Snaps Names Costs Update
Can you afford not to renew, or bulk renew? Domain investors should check themselves because backorders have just gone to nigh $70 bucks. I advise domainers with specific names to keep in the feeder to set up a special funding channel through a Paypal or business credit card that can renew or bulk renew items at your registrar and save these costly fees.
Save a little cash and prepay renewals or make sure your tickler file is updated and all administrative contacts for each domain as recorded in the WHOIS and domain name registrar account properly. Unlike some domainers, I think $69 is too much to pay and a little elbow grease in the registrar name account should save about fifty dollars off this when organized prudently.
On February 15, SnapNames will raise the starting bid for backorders for all deleting domain names from $59 to $69. This starting bid increase applies only to orders for names that are deleted from their respective registries (not the expiring or privately held names listed from registrar partners or sellers).
This change applies exclusively to new orders—any previously placed deleting domain name backorders will be grandfathered in and remain at a starting bid amount of $59; thus, $59 will be the opening bid if the name enters our system. (Note, if you are the only bidder in this scenario, like today you will be the buyer at $59. If another party backorders the same name after February 15, that party’s opening bid will be at $69 and the system will alert you to raise your bid if you so elect.)
As is the case today, all non-deleting domain names will enter our system at the starting bid price specified by the listing party. Opening bids for those names will stay at the amounts originally set.
There is no change to auction procedures. If there is only one bidder for a name at the time of its availability, the name will be awarded to that bidder. For names with more than one interested party, the names will go to auction and the highest bid at or above the starting bid amount will prevail.
Questions can be directed to the SnapNames support team:
E-mail: support@snapnames.com
Web: http://support.oversee.net/login.php
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