Godaddy Drops Commission On Auction Sales From 15% to 10% A Month After Raising Them From 5%

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Back on June 13th we wrote a post calling out Godaddy.com for tripling the commission they were charging their customers for auction sales from at that time 5% to 15% without first notifying their customers.

Today Godaddy let us know that they were rolling back auction commissions to 10% effective yesterday.

In addition Godaddy informed thedomains.com that “Anyone who listed domains at 15% was rolled down to 10% so they don’t need to relist.”

So good news for all seller’s on Godaddy auction platform.

Credit to Hybrid Domainer who broke the news earlier today but after giving Godaddy Hell over the rate increase we had to let everyone know about the decrease.

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.

Comments

  3. Brad says

    Now time to fix GoDaddy Premium Listings.

    There are two major issues.

    1.) Commission. 30% is way too high, especially on larger sales.
    2.) Payment time frame. Up to 45 days from the end of the month the domain is sold in. A sale on June 2nd, you won’t receive the check until early August (60+ days).

    If both of these are addressed, Premium Listings have the potential to be one of the best venues to sell domains.

    Brad

  4. Meyer says

    Brad, I complained about this before. They don’t care.

    They are charging 30% commission but taking no risk of payment default. And, the seller has no control over the payment method by the buyer.