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Domain Cheaps Registration Agreement says something about having to pay $200 for re-instatement of a domain name, could you explain?

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Domain Cheaps Registration Agreement says something about having to pay $200 for re-instatement of a domain name, could you explain?

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The $200 fee is * not * the fee to register a domain name or the fee to renew a domain name. It is the fee to re-instate the name after the payment was denied.

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