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I want to do some domain tasting and want to know if I prepay $500 is my price locked in low forever?

Sure, you will get your credits back.

However, .org domains will have a minimum fee for massive deleting.

Ok thats cool, if I can't sell enough in 365 domains to keep the $6.99 then I shouldn't be a domain reseller, lol.

Cool beans, waiting on a sedo transaction to finish then I will get going.

Also I want to taste, I can spent the entire $500 in 1 shot and then delete the ones I don't want within 5 days and then I will get credited back?

To qualify for bulk pricing you would need to have spent $500 within the last 365 days. So you would have the low price for 365 days from the prepay order date.