Domain Transfers - Transferring domain the correct way
One of the most common problem i come across every week on the domain forums is with regards to domain transfers.
This is with regards to the transfer of the domain from one registrar to another registrar
Most owner of domains wait till a few days before the expiry of the domain to place a request for the transfer of domain, since the think that placing the transfer earlier would result in the loss of the remaining time left for the expiry of domain.
Since the transfer of domains can take anywhere between 5-8 days to complete and if it expired during the process, the losing registrar would refuse the domain transfer. There is a rule that expired domains cannot be transferred.
Most of the time the owner of the domain name does not know about the process as many registrar fails to educate the owner since they think that its not in their business interest. Since a failed transfer means that the domain owner would have to compulsorily renew the domain with them for at least another year. As a domain reseller, i think this is a very bad approach on the part of domain registrar as it makes the customer disillusioned with the service and they would take their business to another registrar at the first given moment.
As a domain owner you need to understand the following:
When you transfer the domain name, one year gets added to the domain from the current expiry date. So you wont lose any time duration when you transfer the domain name.
For example if your domain still has 5 months for expiry and if transfer the domain to another registrar, then after the transfer you would have 17 months before the domain expires.
The lesson is…
If you are not satisfied with your registrar and wants to transfer to another registrar. Do it NOW and don’t wait for the last moment.
The only exception is if you have registered the domain recently or renewed your domain name, you would have to wait for 60 days before you can transfer to another registrar. This rule is placed by ICANN the governing body of the domain name, so as to safe guard the interest of the registrar. Since in the past, many fraudster charged back on their credit card and transfer the domain name to another registrar, which resulted in the registrar incurring the loss.
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