Hi DJ,
your absolutely right, its not apparent and probably a new way of bifdding.
Issue was on how to balance and eliminate the frauds, if we leave it open, then almost immediately, users are fly bidding, something we were plagued with years ago.
So on this site, a user can get authority to bid in two ways :
1. If you are known to us, we will credit you with bid money, once complete and you have a win, the system will invoice you, thats it.
2. If you are not known to us, you can only bid by crediting your account, you can of course withdraw it at any time.
Commission to us is only based on a sale. If your a seller, theres no restriction on making auctions, and no charge, however, you are verified on ownership or authority to sell, in any event, a seller doesnt get paid until the domain has been released.
The auction time can be set to anything, so if you want a long term park and the chance of catching a bidder, make it a year or so.
In addition. we have linked the auction to our backorders dynamically, you will see aution buttons on all the backorder pages, plus, you can make a direct offer or BIN without ever going to the site.
Cheers
Bill