On Feb 5, 2010, at 10:58 AM, ronys wrote:
My son has a domain registered with them, that expired (he missed
the expiry
warning due to not updating his e-mail address). A couple of months
after
expiration, they hold his $5/year domain name hostage for $80, that
is,
either pay them the money, or lose that domain - can't register it
elsewhere.
Admittedly, not updating the e-mail was our fault, but a x16 fine
borders on
extortion. No idea how other registrars behave in this respect,
though.
If it had been taken by a real domain squater, it would have cost a
lot more than $80 to get it back. There are lots of companies out
there that sell off your domain names if you forget to renew them. The
$80 covers the cost of the ones they keep and no one asks for. It also
makes it painful enough that you won't do it again.
There once was a Jerusalem based domain name "bank" which was buying
up names during the bubble and then selling them as investment
properties. They even had raised so VC, gotten glowing reviews in the
local press, etc. Think of it, every name the register is a potential
sale, and the overhead was just the domain registration, no legal
fees, trademarks, etc.
Some of the less scruplous registrars will allow you to pre-pay for an
exisiting domain. If it expires, you get it immediately. In that case
it's lost forever. What happens if someone else does the same thing
with another similar service, do they fight it out?
Geoff.
--
geoffrey mendelson N3OWJ/4X1GM
Jerusalem Israel geoffreymendel...@gmail.com
New word I coined 12/13/09, "Sub-Wikipedia" adj, describing knowledge
or understanding, as in he has a sub-wikipedia understanding of the
situation. i.e possessing less facts or information than can be found
in the Wikipedia.
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