Verotel drop their bomb..

[DMc]

It's very simple actually. The credit card companies want more transparency for the end-user. What they want to achieve is that wherever the customer turns a particular company's name appears in relationship to their transaction - in this case TicketsClub.

Under old models there were too many parties involved which caused for confusion when the end-user wants to contact someone in the event of a dispute. For example, you go to a website and signup, the WHOIS for the website states the name of a company which has nothing to do with the subsidiary running the website or in some cases there is absolutly no meaningful WHOIS information (e.g., GoDaddy private domain registrations), fictitious individuals are listed to contact, you can't contact the webmaster in a timely manner from the e-mail address listed on the website or the customer service e-mail address is something other than at the domain you signed up at, your credit card statement has the billing company's name, etc.

Under the new TicketsClub model, the end-user sees the same name all over the place i.e., TicketsClub when they signup, TicketsClub on their credit card or bank statement, TicketsClub for the WHOIS with TicketsClub contact information, they receive a confirmation/receipt for the transaction from TicketsClub, etc. - everything points to the same company - less confusion for the end-user.

Of course TicketsClub cannot be registrar for your domain without your authorization, the owner or responsible party of the domain has to initiate the transfer.

Just as with other registrars, you still retain ultimate ownership of the domain and you retain the right to transfer your domain at any time to another registrar should you no longer want to process with TicketsClub. Please note: in order to be a registrar you have to go through ICANN in which there are regulations.

As for the $1500 registration fee, this does not apply to TicketsClub accounts; it is only applicable to Verotel PRO accounts in which the registrar requirement also does NOT apply. With a Verotel PRO account the trasparency is also provided because you have to show documents proving who you are or for the directors of your company, articles of incorporation, and your domain has to be in the same name.

Hope that clears it up a bit.

If you have any additional questions or are interested in signing up for a Verotel PRO or TicketsClub account, please feel free to contact me.