PTR Programs - Get Paid Online

Did you ever knew one could have a negative paypal balance? Well, I didn’t knew this before, but yesterday it actually happened to me. In this post I will explain what exactly happened to my paypal account, and hopefully this information might be useful to some of you.

Godaddy.com is probable the largest domain registrar in the industry, and I have hundreds of domain names registered with them. To pay for my domain registrations I have some kind of Paypal subscription. Whenever I order services from godaddy, I automatically pay for them using the paypal account on file. I don’t have to login to paypal, the transactions are done instantly upon confirmation.

When you register a new domain with Godaddy, apparently a service called Auto-Renew goes into effect by default. Meaning that after the registration period, the domain would be renewed automatically for you. Not knowing that I had this service enabled on a large number of domains, Godaddy renewed tons of them, all on the same day, and some names had private registration which costs about as much as the domain renewal itself.

This was a large amount of money, and it was all taken out of my paypal account automatically. And what’s more, I didn’t even have enough funds in my paypal account. So paypal took the remaining money out of my bank account! But my bank rejected this request, and that’s how I have a negative paypal balance!

More bad luck for me, because most of these domains were worthless and lost all their traffic after a year of parking. I was going to let most of them expire. Some other names and websites are now also about to expire and my funds is getting really tight at the moment, and I need to invest a lot of money to maintain these websites and domains.

But anyway, if you’re in a similar situation, and have a lot of Godaddy domains that are about to expire, double check to see if they have Auto-Renew enabled. If so you might want to reconsider.. You cannot use coupons this way either.

Thanks for reading.