I just received word that Afternic has increased the price you can list domains for sale on its Fast Transfer Network from $25,000 to $50,000. Domain names listed for sale on Afternic can now have a buy it now price tag of up to $50,000 to be eligible for the convenient fast transfer service.
The Fast Transfer Network is a service that allows domain owners to list their domain names for sale via Afternic and have them listed in the domain search flow at partner domain registrars. When a customer opts to buy a domain name listed for sale in the network, the purchase and transfer process is relatively seamless for the domain name owner. This makes deals easier to transact.
Bob Mountain, Chief Revenue Officer at Afternic had this to say about the change:
“Fast Transfer has dramatically expanded the domain aftermarket, bringing primary-registration delivery times to high-value domain transactions. Our reseller network has told us in no uncertain terms they’d love to see us support higher value domain names in the Fast Transfer system so effective this week we’ve doubled the upper limit to $50K. Domain buyers now have the opportunity to acquire even better names and put them to work in minutes. We’re excited to see the impact this has in our marketplace.”
Because GoDaddy doesn’t publicly report sales closed via Afternic, it will be hard to track how much of an impact this change has on the market. I invite you to share your thoughts on the change as well as your results. I may add a few higher end names to Afternic with a $50k price tag and see what happens.
My existing Afternic domain listings are still capped at $25k.
I reached out to ask when it will be implemented.
Excellent. I contacted customer support. Not sure how much they will know about it though.
I like the move. Though it doesn’t seem to be active yet in my afternic account.
It was being deployed this afternoon and it should now be completed across the board for everyone to use.
My existing listings are still not working. They all now require manual fast transfer opt-in submissions.
there are many problems aside from that. i cant believe a company like godaddy uses 90s style website still.
Update. My existing listings are now set up for fast transfer up to the new $50k limit.
I had to contact customer service and let them know which of my domains needed to be opted back into their fast transfer service, so the domains would be listed for sale at the new fast transfer limit.
Good job Joe, prices are creeping up for better names.
It is an improvement, but an incremental one.
We would advice to progress more rapidly.
Bob Mountain, Im an active Afternic seller (sold a few hundred names via your platform YTD), and the one thing Id love to see, is you fixing up your platform. It has become a nightmare to use Afternic. The platform has become a complete joke, and in no way matches your powerful syndication network. I do not understand how you can continue to offer the most powerful sales tool in the industry, together with the worst, most buggy, dysfunctional, slow, and inconvenient marketplace platform in the industry. The bugs keep piling up, and even though I alert people at Afternic about it, nothing gets fixed. Please consider launching a new site/platform in the future. I fear the current one is beyond fixable at this point.
Hey Steven thanks for the candid feedback. Would welcome the opportunity to get some details to help us improve, feel free to email me mtn at afternic. Thanks!
I simply bypass Afternic’s horrid user experience by sending them a spreadsheet with all my updates. Let them earn their commission by dealing with their own poor UX. 🙂