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?