I have transferred 10 domains away from GoDaddy within the past 2 days. All of which were completed within a few hours.
I think it depends on both registrars, issues with whois information ("private registration" vs not), etc. A friend of mine initiated a transfer from GoDaddy and five days later he learned that the transfer had been canceled. Neither registrar notified him of it. It was canceled because he had a "private registration" (the exact problem this caused, I don't remember).
I know there is also the "waiting game" when you're notified of a transfer. There's an option that you can actively accept the transfer, passively accept, or actively deny. I actively accepted the transfers. The timeout for the passive accept is several days.
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Re: False Premise
I have transferred 10 domains away from GoDaddy within the past 2 days. All of which were completed within a few hours.
I think it depends on both registrars, issues with whois information ("private registration" vs not), etc. A friend of mine initiated a transfer from GoDaddy and five days later he learned that the transfer had been canceled. Neither registrar notified him of it. It was canceled because he had a "private registration" (the exact problem this caused, I don't remember).
I know there is also the "waiting game" when you're notified of a transfer. There's an option that you can actively accept the transfer, passively accept, or actively deny. I actively accepted the transfers. The timeout for the passive accept is several days.