To start with i am no way against Godaddy and it is one of my favourite registrars. But there are certain things you have to be careful with Godaddy. Previous posts (tricks, tips etch) about Godaddy are here.
I bought a product at Godaddy a year back. The auto renew option was ON. When the renewal time was near, Godaddy was sending me mails that it would renew the product but my Paypal account which was linked with Godaddy didn’t have both sufficient funds and a valid credit card as backup source.
Well i didn’t bother much because i didn’t want to renew the product. Also as an experiment(i had not so good previous experiences with Godaddy), i wanted to see what Godaddy will do. After a week, i made a sale and funds got into my Paypal account. I got into my Paypal account 15 minutes after the buyer sent the payment.
You guess what happened. Godaddy has renewed the product which was due renewal the moment funds got into the Paypal account. The point is “Godaddy knows when the funds get into your Paypal”. Be cautious.
One more reason why you should turn OFF the auto renew option at Godaddy.