Yanosh
Established Member
- Impact
- 1,730
As I always do , I tried checking namecheap marketplace in order to find some domains.
To my surprise I found out that now , in order to Bid on Namecheap auctions , you need to have at least 100$ in your namecheap account.
Until today , like any other registrar , you only needed to pay the 5$ annual subscription fee.
I personally love Namecheap , but I think they should have at least sent an email informing their customers about this.
I also understand the reason behind it : the goal is to stop people from winning auctions and then not paying for the domain. ( Like it happened on Sedo for about half of the LLLL.com domains auction)
The issue is : what about the domain auctions going over 100$ ?
My guess is that in this case they can freeze the funds on your account as a deterrent.
I tried contacting their support and at the begging they knew nothing about this new policy.
After some research they found out it was true : you need to have at least 100$ on your account and you can withdraw the money when you want.
However , they do not refund top-ups by cryptocurrency.
What’s your thoughts about this ?
To my surprise I found out that now , in order to Bid on Namecheap auctions , you need to have at least 100$ in your namecheap account.
Until today , like any other registrar , you only needed to pay the 5$ annual subscription fee.
I personally love Namecheap , but I think they should have at least sent an email informing their customers about this.
I also understand the reason behind it : the goal is to stop people from winning auctions and then not paying for the domain. ( Like it happened on Sedo for about half of the LLLL.com domains auction)
The issue is : what about the domain auctions going over 100$ ?
My guess is that in this case they can freeze the funds on your account as a deterrent.
I tried contacting their support and at the begging they knew nothing about this new policy.
After some research they found out it was true : you need to have at least 100$ on your account and you can withdraw the money when you want.
However , they do not refund top-ups by cryptocurrency.
What’s your thoughts about this ?
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