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Auction participants are required to be registered for a PremiumSale.com account in order to place bids.
Auctions for Backordered domains are reserved for bidders who had previously backordered the domain at HEXONET, CentralNic Reseller or one of our other partners. These private auctions are listed in your account and identified by a LOCK icon () next to the domain name.
|Auction Start Time||20:00 UTC|
|Starting Bid||10.00 USD|
|Bidding||5.00 USD increments|
|Auction Duration||3 Days - If a bid is placed in the last 2 minutes auctions are then extended by 2 more minutes|
Proxy bidding is a feature that is commonly used in online auctions, which allows bidders to set a maximum bid amount that they are willing to pay for a domain without making their bid known to others. When a bidder sets a proxy bid, the bidding system automatically places bids on their behalf and outbids on the current best bid by $5. Proxy bidding can help bidders to stay competitive in auctions without having to constantly monitor and adjust their bids. Please note, you can still adjust your bid manually if you wish to.
For example, if you are interested in purchasing a domain that is up for auction and you decide to place a proxy bid of $100. If another bidder places a bid of $55, the system will automatically place a bid of $60 on your behalf. If another bidder then places a bid of $70, the system will place a bid of $75 on your behalf, and so on, until the bidding reaches your maximum bid amount of $100.
After the auction is finished
Upon completion of an auction, the winner has 7 days to pay the auction price. Payments can be remitted via Paypal, Credit Card (via Paypal) or Wire Transfer.
The auction price does not include the Backorder fee, which is charged by the domain provider that submitted the Backorder on behalf of the Auction winner.
Auction winners that fail to pay the auction price in time may be banned from participating in future auctions.
In case an auctions ends without any bids from any of the registered participants, the domain is assigned to the customer whose Backorder was received first, based on the creation date associated with the Backorder in the Backorder system.