Important changes coming for GoDaddy domain auctions

Hello and Assalamo Alaikum,

I received an email from GoDaddy which is important for you to read if you are dealing through GoDaddy Auctions. Below is the entire message:

Important-changes-coming-for-GoDaddy-domain-auctions

We’re making a few changes to our commission structures, which will make them some of the most competitive in the market. First of all, we’re adding Premium Domains to Buy-It-Now Auction searches to broaden your audience. Simply list your domain as you normally would for a Premium Domain and it will show up in both auction listings and domain searches. If you set it up as a Buy-It-Now Auction, you’ll be prompted to upgrade it to a Premium listing as well. We’ve been hard at work making sure the fees make sense and provide discounts for higher-valued sales. Now they’ll be based on the domain sale price. Take a look at these three tiers:
Cost of domain
Commission fees
$50-$5000 20% ($15 minimum)
$5,000-$25,000 $1,000 +15% of amount over $5k
$25,000+ $4,000 +10% of amount over $25k
Please note we’re setting a minimum of $50 for Buy-It-Now Auctions and $100 for Premium listings.Β  We’re also setting a $20 minimum listing price for 7-Day Auctions and Offer/Counter-Offer domain listings.Along with the changes to new listings moving forward, we’ll be converting existing listings over to the new system over the next 3 to 4 weeks for an early April launch.

  • If your domain is below the new minimum offer price, we’ll bump the minimum offer up to $20 for 7-Day Auctions and Offer/Counter-Offer listings.
  • If you have a Buy-It-Now Auction listing priced below $50, we’ll switch it to an Offer/Counter-Offer listing with a minimum price of $20.
  • If you have a domain that’s listed as both a Premium Domain and a Buy-It-Now Auction, we’ll consolidate it and use the higher of your two price points.

If you don’t want us to change your listing prices automatically, simply update your domain pricing manually before March 31st, and it will default to the new listing rules when we roll out the new structure.

Please give us a call if you have any questions about the process at 480-505-8877.

Sincerely,
GoDaddy Auctions Team

What do you think on these changes made by GoDaddy?

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14 Comments
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Andrea Paladini
5 years ago

Those new fees are a joke … crazy increases … for a poor service.
No, thanks …
We’ve never sold our domains through GoDaddy and we’ll continue to do so … πŸ™‚

Picas
Picas
5 years ago

I got the same email and I have to read it twice …crazy fees …GD now really Greedy daddy

Tauseef
5 years ago

Read it too. Not a good idea to dismiss them altogether but comparisons should be made with other DN Brokers.

Nuno
5 years ago

Those are high commissions but I don’t care because I don’t sell with them.
What I really dislike is the process that occurs there when someone searches for an already registered domain… I don’t think they explain clearly the backorder process… The person may buy a backorder (for a domain that isn’t expiring) instead of contacting you! GoDaddy gets a sale even if the domain never drops and the person doesn’t want to reuse such credit in another domain.

Joe Styler
Joe Styler
5 years ago

Hi Abdul, I enjoy reading your blog so thank you very much for covering this. I am really sorry to hear about your negative experience with Domain Buy Service. I am happy to help in any way that I can if you ever have any concerns in the future. I appreciate that the commission fees are a bit confusing, but we created them in an effort to charge less for higher value sales vs. a flat commission structure. We are planning on releasing an inline commission calculator shortly after we release the new changes. In many cases you will see… Read more »

Shimmy
Shimmy
Reply to  Joe Styler
5 years ago

I hate it when a salespeople try to twist prices around to pretend prices are better. Come on Godaddy you are talking to other salespeople here, don’t attempt to spin things. Nobody cares about your old Afternic fees. The only thing that matters is you changed a 10% fee to a 20% fee and claim it’s cheaper

Joe Styler
Joe Styler
Reply to  AbdulBasit Makrani
5 years ago

I appreciate that. Paying out people in other countries was an issue for us for a while which we have finally corrected last year. We now use a payment company that will pay you in local currency and have had a much better experience with paying people.
I can only apologize for people giving you bad information and causing you to have been paid via paypal when you asked not to be. Please reach out to me directly if you ever have an issue again.

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