findtim
Top Contributor
thought i'd take this out of the netfleet thread as this has nothing to do with NF.
i did my first bid on www.expireddomains.co.nz the other day, i won on their platform but lost to NF.
THEN they still took money out of my credit card, well apparently they didn't as the reply below says, i just don't have access to the money in MY account for god knows how long !
i understand the WHY, just don't like it.
i've now asked them to tell me what happens if i buy a $10K domain? as i don't have a $10K credit card !!! ( no jokes about no domain in NZ is worth $10K )
tim
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Hello Tim
Thank you for your email.
We have not actually charged your credit card with any funds at this stage. An 'Auth' transaction is completed for all transactions first to ensure that the credit card is valid and that there are funds available. The Auth allocates the funds available to Expired Domains should we successfully register the domain name for you during the release domains process and we complete the order. If we complete your order the 'Auth' is completed and the funds are transferred. This is a legitimate banking process and a way to ensure that funds are marked available if the transaction is processed. If the auth is not completed, the allocated credit will be returned to your card limits within 3 days. The length of time is Dependant on your credit card issuer policy. Please contact your bank if you wish to query this further.
i did my first bid on www.expireddomains.co.nz the other day, i won on their platform but lost to NF.
THEN they still took money out of my credit card, well apparently they didn't as the reply below says, i just don't have access to the money in MY account for god knows how long !
i understand the WHY, just don't like it.
i've now asked them to tell me what happens if i buy a $10K domain? as i don't have a $10K credit card !!! ( no jokes about no domain in NZ is worth $10K )
tim
--------------
Hello Tim
Thank you for your email.
We have not actually charged your credit card with any funds at this stage. An 'Auth' transaction is completed for all transactions first to ensure that the credit card is valid and that there are funds available. The Auth allocates the funds available to Expired Domains should we successfully register the domain name for you during the release domains process and we complete the order. If we complete your order the 'Auth' is completed and the funds are transferred. This is a legitimate banking process and a way to ensure that funds are marked available if the transaction is processed. If the auth is not completed, the allocated credit will be returned to your card limits within 3 days. The length of time is Dependant on your credit card issuer policy. Please contact your bank if you wish to query this further.