DotWeekly: Snapnames Makes it Easy

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.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn
  1. 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

  2. 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.

  3. 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Posts

Delete the Verification 3rd Nameserver

0
This morning, I received an email from Atom notifying me the nameservers for one of my domain names was not correctly set up. I...

Team Internet and CCI Partnership to Operate .CO ccTLD

0
According to a post on Team Internet's corporate LinkedIn page, the company has been awarded the contract to operate the .CO ccTLD registry in...

45.com Reportedly Acquired for $1.8 Million

0
According to a post on X linking to a press release on CoinDesk, the 45.com domain name has been reportedly acquired for $1.8 million. Lucky45...

Atom Hiring Manager of Registrar Operations

0
Last month, Atom.com announced that has become an ICANN accredited domain registrar. In the blog post announcement, the company briefly shared its big vision...

Jason Calacanis Acquires Begin.com (Update)

2
Serial entrepreneur and investor Jason Calacanis announced the recent acquisition of Begin.com. Jason didn't share the acquisition price, but he did mention this is...