I was curious about domains and looked for something. The domain was available, but it cost over $1,000,000
What would happen if I clicked “add to cart” and tried to buy it if…
- I couldn’t afford it
- I could afford it
Does someone reach out since it’s a big sale? How do they confirm I have the money? Who does the money go to?
Assuming I don’t have the money, at what point would I get blocked? I assume they don’t just process giant purchases the same way as $10 ones
No. Actually they don’t. Nor would they use a credit card to make these kinds of transactions because the fees are too high to the buyer. Or more correct, the buyer would tack on a surcharge to use a credit card. Might use a credit card to put down a deposit but that is about it.
Yeah, actually they do. I’ve been working for a wealth management bank in Luxembourg for several years, and we do have unlimited credit cards. Technically they have a 999,999,999 EUR limit since there needs to be something, but good luck spending this much anyway.
Also, credit card fees outside of the US are rather tame in comparison, and usually even capped. I’ve seen someone buy a Bentley worth >1M with his Visa.
They definitely do, spoiler alert you don’t even need that much money to get one.