Drop catcher Pheenix to switch to public auctions.

Drop catching service Pheenix is about to follow in competitor DropCatch.com’s footsteps and moving all domains that have multiple backorders on it to a public auction for any backorders being released on or after the 19th of this month. There’s been a ton of criticism and discussion about DropCatch.com’s model with some domainers flat out calling them greedy and unethical. A lot of domainers belief drop catching is based on first come, first served, which is the best way to reward people who spend time doing their own research. This however hasn’t stopped DropCatch.com from becoming one of the most successful and most likely most profitable back order services that is currently out there which is most likely why Pheenix, which is quite successful due to their competitive pricing and decent catch ratios is now  following in it’s lead. 

Here’s the email Pheenix send out today:

Public Auctions coming September 19th.

All domains that have multiple backorders on it will now be available for Public Bidding for any backorders being released on or after 2015-09-19.

As a precondition, if someone did not have a backorder on the domain name prior to it going to auction, their minimum bid is at least $59 in order to participate in the auction.

Is this the future of drop catching? Which drop catcher will follow next?

Doron Vermaat

Doron has over a decade of professional experience in marketing and business development for technology startups in both Europe and Asia. He is the product guy behind domain name management software, Efty. In his spare time, he moonlights as a domain name investor or can be seen trail running in one of the many country parks in bustling Hong Kong where he lives with his wife Fay, daughter Isla and their rescue dog Pepper.

5 thoughts on “Drop catcher Pheenix to switch to public auctions.

  1. I see no benefit to paying for a back order with companies that will ultimately allow anyone to place an auction bid.

    Just wait until the domain goes to auction.

    When Go Daddy started this, I stopped placing back orders with them.

  2. You don’t pay up front for the backorder, so money is not tied up. Everyone wants to make with domains, and the better financed bigger organizations have more ways to do that. This is not 203 with a few people with all the secrets of the domaining universe. There is big money to be made, and at least DropCatch gives you an opportunity the alternative would be for Huge Domains to keep them for themselves.

  3. Well, then, it’s not a big deal,

    I get that companies do need to look at ways to raise their profits and give them a reason to catch a domain.

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