What happens when you try to buy a $1M domain?
I was curious about domains and looked for something. The domain was available, but it cost over $1,000,000
What would happen if I clicked "add to cart" and tried to buy it if...
- I couldn't afford it
- I could afford it
Does someone reach out since it's a big sale? How do they confirm I have the money? Who does the money go to?
Assuming I don't have the money, at what point would I get blocked? I assume they don't just process giant purchases the same way as $10 ones
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Looks like nobody pointed out the obvious here:
Domains cost around 10-20$€£ per year. That amount is rent, paid to the registrar.
If you find a domain that costs more than that, then you are not dealing with a registrar. You are dealing with a domain squatter that owns the usage rights to that domain name, and the price is what they demand to transfer that right to you.
If you're stupid enough to pay that, you'll still need to pay the actual fee to the registrar when the next billing period starts.
So 1.000.000 dollars plus 10-20 per year.
Often Times even more, depending on the domain "extension".
Domain extension as in .com, .net, etc? The official name for that is a TLD.