That’s not how it works at all.
There’s a hold period where validation happens.
Comment on What happens when you try to buy a $1M domain?
LemmyKnowsBest@lemmy.world 11 months ago
If you click add to cart, then purchase, but you only have $5 in your bank account, then your bank account will be overdrawn $9999,995 and congratulations, you’re the broke-ass new owner of a million dollar domain, now you better pick up some side hustles to dig yourself out of crippling debt.
Potatos_are_not_friends@lemmy.world 11 months ago
LemmyKnowsBest@lemmy.world 11 months ago
Aw, that’s no fun.
Kolanaki@yiffit.net 11 months ago
After they validate that you are real and only have $5, you’ll be over drafted and own the website.
LemmyKnowsBest@lemmy.world 11 months ago
It’s the overdraft fees that really getcha.
Pons_Aelius@kbin.social 11 months ago
Is there any bank in the world that is stupid enough to allow someone to overdraw their account by $1M without prior arrangement?
doctorn@r.nf 11 months ago
Yes, I would like to know this too…
…for a friend… 😅
Pons_Aelius@kbin.social 11 months ago
Yes...I have some purchases I would like to make.
I am definitely good to pay you back and will not declare bankruptcy. Promise.
doctorn@r.nf 11 months ago
“I left my wallet at home.” 😅
Virkkunen@kbin.social 11 months ago
Every time I hear about banks allowing overdraws, it's from Americans. If true, then it's yet another thing that America do to fuck it's citizens and that the rest of the world has already figured it out.
Pons_Aelius@kbin.social 11 months ago
Yep. I don't think overdrawing accounts has been possible in my country (Aus) for at least 30 years.