OpenPay.com expired at the end of January. It appears to have been owned by a company called DXC Technology. Because the domain name was registered at MarkMonitor, which I don’t believe has an expiry auction partnership, the domain name ended up getting deleted. The drop catching auction platforms competed to grab the domain name, and it was caught by DropCatch.com.
Since the domain name entered into auction, there has been some competitive bidding. There have been 273 bids placed in the auction, and the high bid currently stands at $500,000. There are just over 3 days remaining until the conclusion of the auction.
I won’t speculate who might be bidding on this domain name, but there are numerous companies that would benefit from acquiring the domain name. It’s not often that bidding gets so competitive with several days remaining in the auction. We’ll see how this one ends.
Notably, according to NameBio, there have been only two domain name auctions that surpassed $500,000 at DropCatch.com – Spend.com for $802,500 and Mine.com for $680,000.
Update (March 24):
I received an email from DropCatch.com this afternoon notifying me the auction was restarted. Here’s the message I received:
“Due to complications involving non-payment, the following auctions you had participated in are being restarted.
OpenPay.com
All participants of the original auction are being included automatically with their initial bid placed automatically.
Please visit the Auctions page to view all currently active auctions and participate in these re-auctions.”
“Pay” domain names are among the most valuable, regardless of what the comps may or may not reflect (something I never put much stock in, anyway).
The payments industry is a historically slow-moving one that, thanks to crypto and AI, is undergoing massive changes in a very short time frame.
Will be very interesting to see how this auction ends.
If an interested party has mid-seven figures ready to invest, they can pickup me, Chad and PayNow.com. We are looking for a partner who wants to continue our vision of building a Zelle for businesses who transact on their domain name. If they want the domain only, we can make that happen too.