Here's another statement on namecheap about transfers: > Shortly afterwards, the transfer will be in

Here's another statement on namecheap about transfers:
Shortly afterwards, the transfer will be initiated at the Registry level and the domain will acquire "pendingTransfer" status. Your previous registrar should release the domain within up to 5-7 calendar days. If they do not take any actions within this period, the transfer will be approved automatically. You may also check with them if it is possible to speed up outgoing transfers with them.
https://www.namecheap.com/support/knowledgebase/article.aspx/255/83/how-do-i-transfer-my-existing-domain-to-namecheap/
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