How domain drop-catch works

Started by Atcomaart, Oct 06, 2022, 02:18 AM

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AtcomaartTopic starter

What factors contribute to the varying degrees of success among drop-catch services?
 What might be the shortcomings of less successful services?
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microsoftcygnet

The ICANN Registrar Accreditation Agreement (RAA) includes the Deferred Repayment period, which allows for a registrant to return their domain within a few days after its expiration. Depending on the TLD, this period typically lasts between 30 and 90 days.

Prior to the implementation of ICANN's RGP, opportunistic individuals would frequently intercept expired domains in an attempt to extract money from the original owner.

After a certain period, referred to as the "redemption period", a domain's status changes, and the owner may be required to pay a commission (usually around $100) to reactivate and re-register the domain. Once the domain enters the "deferred deletion" phase, the ICANN RAA mandates that it be deleted from the database following two notifications and an expiration of the RGP.

With particularly sought-after domains, there are often multiple parties vying for ownership upon expiration, and drop-catching services have emerged to fill this need. These firms use their web servers to protect domains during the brief window when they are available, often auctioning them off at inflated prices. Retail registrars such as GoDaddy or eNom utilize their own services, like TDNAM or Snapnames, to warehouse domains for future auctions. Both ICANN-accredited and non-accredited registrars offer drop-catch services.
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techtrendsit

Once DropCatch successfully registers a deleted domain, it becomes available for public auction. These auctions are open to any users who have passed the company's verification process and wish to participate. The highest bidder will secure ownership of the domain name.

Once payment has been received by DropCatch, the auction winner assumes all rights to the domain.
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