Why does Namejet keep increasing minimum bid for backorder?

This is my first time attempting to acquire an expired domain so please bear with me if this is a dumb inquiry.

A domain I am interested in expired a few weeks ago. I went on NameJet and backordered it for $69. A few days later, I logged into my NameJet account and got this message: "Your backorder bid is below the required minimum bid amount. Please increase your bid to be included in the auction."

I upped the bid and all seemed to be well but then a few days later I logged into NameJet to get the same message. Why is NameJet upping the minimum bid when I'm the only bidder (at least that what it says on NameJet) and the auction hasn't even started yet?

Does anyone have an answer for this? Anyone bought an expired domain through Namejet before?

I have the same freaking problem mate! Let me know if you understand this better. I just created a ticket at NameJet will let you know when I get a reply!

Alright I got an answer here from their support..


"Thank you for your reply.

After further investigation, I have been unable to find any transactions that have processed for those domains.

It appears that the registrar for the domain either took them out of our system, or they were pending delete, and another service was able to snag the names before we were using a drop-catch method of some sort.

I apologize that we have not been able to secure these names for you, but hope that you will continue to use our services for your aftermarket needs."

But after this it seems like I win more auctions.. Don't know if its because of that I contacted them or not.

What you should do is also register at other snapback services and bid on the same domain. Then you have bigger chances on winning the domain when it drops.

Peace!

They're milking their cows.