This is an update on my first domain acquisition via the “buy it now” process at GoDaddy, as I talked to their support department again today.
GoDaddy confirmed that payment has been received, they also shed some light to some questions I had with regards to the process.
In a nutshell: the process takes “up to 10 days” to complete – it can take less, but not more than that.
During that time, they perform ‘due diligence’ on the domain’s particulars, ensuring it’s not stolen, that the seller has the right to sell it etc. Then, they ‘prompt’ the seller to surrender it, if he is to receive the funds, that is.
I explained that the process somehow takes away from the indication that the purchase via a “BIN” is instant; GoDaddy stated that the “10 day period” is in the T&C’s somewhere. Apparently, they do not just take the domain from the seller’s account, once they receive the funds.
I also opened a ticket to have the issue on record; any updates will be posted in 10 days, or hopefully, less than that.