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IDN Auctions For quick sales of your IDN domains please post auction end date/time

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Old 3rd February 2010, 04:20 PM
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New IDNForums Sales and Auction Rules - Posted 02-03-2010

DOMAIN SALES AND AUCTION RULES: v1.0 (updated Jan 14, 2010)

1. Sales or Auction Terms
Sales or Auction Terms MUST be clearly listed on first post of sale with at least 1 domain listed on thread title in Unicode. Terms of a sales thread CANNOT be changed once a buying offer is placed. An auction or sale remains open until item(s) are sold, or seller posts "Closed"; or 45 days from original post, whichever comes first.

2. Listings and Bidding
All IDNs listed must specify LANGUAGE, UNICODE and PUNYCODE in sales listing. A good faith translation should be provided by seller.

Bidders to include at minumum Unicode and Punycode on all auction or multi domain sales threads.

All bids MUST posted by a member; no Stealth posts ie. "Bid was sent via PM"; bids must posted by a member and be plainly visible to all participants.

Auction ending time must be clearly stated: ie “auction ends 48 hours after last bid”; if not listed it will automatically default to a 48 hour after last bid ending. No bids are permitted beyond the announced or default termination of the sale. Sales without bids automatically terminate 7 days from original post unless continued by post of seller.

3. BIN and Reserves
BIN price for portfolio or packages are only valid until the first bid has been made on the group OR any individual domain within the group.

BIN prices for individual domain auctions must be stated at the start of the auction and cannot be changed once a bid is placed. BIN prices may ONLY be adjusted on domains without any bids.

Reserve price must be announced when thread is posted, otherwise it is assumed to be a NO RESERVE auction or sale. Reserve price maybe lowered at the discretion of the seller at anytime during an auction.

4. Minimum Increment
Minimum Increment Rule/Default increments: All minimum increments must meet the following guidelines for starting prices:
$0 to $10 - increments of $1
$11 to $50 - increments if $2
$51 to $100- increments of $5
$101 & up- increments of $10.

If no increments are set by seller then sale or auction will automatically default to above amounts.

5. Good Standing and Sale Settlement
Buyers and Sellers must be a member of IDNForums.com in good standing. Sellers must own the domain or advise they are acting as broker. Payment should be made within 72 hours (or 3 business days) or sale may be cancelled at option of seller and sold to second highest bidders. Domains must be in broker or sellers control at time of sale and must be able to transfer within 48 hours of payment.

6. Moderator Review
Our staff reserves the right to not allow any auctions of any names that we feel have no legitimate reason for their registration other than to trade off the goodwill of a third party. Anyone that feels a domain listed for sale at IDNForums.com infringes on a trademark, company name etc. please forward supporting information to our Moderator staff for review. Any domains listed for sale that include symbols that will NOT operate with the upcoming changes to IDNA are required to post this information at time of sale.

7. Due Diligence
Buyers are responsible for verifying translations and whois data matches sellers information as well as doing their own due diligence. IDNForums.com can not and will not check or verify any information. We recommend buyers always use escrow services such as escrow.com or DNescrow.com. A caveat on translations: Even in the best of circumstances translations can present special problems: non-native speakers need to take special care to the verify accuracy and relevancy of each term - this may include whether the name is a primary or secondary term, whether a noun/verb, singular/plural, etc. By participating here, buyers and sellers expressly agree to hold IDNForums.com and its owners harmless from any and all business transactions from posted sales, services or other contacts made on the forum.
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Last edited by thefabfive; 5th February 2010 at 12:06 PM..
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