Domain transfer Help! Urgent Please

webmasterbeta

New Member
Hi Guys

I bought a domain name a couple of days ago and have initiated a domain transfer from dreamhost to my godaddy account. After entering authorization code, now I see in my account that the domain status is "Pending Approval from Current Registrar" and the recommended action is "Accept transfer at current registrar".

Can anyone tell me what this means? Does the current owner of the domain name has to accept transfer somewhere ??

Immediate help much appreciated.
Thank you in advance.

regards
 
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