Are you wondering what a redemption fee is and why GoDaddy charges it? It can be confusing, so we’re here to provide an explanation. In this article, we’ll discuss what a redemption fee is, the range of fees charged by GoDaddy, and how to avoid the fee altogether.
What is redemption fee GoDaddy?
A redemption fee is a charge that is assessed when a domain name is registered by someone after it has been suspended or cancelled by the registrar. GoDaddy and other registrars typically charge a redemption fee in the range of $80. This fee is often higher than the registration fee for a new domain name. To clarify, redemption fees are fairly common among all domain name registrars when a domain is in an advanced state of expiration. You can manually renew for the standard price plus the applicable redemption fee. However, if there’s an active bid at auction, the domain can’t be renewed.
The redemption fee is a $100 fee that is charged when a domain has expired and/or passes the Autorenew Grace Period (AGP) and enters the Redemption Grace Period (RGP). You may also get an email from GoDaddy stating, “your domain/product is about to expire and is now subject to a redemption fee.”
How to Avoid Redemption Fee GoDaddy
If you don’t want to pay the redemption fee, there are a few options available. You can manually renew the domain before the expiration date. You can also renew it during the Autorenew Grace Period (AGP) and avoid the fee altogether. If you do not renew the domain before it enters the Redemption Grace Period (RGP), you’ll be charged the redemption fee and possibly additional fees.
It’s important to keep track of when a domain expires and to pay attention to emails from GoDaddy informing you of upcoming expiration dates. If you opt to use auto-renew, you’ll be able to avoid the redemption fee and the hassle of having to manually renew every time.
A redemption fee is a charge that is applied when a domain name is registered by someone after it has been suspended or cancelled by the registrar. GoDaddy and other domain name registrars typically charge a redemption fee in the range of $80. To avoid the redemption fee, you can manually renew the domain before the expiration date or opt to use auto-renew. For more information about web hosting and domain registration, be sure to check out Hostsrated.com, a great resource for answers to your web hosting questions.
What is the process for eliminating the redemption fee on GoDaddy?
Go to your domain’s settings in the GoDaddy control panel. Even if it has “expired,” you can still alter things there since you are the legal owner, not them. Find the “Release for Transfer” button and release the domain from your GoDaddy account. This will create a “Activation/Transfer” security code.
What is the cost associated with recovering a domain?
If you do not renew your domain within the Renewal Grace Period, you have an additional 30 days to do so, called the Redemption Grace Period. During this time, you will have to pay the Domain Redemption Fee of $150 in addition to the registration fee to keep the domain.
What is the charge for reviving a domain name?
If your domain has expired and gone beyond the Autorenew Grace Period, a fee will be required in order to restore it. However, it is still possible to renew your domain name.
What is the cost associated with redeeming something?
When investors sell their mutual fund shares, they may be charged a shareholder fee by the fund. This fee, called a redemption fee, is different from and may be in addition to a back-end load which is usually given to a broker.
What steps can you take to prevent incurring a domain redemption fee?
If a domain is not renewed with the registrar within 40 days of its expiration, it will enter a redemption status. If the renewal is done within the 40 day grace period, no redemption fees will be required.
What does it mean when a domain name is in the process of being restored?
A redemption period is a window of time of 30 days after a domain has expired, in which the most current registrant has the chance to renew the domain before it is made available to anyone else for registration.