Domaining Tips
by Lord Brar
Why Network Solutions’ Certified Offers Service Stinks! - Two Things You Must Know About Them.
Author: Lord Brar1 Feb
BrettDomains posted a thread on DNForum describing some really negative points about Network Solutions’ Certified Offers Service.
If you don’t already know what Network Solutions’ Certified Offers Service is, they help you buy registered domains. It’s not that the service is a bad idea — Sedo and GoDaddy already offer it — but true to their habit, Network Solutions has screwed it up!
And how did they accomplish this? Here are two reasons for starters —
1. They Hold Your Funds. The moment you make a certified offer, NS puts a pre-authorization hold on your credit card for the full amount of your offer and their fees. Even if the buyer rejects it, your funds are blocked for atleast 15 days, along with another 5-7 days that it would take to release the hold on your funds.
2. The System is Dumb. It doesn’t matter if the domain owner has an invalid email address or domain has surpassed its redemption period — they will still accept your offer and keep your funds without paying you any interest on it!
Brett is promising to spill more juicy details in few days on the dirty-games that Network Solution is playing. We are holding our breath!
Free Download - "8 Things You Must Know About Making Money With Domains". Click Here »
Ask Lord Brar - I Will Answer All Your Domaining Questions and do Domain Appraisals. Click Here »
Recent Comments
- Lord Brar: Thanks Josef -- I will fix that soon in version 2.0. You
- Josef Craig: Hey, Just found your blog as I am new to domaining. Would
- Fatcow Coupon: Thanks a lot for the informative post. I have wondering if you
- Jason: Bido is still very much in the buyer's favor. I'm glad it's
- Raj: nice case study. Thanx emp & Lord!
- Raj: Awesome post m8
Thanx a lot! - Raj: @Damir - I agree with you. @Lord Brar - Great information again. Thanx
- Raj: nice post Lord Brar Thanx! Hostgator is absolutely a best hosting
- Raj: Great information. Thanx a lot!
- Mindaugas: Parking pages is good only for newbies and for those who
One Response for "Why Network Solutions’ Certified Offers Service Stinks! - Two Things You Must Know About Them."
Agree, Certified Offer Service sucks in several ways, including not making much of an attempt to remind the owner during the time period. I had that happen a few times with either 1 or 2 emails in total sent, never more than 2 in my experience.
Another major way it sucks (in addition to the major credit card hold issue) is the fact they do not refund your money if the admin email address is bad. Been there and done that with losing the fee after I discovered the email Whois address was not valid. That meant in effect I paid the fee and all I got in exchange were bounced emails.
Leave a reply