Why it matters
Buyers can bid with a proxy system that raises the bid for them up to a maximum. Sellers can accept or counter offers within seven days. Expired auctions have a payment deadline after the sale ends. GoDaddy Auctions suits fast deals and entry-level names. A common mistake is bidding on an expired name without checking its history. Many expired names carry spam history or unwanted links. Read the payment deadlines before you place a bid.
Source: godaddy.com
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