According to DotWeekly, Snapnames is allowing customers who use their Seller Program to auction their names without transferring them to Snapnames’ registrar. They will now allow Moniker-residing domain names to be auctioned on their platform. Previously, if you wanted to auction your names using the private program, you had to transfer them to Snap first. With no guarantee of sale, it was doubling the registration fee, so it wasn’t always optimal.
I am kicking myself a bit right now, having recently sold 45 decent names for $1,000. My names were at Moniker, and I thought they would be great to sell via Snapnames, but I didn’t want to pay the $7+/- transfer fee. Three of the names on the list were similar to a name I sold via Snapnames in October for $750. Tough break, but my buyer got a great deal!
This is a great idea, and I applaud the folks at Oversee.net and Moniker for making this happen. Frequently when companies are acquired, the biggest hassle is when they try to work together. It seems that there is some good synergy between these two companies, and it’s working to benefit their customers.
DotWeekly: Snapnames Makes it Easy
Snaps commission structure is scaled according to sales price. The $25 minimum makes it a tough venue for low dollar flips.
Minimum Commission
$25
20% up to $1000
17.5% $1,001 to 2500
15% $2501 to 10,000
12.5% $10,001 to $49,999
10% $50,000 up
Glad to see Oversee wringing synergies out of their companies…Kanoodle didn’t do jack when it owned Moniker.
Im gonna try sell a few and see how it goes, should be interesting
Thanks for the update. I didn’t list any names at their last auction because I don’t like to mess around with transferring names. Maybe the next time around more of us will participate.
This is an excellent and prescient move on Oversee’s part.
And to think that some thought Snapnames would be finished when they lost NetSol. Not.
A great company to work with, by the way.