Every website and online business must have a domain name. It can be difficult to register a domain name, especially if the name is already taken. One of the most well-known domain name registrars available is GoDaddy, and they provide an auction option that enables you to place bids on and purchase already registered domain names. We’ll examine the GoDaddy auction service in this article and address some frequently asked queries.
GoDaddy bills the seller a fee for submitting a domain name for auction. Depending on the listing type, the cost might vary from $4.99 to $19.99 per domain. GoDaddy charges a commission fee of 20% of the sale price, with a minimum cost of $15 and a maximum fee of $5,000, if the domain name is sold.
If you place first in an auction, you have three days to pay for the domain name. You’ll receive an invoice from GoDaddy, and you may use a credit card or PayPal to pay for the domain name. GoDaddy will terminate the transaction and you will forfeit your bid if you don’t make the required payment within the given period.
If you were the seller and your domain name didn’t sell, you had the option of relisting it or putting it up for a set price. You can decide whether to keep the domain name for personal use or let it expire.
You must register on GoDaddy’s website in order to place a bid on an auction. You can look for domain names that are being auctioned off once you have an account and submit a bid. Additionally, you may set up automatic bidding, which will let you specify the highest price you’re prepared to spend for a domain name.
You can put your domain name up for auction on GoDaddy if you wish to sell it. You must register for an account on their website and submit your domain name for auction in order to do this. You must pay a listing fee and a commission fee to GoDaddy if you want your domain name to be sold.
In conclusion, those wishing to buy or sell a domain name might consider using GoDaddy auction. Although there are costs associated, the process is rather straightforward, and GoDaddy is a reputable firm in the domain name sector. Just remember to do your homework and establish a budget before putting in a bid for a domain name.
For domain names sold via their platform, GoDaddy Auction charges a commission fee of 20% of the final transaction price.