- Joined
- Dec 3, 2006
- Messages
- 14,985
- Reaction score
- 1,302
Recently, I was involved in a TDNAM bidding war on a domain name that ended up with 17 bids.
Apparently, the winning bidder did not pay.
So I got a notice that, because I was the second highest bidder the domain was mine (if I chose) and had 24 hours to complete payment.
When I logged into my account to find out what the domain details were, I got quite a pleasant surprise!
Unlike most drop catchers, TDNAM eliminated ALL BIDS by that bidder bringing the final price down to $15. The bidding battle sent this name up there into the several hundreds of dollars as that bidder and I ended up going head to head. But instead of just eliminating his final bid and offering the domain name at the next obvious bid I placed, ALL of that winners entries were nullified.
To whomever put this fair and equitable way of resolving deadbeat payers, thank you. This is something for which I have repeatedly slammed NameJet and SnapNames - if there are 17 bids, the 16th bid is what they offer the name to the runner-up. They do not dissolve and nullify all bids by that bidder, just his winning bid. If someone is not going to pay for a domain as the 17th bid, then it would be safe to assume that person would not pay at 15th, 13th, 11th, 9th, 7th, 5th bid price and so on.
Again, THANK YOU! for doing the right thing!
Apparently, the winning bidder did not pay.
So I got a notice that, because I was the second highest bidder the domain was mine (if I chose) and had 24 hours to complete payment.
When I logged into my account to find out what the domain details were, I got quite a pleasant surprise!
Unlike most drop catchers, TDNAM eliminated ALL BIDS by that bidder bringing the final price down to $15. The bidding battle sent this name up there into the several hundreds of dollars as that bidder and I ended up going head to head. But instead of just eliminating his final bid and offering the domain name at the next obvious bid I placed, ALL of that winners entries were nullified.
To whomever put this fair and equitable way of resolving deadbeat payers, thank you. This is something for which I have repeatedly slammed NameJet and SnapNames - if there are 17 bids, the 16th bid is what they offer the name to the runner-up. They do not dissolve and nullify all bids by that bidder, just his winning bid. If someone is not going to pay for a domain as the 17th bid, then it would be safe to assume that person would not pay at 15th, 13th, 11th, 9th, 7th, 5th bid price and so on.
Again, THANK YOU! for doing the right thing!