BIN purchases at godaddy (3.Viewing)

rlm · Jan 9, 2022

I bought a .ca domain yesterday at a BIN price in the low $xxxx on godaddy, and paid by CC. The domain was already registered at Godaddy so it should just be a push into my account, I kinda hoped it would be fast.

I don't usually mess with Godaddy much, so I'm not really sure how their systems work. Does the owner have a chance to renege on a BIN sale?

Also, does anyone know how long it typically takes for Godaddy to actually put the domain in my account, keeping in mind its a push, not a transfer?

Thanks!

DomainRecap · Jan 9, 2022

I think in cases of a push (rather than a transfer, where GD does it automatically), the domain owner needs to initiate the transfer, as least it used to be that way when I did it years ago.

Again, this could be old info, but definitely get ahold of GoDaddy to make sure.

MapleDots · Jan 9, 2022

From my experience it depends on the domain owner who has to authorize, I have seen it take 3 days to get a domain keeping me on pins and needles.

Really it should be automatic, I list, you buy, it fast transfers out.
Both parties have an agreement, what more do we need?

rlm · Jan 9, 2022

MapleDots said:
From my experience it depends on the domain owner who has to authorize, I have seen it take 3 days to get a domain keeping me on pins and needles.

Really it should be automatic, I list, you buy, it fast transfers out.
Both parties have an agreement, what more do we need?

I tend to agree. But then again, if they were my domains I'd want to have some oversight as well. What if your godaddy account got hacked, they lowered your prices to $100 for a $10,000+ domains, then paid for them all to make it look legitimate and voila, your domains are gone and they have a legit looking receipt of sale. They could even claim they weren't the hacker, they just happened to notice the bargain and legitimately bought the domains. Kind of a scary situation. I know its a stretch, but I guess I get it that there should be checks and balances by the owner. But I also hope they're not going to renege on the deal either....

DomainRecap · Jan 9, 2022

rlm said:
I tend to agree. But then again, if they were my domains I'd want to have some oversight as well. What if your godaddy account got hacked, they lowered your prices to $100 for a $10,000+ domains, then paid for them all to make it look legitimate and voila, your domains are gone and they have a legit looking receipt of sale. They could even claim they weren't the hacker, they just happened to notice the bargain and legitimately bought the domains. Kind of a scary situation.

This is why, unless I know the person, I only spend significant money on transferrable domains and then transfer them far, far, far away from the originating registrar. Too many horror stories of GD (and others) taking back domains due to scams like this, as well as the old "buy a ton of expired domains on stolen credit cards, sell them cheap as pushes, then run!" trick.

Esdiel · Jan 9, 2022

I could be wrong but I thought if a domain is held at godaddy and sells at godaddy, then godaddy takes control of the domain and takes care of everything (for a push). And because of that the seller can’t renege since it’s in godaddys control at that point.

I believe it’s all done automatically, but not necessarily immediately. Maybe 2-3 days minimum to complete the transaction, 5 days max, if the buyer pays right away. As a buyer you should have the domain in 2-3 days I’d imagine, and the seller needs to wait maybe a day or two longer for the funds to be officially released to them.

I definitely don’t think you have any reason to worry if you paid already and the domain is already at GD. Just give it a day or two.

rlm · Jan 9, 2022