When you transfer a domain, you pay for a one year renewal, and the term gets extended by one year.
In order to transfer an existing domain name, the following are required -
1. The domain name must be unlocked
2. You must have the current authorization code or EPP code for the domain
3. You must be able to receive email to the admin contact on the domain
4. The domain must not have been registered or previously transferred within 60 days
We recommend initiating transfers at least 15 days before expiration - it often takes some time for transfers to complete.
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