I guess this is a cautionary tale.
I was recently having issues with my Gmail account that's tied to my Epik ( a domain registrar ) account, so when I was supposed to renew my domain, I didn't receive any e-mails about it. When I decided to randomly check on my website, it seemed to be down. So I checked Epik and a domain that usually cost £15 a year to renew now cost £400 to renew as it was expired.
As a teenager who does not have £400 to spend on a domain, I decided to just wait until the domain fully expired and buy it for a cheaper price.
After some time, the domain fully expired and GoDaddy decided to buy it as soon as it did, and charged me £2,225 to renew the domain. I don't understand how a price that large is justified, considering that my website gets barely any visitors and I basically only use the domain for hosting stuff. No idea how hiking prices this much is legal
Thirded for Namecheap.
I had this happen with NameCheap. I’m not sure if they bought it or someone else, but it stayed registered with them. Whoever bought it has held it for a couple years, put up a fake website to look like they were using it, but took it down after a year when I didn’t bite on buying it. Current status shows it’s pending deletion finally for abuse or non-payment. I keep checking to see when I can nab it again.
It happens with anyone. Bots track expirations and snatch them so that they can ransom them back to you for thousands - exactly as in OPs example.
AUTO RENEW. Auto-renew. Auto-renew is the way. The solution to this problem is Auto-renew.
I think you can also register 10 years in advance, or maybe more depending on the registrar, which would cover all other potential snafus like expired card info.