金名网(4.CN)

About domain auction

1. How can I auction my domain name(s) on 4.CN?

Log in your account in 4.CN, and submit an application for domain name(s) auction. We’ll verify your domain name(s) in 3 working days and send an email for your confirming.

2. What kind of domain name(s) is easy to be verified, bidding and selling in 4.CN?

Some short, memorable, English and PinYin domain name(s) are reserved for the most valuable.

3. Can I retract or cancel my bid?

No, retracting the bid is not allowed in 4.CN, you are obligated to pay the high-bid price for the domain name(s) if you win it.

4. How much will it cost me to bid domain name(s) through 4.CN? Who will pay for it?

Creating an account and listing domain name(S) for auction on 4.CN is completely free. But after the auction succeed, you are obligated to transfer the domain name(S) through third-party escrow service in 4.CN, and you will be assessed a 8% commission fee (50% discount for gold member) which covers the escrow service for the domain name(s) and the money for the domain name(s). Seller is requested to pay for this fee.

5. What is proxy bidding?

Proxy biding makes bidding on auctions easier and less-time consuming for buyers. Proxy bidding comes into effect once the reserve has met.

If you are the highest bidder when the auction closes, you are the winner. With proxy bidding when you win the auction you pay only the lowest possible winning bid, which may not necessary be your maximum bid.

Please note: When proxy bidding is used it may appear as if one bidder outbid another with the exact same bid. This occurs when one bidder has set a proxy bid and second bidder places a bid for the exact amount of the first bidder’s maximum proxy bid. Because the first bidder placed his/her proxy bid earlier, such proxy bid has priority and will be the current highest bid. The second bidder must place a new, higher bid to succeed the proxy bid.

6. How long do the domain name(s) auction last?

The seller can choose the time（Min 1 day to Max 7 days ）by himself/herself when adding the domains to the auction list. However, if an offer is received within 3 minutes of when an auction is supposed to close, the auction will be extended automatically by the system for an additional three minutes. This can happen multiple times.

7. What is auction deposit? Why 4.CN holds some deposit from the bidder?

4.CN will hold some deposit from each member when they are auction the domain names. The deposit will be different according to the domain price.
□ 0-50 Auction price, we will hold 10 deposit for the highest bidder
□ 50-500 Auction price, we will hold 50 deposit for the highest bidder
□ 500-1000 Auction price, we will hold 100 deposit for the highest bidder
□1000-5000 Auction price, we will hold 200 deposit for the highest bidder
□ 5000-10000 Auction price, we will hold 400 deposit for the highest bidder
□ 10000-15000 Auction price, we will hold 600 deposit for the highest bidder
□ 15000-20000 Auction price, we will hold 800 deposit for the highest bidder
□20000 Auction price, we will hold 1000 deposit for the highest bidder
Our purpose of holding the deposit is protecting the auction from fraud, and make sure the auction will be safe and effective. we’ll release the deposit immediately if the member is failed to bid for the domain, also, we’ll confiscate his/her deposit if the bidder intent to react or cancel his auction.

8. Will 4.CN holds my deposit if I auction my domain name(s) here?

There are two ways to auction your domain name in 4.CN.

The first way, auction your domain without deposit, but you have to transfer the domain to Goldenname, we’ll in charge of the domain once the auction starts.

The second way, we’ll hold your 200 RMB deposit before your starting an auction, but will finally release the deposit once the transaction between you and buyer close.

9. What is increment bidding?

The bid increment is the minimum amount a bid will be raised each time the current bid is surpassed. The bid increment is determined by the value of the most recent bid. The follow minimum bid increments apply:
Offer: Minimum Bid Increment
□ < 50 RMB， 1 RMB
□ > 50 – 1,000RMB 10 RMB
□ > 1,000 - 5,000RMB 50 RMB
□ > 5,000 100 RMB

10. If you can send back my payment once I don't win the auction in your website?

Yes,you can refund via PAYPAL,and we afford the fee,the payment will be arrive in your account during 1-3 working days.Or you can refund via BANK,but have to afford the bank fees by yourself.