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Why is Namecheap able to snatch up expired domains?

789.xyz

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May 8, 2024
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Namecheap clearly doesn't offer a domain backordering service, so how can it register expired domains like mykey.xyz at the first opportunity? I submitted a backorder request on other platforms, but the domain was registered by Namecheap.

I have previously contacted Namecheap's customer support, and they confirmed that they do not provide backordering services. There have been similar cases before where the domains were registered by individuals.
 
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