To transfer a registration, the recipient will need to provide credit card details during the process to complete the transfer. The transfer function is designed to issue a refund to the original registrant when the recipient completes this process. Once the recipient has accepted and completed the transfer, the original registrant will be cancelled and refunded. Refunds are processed within 5-7 business days. If a transfer fee is applied, it will be deducted automatically from the refund.