I purchased the domain at $31. They claimed this was a glitch and refused to honor the price they charged me. They then said the 'real price' was $3900. Once I agreed to pay this, the price then magically ratcheted up to $8000. At no point was I ever made aware that I was involved in any sort of negotiation. I bought the domain as a 'Buy now' and in my documented conversations with the support agent, they said I could proceed with purchasing it at $3900. Not once was I ever informed that I was now involved in an auction-style negotiation where my agreement to pay the $3900 was going to be viewed as merely a bid vs an agreed upon price.
Do you think the seller would have jacked the price up to $8000 had Namecheap not revealed my interest and intent in buying? Absolutely not. Now I have no leverage or negotiating power since Namecheap revealed my hand to the seller.
If it weren't for the alleged glitch, I could've just bought the $3900 domain as-is and I'm pretty sure it'd be active in my account right now vs the situation I'm now embroiled in.
Legality aside, Namecheap really screwed me over.
As far as Namecheap not owing me anything: really? They, at the bare minimum, owe me a refund of the $31 I paid two weeks ago for the domain they still haven't delivered to me.