anyone with experience "backordering" domains

What is the process is actually like

[microcars]

I've "backordered" a domain.

the domain is now in "Redemption period".

so I guess I am waiting for it get out of that, what happens next?

do drop services "bid" against anyone else for this or what? Should I be dealing with the existing registrar directly? I don't see where or how.

I'd love to have at least some idea of what I'm in for. When I talked to someone at drop catching service about how I am notified, they said "Oh, don't worry, you'll get LOTS of emails!" So far I got nothing.

here's the current WHOIS:

Domain Name: XXXXXXXXX.XXX
Status: REDEMPTIONPERIOD
Updated Date: 20-jun-2005
Creation Date: 10-may-2000
Expiration Date: 10-may-2005

[edited by: Webwork at 9:00 pm (utc) on July 17, 2005]
[edit reason] Per Charter please avoid specifics [/edit]

[Webwork]

Hi microcars and welcome to the Domain Forum.

I know of no drop catching service where the operator of the service bids against the people placing catch orders.

Bidding occurs only in those services that plainly state that their process involves bidding.

There are 2 basic models:

1) The service catches the domain and the domain becomes your domain if you were the first to place an order and pay the fee.

2) The service catches the domain and if more than 1 person placed an order then the domain goes into an auction process.

Again, unless the drop catcher plainly states that their process involves an auction it's unlikely that you will be involved in bidding.

Note: Those services that offer an auction process may have an incentive to throw more resources at a given domain - one that has a lot of interest.

Take a look at the "partners" that the domain catching service uses. One inference is the more, bigger partners the better the results.

Also, some services have exclusive relationships with registrars whereby the drop service gets first dibs on domains dropping from the specified registrar.

[microcars]

whoops sorry, I wasn't intending to endorse a particular service, but I thought names would help.

[edited by: Webwork at 10:52 pm (utc) on July 17, 2005]
[edit reason] Thanks. No need to justify actions. Just check out the "new" Charter. [/edit]

[Webwork]

Ya, micro, there was a time - not so long ago - when this forum had no mod. Now that it has one we gotta give the new guy some time to work out the issues. ;)

I'd prefer to see the forum developed as a place to help people learn the "how to" of finding and evaluating service providers, instead of the forum being a place where members "vote for" or against any particular company.

P.S. Check your sticky mail as I attempted to shed a bit more light on the subject.

[gamb]

do a search for dropping domains...there are 3 services that probably catch 90% of the names....if it is a good name, don't count on getting it - lots of people with lots of $$ to pay are in the game already ;(