Understanding GoDaddy Auctions® payment transactions
Paying for a domain you’ve won on GoDaddy Auctions® depends on the domain's selling price. If the domain sells for less than US$5,000 we process the transaction in-house through Transaction Assurance. If the domain sells for greater than US$5,000, we may process the transaction through Escrow.com, an escrow service that subtracts processing fees from the seller's proceeds.
Transaction Assurance verifies the funds within 5 days after the buyer pays for the domain at GoDaddy Auctions®.
After verification, it's time to transfer the domain to the buyer.
- Domains registered somewhere else: Seller initiates the transfer by logging into their Auctions account > Selling List > Sold > Begin Transfer then follow our normal transfer process. You'll need to update the IPS tag on your .UK domain to GoDaddy before you begin transferring the domain to the buyer.
- Domains registered with GoDaddy: Domains with domain protection enabled, you'll need to downgrade to no protection before transferring to another account. Once that's completed, the domain should be moved to the buyer automatically.
- Set up your GoDaddy Auctions® payee account to make and recieve payments for your domain.