How does the .ETH bidding refund work?

You specify an amount in your chosen currency and we will convert that into ETH and add the relevant service charges.  If your bid for the name is successful then you will be refunded the different between your bid amount and the second highest bidders amount, less the service fees, based on the exchange rate we quoted at the time you placed your purchase.  If no other bid was received, you will be refunded the full amount, less 0.01 ETH and the service fees, based on the exchange rate we quoted at the time you placed your purchase.   We will process your refund by crediting it to your account, you can contact our support team to withdraw your balance at any time.

Tags: .eth, Ethereum