I guess this is a cautionary tale.
I was recently having issues with my Gmail account that's tied to my Epik ( a domain registrar ) account, so when I was supposed to renew my domain, I didn't receive any e-mails about it. When I decided to randomly check on my website, it seemed to be down. So I checked Epik and a domain that usually cost £15 a year to renew now cost £400 to renew as it was expired.
As a teenager who does not have £400 to spend on a domain, I decided to just wait until the domain fully expired and buy it for a cheaper price.
After some time, the domain fully expired and GoDaddy decided to buy it as soon as it did, and charged me £2,225 to renew the domain. I don't understand how a price that large is justified, considering that my website gets barely any visitors and I basically only use the domain for hosting stuff. No idea how hiking prices this much is legal
Got a work related variant, a 3 letter domain we really liked was registered by a person asking a couple of hundred bucks or so. Which really was a good deal and we were more then happy to pay.
Our IT department advised guiding the transfer themselves. Instead our marketing department went ahead anyway and just agreed to "you end your subscription and after that we register it" ... instead of using transfer codes.
In the minutes between, a bulk claimer snatched it away.
LMAO they really are inept 🤦♂️