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- Jan 11, 2007
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I think you have been reading about .com domains. Might be worth taking that section down as if 123-reg see it then you could be in trouble...Can't remember where I read this specifically, I haven't collected any evidence myself(is that what you meant) but if you do a search you should find some info about domain registration companies doing this generally(so not just 123) and how it is a conflict of interest.
You should find articles showing that the sale of seemingly expired domain names are not being allowed to go back on the open market but the good ones are being 'skimmed' and then traded by domain registration companies possibly at auction through third parties.
The trading of these is a multi million dollar business.
It's a good way to make money for a registration company and perfectly legal as far as I can tell.
Usually a domain has a few weeks to expire even if it has not been paid for at the registration company this gives some time to the owner.
If you are made to click a button to say 'Allow the domain to expire' possibly you are giving the registration company the ability to take over that domain. If it's a good domain name it might then go to auction as soon as is possible.
I'm pretty sure that a large company has the ability to make this happen to increase their profitability.