Understanding Transactions on Go Daddy Auctions
Domain name transactions begin with its auction. The seller lists a domain name auction on Go Daddy Auctions®, and then the buyer and seller negotiate the sale by submitting offers or counter offers. When the buyer and seller agree on a price, the seller accepts the offer. For more information about offers and counter offers, see Responding to Offers when Selling Domain Names.
If the domain name is priced at $999.99 or less, the transaction is processed in-house through Transaction Assurance. Domains selling for $1,000 or more are processed through an escrow service, and the escrow service subtracts processing fees from the seller's proceeds.
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Transaction Assurance - The buyer returns to Go Daddy Auctions to pay the amount. When the funds are verified, a domain name transfer or domain name move is initiated.
Go Daddy to Go Daddy Change of Account Transfer from Another Registrar Assuming the buyer has unlocked the domain name, and it's currently registered with Go Daddy, we automatically perform a Change of Account 5 days after receiving payment most domain name TLDs, and initiate payment to the seller. If the domain name is not currently registered with Go Daddy, we hold the buyer's funds for 20 days before releasing them to the seller. This provides time to move the domain name to the buyer. If the buyer does not receive the domain name, they have 15 days after the seller accepts the offer to file a dispute. If there is no open dispute, on the 20th day after the seller accepts the offer, we close the transaction and send the net proceeds to the seller. If contested, we might withhold the funds. - Escrow.com - The buyer returns to Go Daddy Auctions to start the purchase and submits funds to Escrow.com. Escrow.com verifies the funds. Once the funds are verified they ask the seller to initiate a domain name transfer or a domain name move. Escrow.com verifies that domain name moved to the buyer's account and releases the net proceeds to the seller.
For more information about transferring or changing domain name registration, see Domain Name Transfers vs. Account Changes.