10|25|2011 02:44 pm EDT
DNN just learned that Godaddy has once again made some changes for the better with their domain auction platform. Godaddy auctions now pay out in 5 days if the domain name is registered at Godaddy and sold through their auction system. Domains registered at other registrars and sold through the auction platform still are paid out after 20 days.
A representative from Godaddy informed us that streamlining some other policies with regards to the Premium Listings is in the works. Hopefully we’ll see faster payments in that sales channel as well. Currently it takes 45 days after the end of the month to receive payment. This means if you sold a domain on November 1st you could wait up until January 15th to receive payment. Much of this is delay is due to the nature of selling a high price domain and accepting credit cards. Godaddy must wait a certain time period to prevent fraud or chargebacks on these purchases, but the difference between auction payouts (5-20 days) and Premium Listing (45-75 days) payout times has us a bit baffled.
Premium Listings have also gone back to 30% commission, having been at 20% for the month of August and September. These rates need to be consistent and not changing all the time and the payments need to be expedited as fast as possible.