MyID.ca takes the security of its canadian domain auctions very seriously and has implemented numerous measures to prevent fraud and increase auction legitimacy and security for both buyers and sellers.

• Mandatory Authentication
  
  • All participants must have valid contact info in their MyID.ca account.
  • All participants in any MyID.ca Dot CA Auction must submit a valid government issued photo ID and a valid credit card in their name
• No stolen domains
  
  • Sellers can only submit domains for which they are the registrant or their authorized representative.
  • Whois history of every domain submitted is reviewed and any domain that had recent changes will undergo further investigation.
• If bid is received above reserve, seller must transfer the domain
  
  • The domain owner credit card on file will be charged a penalty of $500
  • Seller will be banned from future auctions and from MyID.ca website.
  • The incident will be published here on MyID.ca auction blog.
• If a buyer wins an auction, they must pay
  
  • The buyer credit card will be charged a penalty of $250
  • Buyer will be banned from future auctions and MyID.ca website and info regarding the breach will be publicized on this blog.
• No payment reversal after domain transfer
  
  • We only accept guaranteed funds for payment : Direct deposit, web banking, Interac, Wires, and Hyperwallet.
  • We WILL UNEQUIVOCALLY report any suspicion of fraud and/or illegitimate activity to law enforcement authorities.

As noted from above, MyID.ca DOT CA Auctions are very secure and safe place to buy and sell domains.