I was curious about domains and looked for something. The domain was available, but it cost over $1,000,000
What would happen if I clicked “add to cart” and tried to buy it if…
- I couldn’t afford it
- I could afford it
Does someone reach out since it’s a big sale? How do they confirm I have the money? Who does the money go to?
Assuming I don’t have the money, at what point would I get blocked? I assume they don’t just process giant purchases the same way as $10 ones
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A human would get involved to verify the sale, but definitely before transferring the domain.
Many of the domain auction sites don’t actually own the domain, someone has told them they have the domain, so there will be some manual alert and then transfer if its actually still available.
It’s sad to see how mere bytes can cost over 1 million.
It’s the rule of scarcity. Same reason why some ground can cost a lot.
You’ve both just reminded me of the million dollar homepage. Essentially the synthesis of the two.
you can afford it.
The money is transferred to the registrar and you get to use the domain.
you can’t afford it.
The transaction fails as some point. The money is not transferred, you don’t get to use the domain.
You would need to pay the million to the current owner of the domain (the squatter), not the registrar. The owner of the domain would transfer ownership to you and then you would pay the registrar $10-$20 per year.
Do it! What do you need, like $30,000-35,000 from each of us? Let’s get this bread!
Do it! What do you need, like $30,000-35,000 from each of us? Let’s get this bread!
Then let’s turn around and sell it for $2M!
New infinite money glitch just dropped
If you have the money you probably need to transfer the money to an escrow account. Even if you are loaded you probably wouldn’t have a credit card with a million dollar limit.
The escrow agent calls the other party to tell them that the money is on the account. The domain holder transfer the domain rights to you then you call the agent to tell them that the deal has been concluded and they will send the money to the seller.
If you lie that you didn’t receive the domain rights you won’t get the money back since both parties tell a difference story. The money stays on the escrow account and the case will go to court or into arbitration.
My best guess is that you’d be a million poorer and not a domain richer
Can you tell us the domain? Curious which domain is so desirable that it’s listed for $1M but no one is using it
I’ll have to find it again, but some generic variation of
open____.org
Assuming I don’t have the money, at what point would I get blocked?
First they would make sure to know who you are.
Then the deal breaks, you don’t get your domain, and you owe them a nice amount for damages. That won’t go away. They would come after you and strip you of everything you have, probably for years to come.
