Domain Name Backorder Bidding Rules
Published: 2021-05-28
I. Domain Drop-Catching Service Description
Domain drop-catching is a cooperative service between our company and major drop-catching platforms at home and abroad, with multiple channels available, greatly improving the drop-catching success rate for premium .com/.cn/.net/.cc and other domains.
Through this feature, you can pre-order domains that have already been registered but have expired without renewal. After a successful pre-order, the corresponding channel will drop-catch the domain for you.
Pre-orders are mainly divided into the following two categories. For an explanation of each deletion type, see Explanation of Domain Deletion Types
1. Deletion Pre-order (Del): refers to pre-ordering to drop-catch a domain that has expired without renewal and has entered the deletion period. Such domains are about to be deleted by the registry and reopened for registration;
2. Expired Pre-order (Pre): refers to pre-ordering a domain that has expired without renewal but has not yet entered the deletion period. Such domains are provided by partner registrars and can be pre-ordered in advance without waiting until the deletion period.
II. Pre-order Rules
1. A deposit is required when pre-ordering (except for those that support 0-yuan pre-order). The deposit required varies by channel; see the amount on the page (New users whose spending amount is less than 200 yuan need to have the full deposit frozen when pre-ordering a domain). After submission, the corresponding channel will perform drop-catching. The drop-catching result is subject to the result returned by the corresponding platform. If the drop-catching fails, the system will automatically refund the pre-order deposit; if you need to refund and withdraw the deposit, you cansubmit a ticketto request a return via the original route, with no handling fee.
2. You need to select a channel when pre-ordering. Drop-catching prices and success rates vary by channel. After submission, the channel cannot be changed, so please choose carefully;
3. If you need to cancel after pre-ordering, please handle it as early as possible. Once submitted to the upstream, cancellation is not supported. Please refer to the actual operation prompt.
4. For a domain pre-ordered by only one person, if the drop-catching succeeds, it will be awarded directly without bidding; if two or more users pre-order it and the drop-catching succeeds, it will enter the bidding stage, and at the end of the bidding the highest bidder wins (Note: the actual number of pre-orders is subject to the drop-catching platform, not the number of pre-orders with our company).
5. Default is not supported after a domain is won. Please place pre-orders and bids calmly and rationally based on your budget;
6. After winning directly or winning through bidding, you need to pay the corresponding fees in full (the fee includes the domain registration fee). If the account balance is sufficient, the system will automatically deduct the corresponding amount; if the account balance is insufficient, you must make up the remaining amount within 24 hours after winning; if not handled in time, it will be deemed a default by you.
7. Domain pre-order deadline: before 23:50 on the day the domain is deleted [Please try to pre-order before 23:00, otherwise the success rate will be affected, and it cannot be 100% guaranteed that the submission will be successful on the external platform]
III. Precautions
1. Domain drop-catching is mainly a cooperative service between our company and major drop-catching platforms at home and abroad. Therefore, cancellation is not supported after pre-ordering or bidding, and default is not supported after winning. Please operate carefully.
2. If domain bidding fails due to force majeure, including but not limited to server power outages, network disconnections, server attacks, inability to connect to the partner platform, etc., the platform shall not bear any economic or legal liability.
3. Our company cannot determine whether a domain will be blocked by third-party software or by the national firewall. Please make your own judgment before pre-ordering or bidding. The platform shall not bear any economic or legal liability for problems caused by third-party blocking.
4. To prevent external malicious bidding, the real price of domains that have not been pre-ordered in advance cannot be obtained. The price displayed on the page is not the real-time bid amount.
5. If a won domain is ordered to be transferred by a court or arbitration institution, or is deleted by the registry because it was used for an infringing website, our company is not responsible, but we can provide assistance with appeals.
6. Some platforms will continue to try to drop-catch the domain again within 30 working days after the pre-order, or correct domains that were incorrectly processed as failed. At that time, our company will synchronize the upstream result for processing, including correcting the domain pre-order status and deducting the corresponding amount.
7. Drop-caught domains must not be used for phishing, fraud, pornography, or other illegal websites. If discovered, the domain will be blocked, the account will be blocked, fees will not be refunded, and the illegal account information will be reported to the public security department. You will bear the consequences. Thank you for your cooperation!
IV. Deposit Instructions
1. Participation in domain pre-ordering or bidding requires a deposit. If the selected channel fails to drop-catch or you do not win at the end of the bidding, the system will automatically refund the deposit. If you need to refund and withdraw the deposit, you cansubmit a ticketto request a return via the original route, with no handling fee.
2. The pre-order deposit varies by channel. Please refer to the price displayed on the pre-order page.
3. A deposit is required to bid. Normally it is 20% of the bid amount; the specific amount is subject to the page display. If you do not win, the system will automatically refund it when the transaction ends.
4. If the remaining balance is not paid within 24 hours after winning the domain, it will be deemed a default.
V. Domain Bidding Rules
1. For domains pre-ordered by multiple people and requiring external bidding, the system will automatically place a bid for the last user who pre-ordered, temporarily taking the lead. Other users' deposits will be unfrozen, and they need to bid manually to participate in the bidding. At the end of the bidding, the highest bidder wins.
2. Late-entry bidding: refers to wanting to participate in bidding without having pre-ordered the domain. You can pay a 40-yuan late-entry fee to obtain bidding qualification. This fee is refunded if you ultimately win, and not refunded if you do not win.
3. Bid increment: different registrar platforms have different bid increments for bidding. Please refer to the display on the domain bidding page.
4. Proxy bidding: means you set an amount higher than the current minimum bid, and the system automatically bids for you according to the minimum bid increment until your proxy price is exceeded. Proxy Bidding Settings and Rules
5. External bid: is a bid from a user on an external platform. When an external bid is higher than your bid, your bid becomes invalid, but you can bid again. External bids sometimes do not follow the bid increment or are tied but take the lead; this is caused by proxy prices existing on the external platform and is normal.
6. To ensure fairness, if there is a new bid within 5 minutes before the end of the bidding, the bidding end time will automatically be extended by 0-10 minutes until there are no new bids.
7. If the remaining time is in "Waiting for Confirmation" status, it means there may be a new external bid. Please keep watching until the status changes to "Transaction Ended".
8. Because the actual end time fluctuates, bids in the last 3 minutes cannot be guaranteed to be valid. Please bid as early as possible.
9. For domain bidding prices, please refer to the price displayed when our company places a bid. Prices displayed on other websites are not synchronized with this platform.
10. After winning a domain, the system will automatically deduct the corresponding amount from your account balance. If the balance is insufficient, please make it up within 24 hours; otherwise it will be deemed a default by you.
11. If domain bidding becomes abnormal due to force majeure factors (such as server power outages, network disconnections, servers being attacked by hackers, etc.), the transaction end time may be delayed.
12. If you do not agree with the above rules, please do not bid. Once a bid is placed, it cannot be canceled. Please bid rationally within your own reasonable budget; placing a bid means you have agreed to the above rules.
VI. Winning Confirmation and Default Handling
1. After winning a domain, please make up the remaining balance as soon as possible to confirm the transaction. Default is not allowed. If no action is taken within 24 hours and the account balance is sufficient, the system will automatically deduct the payment to confirm; if the account balance is insufficient, it will be deemed a default by you.
2. Default handling: freeze your account (and associated accounts) as well as all domains and related assets under the account. If you do not contact our company to handle the matter within 5 days, our company has the right to publicly auction all domains under your account (and associated accounts). Fees already deducted will not be refunded.
3. According to the domain real-name policy requirements, if the partner requires real-name verification, you will need to cooperate by providing real-name information.
VII. Domain Delivery
1. If some domains are successfully drop-caught by a domestic partner, after domain delivery they can be managed directly with our company (real-name verification, DNS resolution, renewal, etc.) without needing to transfer in. Because the drop-catching business cooperates with major global platforms, domains that are successfully caught may be on overseas interfaces. After delivery, if you need to resolve and use the domain and file a website record, you usually need to transfer the domain to our company's own platform before real-name authentication can be carried out (overseas platforms do not support real-name authentication or website filing). Transferring to our company's platform requires renewing for one year, and the cost is borne by the buyer. Click "Renew" in Domain Management to switch channels.
2. Regarding domain transfer of ownership, because other registrars have not completely identical requirements for domain real-name information, you may need to supplement information according to the actual situation. Please refer to the system prompt at the time of transfer of ownership for specifics.
3. Transactions may be canceled due to problems with the pre-ordered domain itself, redemption by the original owner, or other circumstances in which delivery is impossible. The platform cannot guarantee that a domain pre-order will succeed or that you will definitely obtain the domain after winning a pre-order bid. If the above situations occur, payments already made will be refunded, and our company will not bear liability or provide compensation.
VIII. Bid Increment
When the bid price is 0-49, the bid increment is 5 yuan;
When the bid price is 50-99, the bid increment is 10 yuan;
When the bid price is 100-499, the bid increment is 20 yuan;
When the bid price is 500-999, the bid increment is 50 yuan;
When the bid price is 1000-2999, the bid increment is 100 yuan;
When the bid price is 3000-4999, the bid increment is 200 yuan;
When the bid price is 5000-7999, the bid increment is 300 yuan;
When the bid price is 8000-9999, the bid increment is 400 yuan;
When the bid price is 10000-19999, the bid increment is 500 yuan;
When the bid price is 20000-1000000, the bid increment is 1000 yuan;
Note: Because bid increments, currency units, etc. differ across platforms, please refer to the specific bid increment displayed on the domain bidding details page or list.
Before pre-ordering or bidding, please carefully read this platform's "Domain Service Terms", "Domain Registrant Rights and Responsibilities" , and "Domain Drop-Catching Bidding Rules". Once you operate, it means you understand and agree to the terms and responsibilities described in the above rules.
