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About Deleted Domains Ethics!

by A Bary
5 replies
We all know about the main services that you can use to backorder aged domains, where you get a chance to grab them when they enter the pending deletion phase..

One of the famous services doing that is Namejet

Now, let's imagine this scenario:

You (and a thousand other NameJet users) backordered the multi million dollars domain "Business.com"".

And it happens that the 15 years of ownership the owners pay for came to an end, and the guy responsible for renewing it got drunk on the day of renewal, and he stays drunk until the company lost the domain and it goes to the public...

Now, what should happen is that, NameJet carries a private auction for those who backordered the domain through it, and the highest bidder will snap the $7,000,000 domain for few hundreds..

Now, the question that I couldn't find an answer to,

What the hell forces NJ to release the domain to the public ?

Why don't they hire a clever guy to snap these multi million dollars domains and transfer the ownership to them, and they sell it later for whatever price they want?

What are the laws, terms or regulations that control this type of business?

NJ and the companies like it have a huge advantage over any other party by their authority to control these high ticket domains, so, what prevents them from running the whole thing to their advantage?

I wish that domain experts here have a clear answer to this..
#deleted #domains #ethics
  • Profile picture of the author CPADefenderDotNet
    I have wondered the same thing myself.

    And to be honest, I don't think there is any law as such that would prevent them from "taking first pickings" of the choice domains available - although they may run the risk of tarnishing their reputation if they're caught "red handed", which ultimately would be bad for business.
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  • Profile picture of the author sbucciarel
    Banned
    I personally don't think there's anything to prevent them from grabbing up valuable deletions and I think it's common practice. That's just an opinion, but I would imagine that few to none of the really valuable domains ever get to an auction by those who have backordered.
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    • Profile picture of the author Bonolio
      I cannot imagine a business of this type dealing with all "High End" domains via the same automated process that it deals with the majority of it's domains.

      Domains identified as High worth would be routed to a team of analysts for "further consideration".
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  • Profile picture of the author Rus Sells
    A domain is a domain, a registrar can not give preference to one over the other. Also I am not absolutely sure, but a registrar can not use it's position as registrar to take unfair advantage of their position and snatch up high worth names that have expired.
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  • Profile picture of the author Kella Bella
    I'm not sure it's that simple. Most places I have domains with email me at least 2-3 times before my domain expires to let me know about it. So if I were in the business of reg domains and I felt I did due diligence of contacting my customers I wouldn't have a problem reselling it. I guess if I didn't want to seem like a shady business owner I would put it up for auction too instead of holding onto it just because that seems kind of like insider trading holding onto it until I get a better price if that makes sense. Anytime anyone registers a non taken domain a registrar doesn't charge as far as I know on the price they think it's worth. If it is not taken it's fair game at whatever their standard price is for that type of domain as in .com, .info, .net, etc. I think the auction idea is good because as a business owner, if anyone has a problem later you could just say well everyone had the same fair chance at it.
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