That’s interesting. So they buy the domain on your behalf and then rent it out to you. Pretty cool concept
That said, I’ve owned a fair few domains and never had to deal with 3rd parties, so I’m not sure if the added security risk (however small) of them hijacking your domain is worth it. For me, at least. YMMV
This is true. Would probably be much easier technically and legally if they already own it, though.