NSI Offers Domain Secondary Market Service.
Network Solutions Inc said yesterday it has launched a service that facilitates the resale of already-registered domain names.
Certified Buyer Service kicks in when a customer has checked the availability of a domain they want and found it is already registered. At that point, they can choose to make an offer to the existing registrant An individual or organization that signs up (registers) for a training class or service. See domain name registrar. .
For a $19 flat fee, NSI See Network Solutions.
NSI - Network Solutions, Inc. forwards the offer to the registrant, who can then choose to accept it or make a counter-offer. If and when a deal is agreed upon Adj. 1. agreed upon - constituted or contracted by stipulation or agreement; "stipulatory obligations"
noncontroversial, uncontroversial - not likely to arouse controversy , NSI bills the buyer for the purchase price and passes it on to the seller, who pays no commission.
For NSI, the company not only gets the $19 fee, but in instances where the original registrant was a customer of a competing registrar, Certified Offer means management of the registration, and the $35 annual recurring re·cur
intr.v. re·curred, re·cur·ring, re·curs
1. To happen, come up, or show up again or repeatedly.
2. To return to one's attention or memory.
3. To return in thought or discourse. revenue, is transferred to NSI.
CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Champ Mitchell said he doesn't expect the service will have a huge impact on NSI's market share, which at over seven million domains is the strongest in the industry. He does expect thousands of customers, however.
NSI, when it was part of VeriSign, once had its own secondary-market service, GreatDomains.com. Mitchell said the GreatDomains business remained with VeriSign when NSI was spun out last November.