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Dot Ca Auction > Auction Procedures
- Please describe the auction process
The following takes place:
1) Auction category list is announced 45 days prior to auction start.
2) Domains are submitted for potential inclusion 3-4 weeks prior to auction start.
3) Domain owners submit their domains with corresponding reserves and categories
3) Our selection committee reviews the domains submitted and accompanying reserves. Revised list is sent back to domain owner for their approval. This goes back and forth until a final list of domains and corresponding reserves is approved.
4) Domain owners of final list complete the authentication, fraud prevention, and auction security steps.
5) Domains for whom step 4 above is completed in time, will be the domains included in the auction. Once the domain owner authentication documents are received, the domains become officially listed and are publicized on MyID.ca. This will take place two weeks preceding the auction start.
Each listed domain then enters a lockdown period of 45 days from that day. During that period, a listed domain cannot be removed from auction nor sold outside of MyID.ca.
6) The auction starts on a Thursday and ends on the following Thursday.
7) Once auction is over, domains owners and winning bidders are notified of results by email. Invoices are sent to winners. GST and domain transfer fees will be added to winning bids.
8) Payment must be received within 48 hours from auction end. Payment options that are accepted are Interac email transfer, hyperwallet.com, webbanking transfer for TD bank account owners, direct walkin to any TD branch, and wire. Fees incurred for payment are buyer's responsibility.
9) Registrar transfer is started immediately after auction end for all domains sold that are not registered with MyID. The fee of $15 plus GST is added to purchase price and thus is covered by buyer which is the logical option seeing that the transfer will increase the domain registration by 1 year. Domain owner must approve the registrar transfer within 24 hours of being advised to do so by CIRA and/or MyID.ca.
10) Once registrar transfer is complete, a registrant transfer is started for all domains sold. Domain owner must approve transfers immediately. We as a registrar will approve the transfer only after having received the funds to our escrow account. Then buyer approves the transfer and process is complete.
The registrant transfer fee is $15 and will be added to purchase price. It is again covered by buyer as domain registration period will be extended by 1 year.
11) Funds are released to seller via one of the following ways: Hyperwallet.com, webbanking transfer for TD bank customers, and wires. All fees incurred while sending payment will be deducted from amount sent. They are the responsibility of the domain seller.
12) All domain sales are published on our Dot CA Auction blog.
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