For Sale Pool reverts to old model

[FusionX]

Just received this email from Pool.com. Guess they finally found that customers are not too happy.

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Pool.com is pleased to announce that after reviewing all our customer feedback, we will be changing our Deleting Domains Auction System. All domains acquired through our Acquisition Engine after April 13, 2005 and backordered by more than one user will be entered in a Standard 3-day Proxy Auction System. Buyers can enter their proxy bid amount on each domain. All bids will be automatically increased by the minimum bid increments until the winning bid is determined.

After thoroughly reviewing our customers' feedback, we were able to make this decision to better satisfy your needs. This change addresses many issues you brought to our attention including better utilizing your time.

Pool.com would like to thank all of you for taking the time to fill out our Customer Survey and for all other feedback you have given us. This allows us to serve you better.

Please find below a summary of the changes to our auction system, which comes into effect for domains acquired after April 13, 2005.

Summary of Changes:

* Single backordered domains:
o These domains will be billed the standard US $60 fee on the day they are acquired.
* Multiple backordered domains:
o Domains will be entered in a Standard 3-day Proxy Auction. Only customers who backordered the domain prior to its acquisition by Pool.com will be allowed to participate.
o All auctions begin with a bid of US $60 made on behalf of the first customer that backordered the domain.
o Your bids are no longer sealed—All bids are proxy bids.
o The period set for an auction lasts between 60–72 hours depending on the TLD and bidding activity.

We hope that you will be pleased with the change to our auction system. Please send us an email at [email protected] if you have any questions, comments, or suggestions regarding this change.

NOTE: Every domain that Pool.com has secured prior to April 14, 2005 will remain in the 2-Phase Auction System. Sealed Bid Auctions and Challenger Auctions will continue through the current process until the last Challenger Auctions close on April 17, 2005. Every domain that Pool.com secures after April 13, 2005 will go into our Standard 3-day Proxy Auction System.

 

[Poker]

"to better satisfy your needs"

...As if they were thinking of us when they changed it in the first place...

 

[ParkQuick.com]

It took them long enough. I imagine that they have lost a lot of bidders. I am happy to see the change, but not in a hurry to use them again.

 

[Whois-Search]

its too late

 

[actnow]

It took them long enough. I imagine that they have lost a lot of bidders. I am happy to see the change, but not in a hurry to use them again.

I figured they would have gone back to the old system last November.

I'm with you. I'm not hurrying back. I don't trust them.

I wonder if the new (old) bidding system will indicate whom you are bidding against.

If not, then I will figure that I am bidding against the "house" or a shill bidder.

(No transparency = no trust.)

 

[nitronet]

They only catch crap now anyways since Netsol names go to Snapnames.

Back to the shill bidding I'm sure...

 

[Theo]

Ahahahahahahahahaha....

 

[DomainBuyerBroker]

Trust us. We're from Pool.com. :clown:

Vote with your wallet as they say.

I was banned from Pool.com many weeks ago. I catch domains every day of the week. For the record, enom snap namewinner or godaddy have caught every single name I chased.

(A side note, where is buydomains and ultsearch lately?)


Pool did not catch a single one so I have no regrets and no desire to go back.

Let them die the slow death that their own greed has sewn.

I doubt that they have any/many registrars left anyway.



My guess is that you will have to fund an account with $100 or so to "insure" payment of Pool.com catches.


Don't fall for the lies from Pool.com

 

[typeins]

Ultsearch sold last year man

 

[mole]

Pool still catches things pretty well, back to the ol' snipe till they drop tactic again I guess.

 

[stuff]

Too late...
Why took it so long? Was the old model really making more money?

 

[dotNames]

I don't know if it was really making more money but it was more fair.

I received this mail from pool as well. And i also laugh to the sentences:

"to better satisfy your needs"

At the time they choosed to change their system, they absolutly didn't care about the numerous complaints from domainers they received. And now, because i guess they lost a lot of bidders, they are reverting to the old system..... It only prooves how bad they are.
I didn't get any interresting name since they change their system. I wasn't fool enough to bid blindly and let them choose who was crazy enough to give them more money than usual.
Anyway, i tried sometimes to enter into an auction, because i felt the domain name was interresting enough. But i always disapproved their methods....

Now, they are back in the game, let's see if they will satisfy my needs

 

[clemzonguy]

So it's either paranoia, ghost bidders, or a combination of both!

 

[StockDoctor]

Until they start showing bidder IDs and have some transparency to their system, I will NOT be using them. I don't care to bid against myself.

 

[mole]

I agree, the bidder ID part may be the best thing Pool could do to bring credibility back to the system.

It ain't perfect, but much better than the feeling, real or otherwise, of a ghost bidder chasing you down till the last $50-$100 of your max proxy bid then vanishing. It is a bit disconcerting to say the least.

 

[nitronet]

I agree, the bidder ID part may be the best thing Pool could do to bring credibility back to the system.

It ain't perfect, but much better than the feeling, real or otherwise, of a ghost bidder chasing you down till the last $50-$100 of your max proxy bid then vanishing. It is a bit disconcerting to say the least.

More like the last $10 of your proxy.

 

[seeker]

they lost my trust and $ long ago...
too little too late.

 

[TopNames.com]

I think the water in their "pool" started to run very low. Now they are trying to refill the "pool" and they will realize there are too many holes and they will never get the level to where it was.

In other words, they really screwed up...now SnapNames is eating their lunch.

 

[mole]

...now SnapNames is eating their lunch.

SnapNames will eat anybody's lunch - given that they have exclusive dibs to Netsol and Bulkregister names. It's no longer a drop game, its a grab game, with domains going to those willing to deplete their greenbucks the fastest.

 

[DomainBuyerBroker]

They banned me without reason and kept my money (long story but still my money). They are thieves and liars.

Don't trust them until you read that top management has been fired for serious mismanagement. The current CEO drove the company into the ground.