How does the Expiring Domains Service work?
Shortly after your domain expires it will be listed at NameJet. The listing will be active for approximately 30 days. During this time NameJet customers have the ability to bid on domain names. More information can be found on the NameJet website.
You can still renew the domain for the standard renewal cost during these 30 days, however, after this date it may not be possible for you to retain ownership of any expired domain names in your account if you have opted in to this service.