Forums
New posts
New posts
Search forums
Market
Domains/Websites Wanted
.com Domain Market
gTLD Domain Market
ccTLD Domain Market
Web3 Domain Market
Third-Level Domain Market
Adult Domain Market
What's New
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Account Upgrade
Premium Members Directory
Log in
Register
What's New
calendar
Search
Search
Search titles only
By:
New posts
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Enjoy unlimited access to all forum features for FREE! Optional upgrade available for extra perks.
Forums
Domain Discussion
Domain Industry Companies
NameCheap.com's Questionable Marketplace Policy
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="robs01" data-source="post: 2354156" data-attributes="member: 137578"><p>I do not know the feasibility of this, but how about if they place a hold on funds for bids over a certain amount, in order to avoid such activity?</p><p></p><p>For example, for auctions which go over say $500, 10% of the bid price is placed as a hold on your credit card used for payment. So if you want to bid say $1000, then $100 is held on your card BEFORE the bid is actually placed. If you up your bid to $1500 then of course the $100 hold will be removed, but the new $150 hold will have to be approved before your new bid gets placed.</p><p></p><p>If I were to bid on a higher priced domain I would have no problem doing this, as long as there were no stupid conditions attached like awarding the auction to the second highest bidder if the highest bidder fails to pay - the auction was already tainted so it should be restarted from scratch, and cunning domain owners could sacrifice 10% of proceeds to inflate the final price, so the winner should lose that 10% if they don't pay.</p><p></p><p>But somehow I get the feeling that this corruption in bidding benefits the auction houses and they will likely not try too hard to put a stop to it.</p></blockquote><p></p>
[QUOTE="robs01, post: 2354156, member: 137578"] I do not know the feasibility of this, but how about if they place a hold on funds for bids over a certain amount, in order to avoid such activity? For example, for auctions which go over say $500, 10% of the bid price is placed as a hold on your credit card used for payment. So if you want to bid say $1000, then $100 is held on your card BEFORE the bid is actually placed. If you up your bid to $1500 then of course the $100 hold will be removed, but the new $150 hold will have to be approved before your new bid gets placed. If I were to bid on a higher priced domain I would have no problem doing this, as long as there were no stupid conditions attached like awarding the auction to the second highest bidder if the highest bidder fails to pay - the auction was already tainted so it should be restarted from scratch, and cunning domain owners could sacrifice 10% of proceeds to inflate the final price, so the winner should lose that 10% if they don't pay. But somehow I get the feeling that this corruption in bidding benefits the auction houses and they will likely not try too hard to put a stop to it. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Domain Discussion
Domain Industry Companies
NameCheap.com's Questionable Marketplace Policy
Top
Bottom