For Sale Pool.com question

[ssanders]

Can someone explain this to me:

What is a pre-authorization?
A pre-authorization validates a credit card and reserves a specified amount of available credit. It is not a charge, although it may appear on your online statement. This reservation of credit is usually in effect 48 to 72 hours, and will expire automatically. This is a security measure that we use to protect our customers and Pool.com from fraudulent acts against our Backorder and Domain Marketplace systems.

Note: Entering valid credit card information is mandatory when creating a new Pool.com account. Once entered, your card will be pre-authorized for US $60.

So basically, it "takes" $60 for 48-72 hours, then puts it back in the account?

What if im backordering 2 domains... Does it check fro $120?

I'm just confused on this whole "reserves a specified amount of available credit" thing.

 

[luvkycool]

well,they just want to make sure you have funds on it,in case it goes through.
I would too

 

[RenderStream1]

The pre-authorization charge is not credit taken from your credit card to be used as credit. It is simple to make sure the credit card information you have entered is valid. The charge will be cancelled in a few days to a week.

The charge will not be used as credit, so any domains you backorder will be charged seperately.

 

[actnow]

It is a very common procedure. You just don't know that a company is doing it.
For example, when you rent a car in the U.S., they run a certain amount against the
card (on hold) to make sure you can pay when you finally pay a couple days later.
That amount will come off hold in a couple days.

Also, when you buy gas at the pump with a credit card, a set amount is applied to the card.

And, the credit card company puts that amount "on hold" against your credit limit.
That amount is automatically removed in a day or less. And, the actual charge is
immediately applied against your acct when you hang up the pump.

However, with Pool "all bets are off". I can not confirm what they are doing.
But, if they can find a way to make it difficult, they will.

My approach with Pool is this - I count my fingers after every transaction. :-D

 

[DomainBuyerBroker]

You are swimming in dangerous water.

You will bid against yourself if they grab a domain for you.

Make a long story short they gave me a "store credit" instead of a refund and then banned me without reason. Now they have so far refused to send me a check for my balance.

So, I can, at this point, say that Pool.com are theives (they won't send me my money) and liars (they said they were sending the check now they say they will not).

I hope they sue me so I can see their books.

 

[ssanders]

Do any other people feel the same way as resequin about this?

 

[RenderStream1]

I am not too fond of Pool.com's silent bidding feature.

 

[mole]

Between the devil and the deep blue pool, you just take your chances.

I understand that $60 charge for new accounts was to try to check out that cc details were valid, as Pool had tons of shill bidders in the past using either false of stolen cc details.

As for the sealed bid auction system, it does make your paranoia play against yourself so if you really want that name, you may be tempted to grow for broke before realising that you probably bid against yourself. But it works both ways, since if others think the same way (that they are bidding against themselves), then you have less competition, in theory.

It's really a question of luck and risk.

 

[KING]

I got a question about backorder.. I see some sites ask for like 20$ so if domain is exp. in 2 weeks and I backorder it.. they take my money what happens if they don't catch the name do I get the money back or they keep it and wait for next year if they get a chance?

Thanks!

 

[mole]

Ithey take my money what happens if they don't catch the name do I get the money back or they keep it and wait for next year if they get a chance?

What site is this and for what extensions?

Today, you can more or less bank on 3 players to catch com/net/org/info/biz for you, no need to waste time on the other wannabes.

pool.com
snapnames.com
enom.com

Godaddy may be good if it is true if they have exclusive rights to first grabs at dropping domains from their own customers. This still pretty much hmm... at this point in time.

That Dotster drop service of yore, I can't even remember their name.

 

[Deleted member 2020]

That Dotster drop service of yore, I can't even remember their name.

Didn't it have the word "fish" in it somewhere?


(only joking!)

 

[ssanders]

with the new stuff with pool, do you guys still dislike it?

http://dnforum.com/showthread.php?t=89976&highlight=pool
http://dnforum.com/showthread.php?t=89983&highlight=pool

 

[mike031]

haha.. i wouldn't be surprised if those same guys trashing pool are right back in it already -- or have been the ones catching all the good stuff with little to no competition during auctions while everybody has backed off.... it all comes down to how bad you want the domain, whether you hate pool with a passion or just dislike it because they are sneaky.. there is a 30% chance or so that pool will get the domain once it drops, on any given day...

:cheeky:

with the new stuff with pool, do you guys still dislike it?

http://dnforum.com/showthread.php?t=89976&highlight=pool
http://dnforum.com/showthread.php?t=89983&highlight=pool

 

[actnow]

haha.. i wouldn't be surprised if those same guys trashing pool are right back in it already -- or have been the ones catching all the good stuff with little to no competition during auctions while everybody has backed off.... it all comes down to how bad you want the domain, whether you hate pool with a passion or just dislike it because they are sneaky.. there is a 30% chance or so that pool will get the domain once it drops, on any given day... :cheeky:

Mike, If I really need a particular domain that is dropping. I will naturally cover
all bases.

However, for my everyday drop-catching, I have "zero" interest in using Pool.
I'm extremely happy with Snapnames professional procedures and follow thru.

If Snapnames doesn't catch it. I will live without it.

If I have a problem with a SnapNames registrar, SnapNames is there to help
me. If I have a problem with a Pool's registrar, you are on your own.

I'm still having problems with Pool's registrars.

If you have a problem with Snapnames, all you have to do is contact
Kjel. [email protected] .

Unfortunately, the top executives at Pool will not answer your emails.

(Mike, are you saying that DNF members would purposely give mis-information
for their own benefit? Should we question your motive when you offer free information?)

 

[mike031]

yep.. you have to cover pool as well regardless.. if u want it bad'

i've personally had an ok experience with pool and their tech support for quiet some time now.. cant really complain, few minor issues here and there but it is understandable... same with snapnames.. both places have few crappy registrars which u cannot even login to or submit any dns/admin changes but what can u do... anyway, i personally dont care if i am going to pay $100 for a domain whether pool/snapnames/enom gets it for me at the end.. because as long as i get it, i am satisfied... if u are thinking more like $30 (enom club drop) then of course pool is not even an option, if u are thinking $60+ then why not try pool as well? it's 50/50 between pool/snap..

and for your last comment, i am not making any accusations but there is always that possibility.. unfortunately u cannot prove whether it is happening or not, but who cares... there is little to none rules and restrictions to the drop game, can play many positions... it's nice when everybody is sharing and communicating with eachother tips and tricks but you have to remember that this is a "business" and some will go quiet a strech to make some bucks