Does Registrar transfer mean that Registrant transferring ownership of the domain?

Absolutely not! When you transfer a domain, the only changes to the domain are the Registrar and not others. Registrant is still the owner of the domain, and retains full administrative control at all times.

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Do you refund my money if the transfer is unsuccessful?

Yes. If the transfer is not successful, the funds will be returned back to your account immediately.

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