godaddy charged me $1300 for .reviews pre-registration. any idea?

Discussion in 'Domain Names' started by flippingdesk, Mar 5, 2014.

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  1. #1
    Hi D.P Experts

    I need suggestion on how the registration of new gtld work. Today, i pre-registered a .reviews domain and they charged me $1300 of which around $200 is non-refundable.
    The issue is that they are still taking new applications for that particular domain and it will be on auction after general availability.
    Does it mean the payment of $1300 is not refundable if i do not bid further.

    Any help or suggestion will be appreciated.

    Thank you.
     
    flippingdesk, Mar 5, 2014 IP
  2. misohoni

    misohoni Notable Member

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    #2
    If it's the same as .asia domains a while back, then you've effectively "bid" for the domain. If others outbid you, you'll get it back. If you win the bid, you'll get the domain for the price you've paid.
     
    misohoni, Mar 5, 2014 IP
  3. Brands-and-Jingles

    Brands-and-Jingles Member

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    #3
    Read the small print, so that you don't pay $1300 _every_ year!
     
    Brands-and-Jingles, Mar 6, 2014 IP
  4. dcristo

    dcristo Illustrious Member

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    #4
    Do you like burning money?
     
    dcristo, Mar 6, 2014 IP
  5. flippingdesk

    flippingdesk Well-Known Member

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    #5
    not at all. The domain which i pre-registered is really a premium one but i didn't know godaddy is going to take unlimited application for same domain and then put into bidding war in end.
     
    flippingdesk, Mar 6, 2014 IP
  6. dcristo

    dcristo Illustrious Member

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    #6
    A premium keyword on a crap extension is still crap. These new extensions are just a money grab.
     
    dcristo, Mar 6, 2014 IP
  7. sweetpea69

    sweetpea69 Active Member

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    #7
    lol. You going to try to flip it or develop it? $1300 is a lot to invest in a new one if your going for a quick resale.
     
    sweetpea69, Mar 6, 2014 IP
  8. Brands-and-Jingles

    Brands-and-Jingles Member

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    #8
    Indeed, you will need to sell it for six figures to reach significant IRR.
     
    Last edited: Mar 11, 2014
    Brands-and-Jingles, Mar 11, 2014 IP
  9. convert

    convert Active Member

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    #9
    Its pretty hefty for the pre regs.
     
    convert, Mar 14, 2014 IP