What happens if a Domain backorder is successful, but payment cannot be taken?

This article relates to domain names ordered through 123-reg.co.uk

If you have been successful in registering your chosen Domain using the 123-reg Domain backorder service and payment has not been taken after 28 days, 123-reg will become the owner of the domain and the domain will be listed for sale through the Sell your Domain network.

If you still want the domain, you will need to purchase it at the premium fee listed.

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