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Anyone know the penalty for backing out of a godaddy auction win ?

by jimkirk1943
5 replies
  • SEO
    • |
Hi guys,

I`ve made a schoolboy error on a domain I`ve just won on Godaddy its not big money only $200 but its enough for me to feel alittle pissed I didn`t notice the problem.

Anyone know what the penalty would be for backing out ???

Thanks James
#auction #backing #godaddy #penalty #win
  • Profile picture of the author Ben Acharyaa
    Your auction account will be suspended. To reinstate it, you'll have to pay a fine of some 20-25 bucks.
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  • Profile picture of the author jimkirk1943
    Can anyone else confirm thats the worst that will happen a $30 fine ? I wont be banned for months or anything like that?
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  • Profile picture of the author MikeFriedman
    I would have to read their TOS again, but they can take away your auction account, unless that has changed.

    In all honesty, I would call them and talk through it. If you call them, rather than just bail on it, they may provide some other options.
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  • Profile picture of the author roger h
    suspended auction account, re-instated after a small fee paid, no big deal. Be more concerned about the 200 gone..
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  • Profile picture of the author Ben Acharyaa
    Straight from godaddy auction agreement
    As a Buyer, you are obligated to complete the transaction if you purchase the domain name through a fixed price, Buy Now format, or if you are the highest bidder at the end of an auction and your bid meets or exceeds the minimum bid or reserve price. Should you fail to complete the transaction for any reason (including, but not limited to, failing to pay the purchase price if you purchase the domain name through a fixed price, Buy Now format, or if you are the highest bidder at the end of an auction and your bid meets or exceeds the minimum bid or reserve price), Go Daddy reserves the right to (i) charge you a fee or (ii) terminate your membership with Go Daddy Auctions (as determined by Go Daddy in it sole and absolute discretion).
    Like Mike said just talk to them and see if there's any other option. But for the first non-payment they usually charge a fine of $25.
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