PostMaster, it depends who you transfer from and who you are transfering to. Yes it can take up to 1-7 days but it also might take weeks. Some registars are a little "SLLLOOOWWW" and try to delay the process. I have had many domain names not get transfered cause I didn't give myself enough time and the registar was taking their sweet time. Also I think you have to have the domain name at the registar 3 months before moving it away, might be 6 can't remember off the top of my head. Hope this helps out a little more. You would think it is painless but.... you know.