Name Aftermarket Goes Live — NameDrive Domain

NDX open for business as of minutes ago.

NameDrive’s fresh domain name marketplace, called NDX, is now live.

NDX allows sellers to list domain names either as “make offer” or place the domain name directly in an auction. There are no specific requirements for domains listed at auction, and sellers can choose the day and time they wish the auction to end. Auctions last from 3-14 days and can also include “BuyNow” prices.

Commissions are only 7% for most domains, regarding 30% less than most online domain name aftermarkets. Domains parked with NameDrive have commissions as low as 3%. Most ccTLDs and gTLDs carry no minimum commission, and all commissions will be waived through the end of May.

Since NameDrive is a parking firm, domains parked at NameDrive that are listed on NDX have the option of displaying parking stats counting views and revenue from the past 30 days. This is an extension of NameDrive’s existing “Park & Sell” program.

NDX also has a certification program that allows buyers to make higher offers and sellers to list domains at higher prices.

I’ve been test driving NDX over the past few days and believe it could help push the domain aftermarket forward.

As part of the launch, NameDrive has completely revamped its main web site.