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Domain backorders


SolDios
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Hey guys!

I am going to register the domain

www.soldios.com
in august when it expires, but im thinking of putting in a back order to ensure that I get it (I should get it anyway, seeing as the owners aren't using it, but just in case!)

Can someone please help explain this to me, or suggest a better service to do it perhaps?

http://www.godaddy.com/domainaddon/doma ... px?ci=9001

I take it you pay $20 and you automatically go into the bidding for that domain, then if you win, they give you your first years registration in the $20 fee you paid earlier?

Thanks

kris

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