In an email sent to customers this morning, Namecheap announced two changes to its domain name auction Marketplace. The Marketplace platform will assign user badges to illustrate the number of domain auctions bidders have won. The badge levels are Bronze, Silver, Gold, and Platinum. In addition, when an auction winner does not pay, it will be re-auctioned rather than offered to the runner up bidder.
The rationale for these changes is “[t]o make sure the Marketplace remains a trusted platform, and to ensure that each auction is conducted fairly.”
Here’s the email I received from Namecheap explaining the changes that were made and why the changes were made: