A domain name transfer involves changing the designated registrar of a domain name according to ICANN's policy. The process involves 5 steps: 1) verifying contact information, 2) obtaining an EPP code from the old registrar and removing any locks, 3) contacting the new registrar with the EPP code, 4) initiating the transfer, 5) confirming the transfer and releasing the domain. The complete process takes 5-7 days. Important reminders include that Flippa customers may also need to transfer website files, and a domain cannot be transferred again for 60 days except back to the previous registrar.