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How does a domain transfer work?
by DirectNic staff, edited by Mohan Kapoor, Supervisor, Himalayan Websites
A domain transfer process works as follows, under the conditions that your domain is still valid for more than a month and the domain is not in dispute.
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You decide to transfer a domain from one registrar to another. At the receiving account you pay a fee which usually includes an additional year of registration upon completion of the process. Helloyou.ws also allows you to transfer domains by bulk, that is many domains at once.
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Helloyou Web Services sends a confirmation e-mail to the owner (administrative contact of the domain listed in the Whois database) with instructions to confirm or decline the transfer request.
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Once the administrative contact agrees to transfer the domain to a new registrar, the domain transfer request is reviewed to prevent high-profile domains like "microsoft.com" from being transferred fraudulently. Some domains will require extra verification before they are transferred. In addition if a domain is close to expiry or locked by a registrar, Helloyou Web Services will send an error message to the user who requested the transfer.
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After verification, the request is sent to the Central Registry for approval. The Central Registry then informs the current registrar of the transfer request. After the current registrar's approval, the Central Registry gives approval to Helloyou Web Services to transfer the domain. The current registrar now has the option of denying or approving the transfer. The time this step takes varies from registrar to registrar but can usually be completed within 5 days.
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The expiration date of the domain will be updated once the transfer of the domain is completed.