Up To 5 days To Cancel A Domain Name You Just Hand Registered

Did you know that you have 5 days to cancel and get refunded on a .com (not sure about other domain extensions as they may have their own policies) domain name you hand registered? (double check with your registrar beforehand, though ICAAN might be changing that policy in the near future)

Shhhhhh. Don't tell anyone that you found out about it from www.domainer.me It's a Domainer secret. :-D

UPDATE:

FM had posted this comment in the commentary section:

The new ICANN rule came into effect already on July 1st. According to the rule, your registrar is charged the ICANN fee (currently $0.20) for any domain, including those that are deleted in the 5 day "Add Grace Period" (AGP, first five days after registration).

Plus your registrar is under no obligation whatsoever to pass the ability to delete domains on to you, they are actually required to secure payment in advance though.

Hope this helps,
/FM

Thank you FM for notifying me. I called Go Daddy tonight and according to the person I spoke with, Go Daddy will still credit you back the 20cents ICANN fee. (Please don't hold me responsible so please just double check) The person at Go Daddy claimed that not every registrar will refund the fee but that they still do. I have just cancelled a domain name with Go Daddy and as soon as the refund shows up in my credit statement I will keep y'all posted if the refund including the ICAN fee did indeed show up.

Either way 20 cents is still a small price to pay for canceling a domain name you are not interested in keeping. Please remember that you only have 5 days to request a refund for a domain name because after that it's too late.