Namecheap notified its Namecheap Market customers of an adjustment to the end times for auctions and a simplified process for its closeouts.
Domain name auctions will all end at the same time each day. The time is 11am Eastern Time and the equivalent times throughout the world. You can do the math to understand when auctions will close in your timezone. Auctions will still be extended by 5 minutes each time a bid is placed in the final five minutes of an auction.
Closeout auctions will also have a small change. If a closeout domain auction ends without any bids, the auction will automatically extend for an additional 24 hours with a minimum bid of $5. .AI domain names – which are marked “Partner” on the auction pages, are not considered closeouts, so this will not be applicable to those domain names.
The content of the email is below for those who did not receive it but are interested in understanding:
Adjustments to auction end times and closeouts
To improve your auction experience, we’ve updated our auction end times and simplified our closeout process.
What this means for you
Auction end timesWe are working to standardize auction end times to improve user experience and consistency. All auctions will end daily at 11 AM NYC (4:00 PM London, 5:00 PM Rome, 1:00 AM Tokyo, and so on).
We know our auction end times won’t suit everyone in the world, but we do have tools to help make sure you never miss out:
• Proxy Bid: Set your highest bid in advance, and our system will bid for you.
• Auctions API Access: Automate bidding and track auctions efficiently.
Closeout changes
We have also improved our closeout process to make it easier for our customers.
Now, if an auction ends with no bids, the auction will automatically extend for another 24 hours, and the minimum bid will start at the lower price of $5.
Please be aware that registry-listed .ai domains marked as “Partner” do not go to closeouts, and unsold .ai domains are not released for registration immediately.
We’re here for you 24/7
If you have any questions, please don’t hesitate to contact our Customer Support team day or night.
