We are pleased to announce an additional option for Marketplace Domain renewals based upon feedback from our creative community.
As a background, in case of SH registered domains, creatives have the option to pay $10 before the expiration of the domain name in order to renew their listing on SH for an additional 1 year. That rule has not changed.
However for a large majority of your names, you will now also receive an additional option where SH will waive the $10 renewal fee and pay for domain renewal. If creatives choose this option, they will receive a reduced commission when their name sells. Before agreeing to this option, you will be able to see your exact commission rules, so you can decide whether or not it makes sense to stay with the original commission rules, or switch to this option. Please note that these commission rules can be different for different domains (based upon several factors) and you will be able to see the exact rule before deciding on a renewal option.
Over the next few weeks, you will start seeing specific offers in your marketplace dashboard next to each of your domain name. You will be able to make a choice whether to 1) stay with the original terms [pay $10 for renewal], 2) accept the new offer [where SH pays for your renewal] or 3) do not renew the listing.