cancel
Showing results for 
Show  only  | Search instead for 
Did you mean: 
Go to solution

Bid, won and paid for Domain, invested on design, then winning bid was not honored

Horrible experience. I  bid on a domain that expired, won the auction after a fierce bidding war, paid for it (substantial amount) paid the auction fee and have emails showing that it was won and purchased by me through Godaddy auction site.

 

Then, I invested and paid $1800 for a designer and developer to start working on the domain site and branding days after after I won and paid for the auction.  I had won the auction fairly and had several days after paying for the domain to start the process. 


Suddenly Tucows ( a partner of GoDaddy) decided to forfeit on the binding bid. They cancelled the transaction and nullified my binding win for the expired domain and added it back to their investment list. I have never heard of an acution being reversed. A winning bid is a winning bid. Otherwise, what is the point?

The domain which I won in a fair and ethical way is now owned by Tucows again and I lost $1800 for work on a project that was stolen back for financial gain by Tucows 

 

I LOST TIME and MONEY, so I am clearly pissed and think that what happened is unethical. 

 

Lesson: Godaddy auction wins are not guaranteed. So the trust factor is damaged.

Do not invest time and money on a URL without having the domain actually live in your list of purchases.

4 REPLIES 4
Highlighted
Super User II
Super User II

Re: Bid, won and paid for Domain, invested on design, then winning bid was not honored


@Derekuda wrote:

Horrible experience. I  bid on a domain that expired, won the auction after a fierce bidding war, paid for it (substantial amount) paid the auction fee and have emails showing that it was won and purchased by me through Godaddy auction site.

 

Then, I invested and paid $1800 for a designer and developer to start working on the domain site and branding days after after I won and paid for the auction.  I had won the auction fairly and had several days after paying for the domain to start the process. 


Suddenly Tucows ( a partner of GoDaddy) decided to forfeit on the binding bid. They cancelled the transaction and nullified my binding win for the expired domain and added it back to their investment list. I have never heard of an acution being reversed. A winning bid is a winning bid. Otherwise, what is the point?

The domain which I won in a fair and ethical way is now owned by Tucows again and I lost $1800 for work on a project that was stolen back for financial gain by Tucows 

 

I LOST TIME and MONEY, so I am clearly pissed and think that what happened is unethical. 

 

Lesson: Godaddy auction wins are not guaranteed. So the trust factor is damaged.

Do not invest time and money on a URL without having the domain actually live in your list of purchases.


@Derekuda This used to be the case with all domains on the Godaddy platform although they recently changed it so that the owner of the domain name cannot renew the domain after the auction has ended. The only loophole now is that the 3rd party registrars that list their expired domains on Godaddy are still able to renew the domain. I bid/buy a lot of domains on Godaddy so I never start any work on a site or invest money into it until I have the domain, nothing is certain until its in your account.

---

Re: Bid, won and paid for Domain, invested on design, then winning bid was not honored

Well, these registries need to stop doing criminal scams. Domains are either sold or not. I really hate these "snake oil loopholes." I bought and paid for a premium name over 7 days ago and haven't received anything so far. Under the WHOIS, the domain did update as per told in the proxy, but there is no pending transfer notice or even a refund offered. I'll give them a couple more days but then I'm digging up Johnny Cochran! Maybe I'm overreacting but dishonesty like this really gets to me. 

Super User II
Super User II
Solution

Re: Bid, won and paid for Domain, invested on design, then winning bid was not honored


@Jamiehi5 wrote:

Well, these registries need to stop doing criminal scams. Domains are either sold or not. I really hate these "snake oil loopholes." I bought and paid for a premium name over 7 days ago and haven't received anything so far. Under the WHOIS, the domain did update as per told in the proxy, but there is no pending transfer notice or even a refund offered. I'll give them a couple more days but then I'm digging up Johnny Cochran! Maybe I'm overreacting but dishonesty like this really gets to me. 


@Jamiehi5 what does the status say in your auction manager under "won?" Typically it takes 5-7 days for Godaddy to verify your funds. Email auctions@godaddy.com to see what the status is.

---

Re: Bid, won and paid for Domain, invested on design, then winning bid was not honored

The funds were paid and verified. I'll wait a while longer to see what happens. A friend told me it could take up to 45 days to receive. I'm hoping not, but I'll wait to see.