my best domain has recevied an offer at $50k since last Thursday, I accepted it but it shows "Pending Buyer Purchase". For transactions are over $5k, they will be processed by Escrow.com, I have never had this experience and hopefully it will have a happy ending

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wow, that sure would be a huge sale... I dream of getting one of those lol

rivey001 said:

wow, that sure would be a huge sale... I dream of getting one of those lol

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Yes, if it is not a non paying bidder.

Sinh said:

Yes, if it is not a non paying bidder.

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Keep us posted.

rivey001 said:

Keep us posted.

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Yes but I don't have much hope on this, as people said above, the buyer easily back out.