How does premium names in Sedo work?
 

I'm sure this has been asked and answered before, but I'm still unsure how this process works.

Let's say that I've sold a premium name that is $500/year.
1) The name must stay at Enom.com and cannot be transferred to other registrar.

What if the buyer wants it to be transferred to his registrar?
Can any legal action be taken by the buyer if I cannot transfer it over?

Anybody who has some experience in selling premiums via sedo be willing to share how the process works?

Thanks :)

It works pretty much the same as any other non premium name except you transfer into the buyers enom account.

As far as legal action goes if they want the name then they have to abide by the rules the same as everyone else and that means only regging at enom.

If they know the name is a premium then they will also know it can only be kept at enom, if they dont know its a premium then you wouldn't have got paid anyway imo.

This is why i believe it is absoloutely vital to list the premium renewal fee in the description, you stand a much better chance of getting bidders who know the full facts and subsequently you stand a much better chance of the sale going through.

Hope this helps.

I think if you stated it was a premium in the description then I don't see that the buyer can complain about having the domain held at Enom. It costs nothing to open an account and there are no restrictions or charges to change the DNS. I personally mention that the domain is either premium or non-premium in my Sedo auctions so the buyer is fully aware of any future costs.

Hi StoneRoses and Len,
Thanks for taking your time to explain how this works.
Rep added :)

Originally Posted by mrdomainman

Hi StoneRoses and Len, Thanks for taking your time to explain how this works. Rep added :)

No probs Len, i have just pushed a premium after sedo auction now, so thought i would pass on my experience.

Thanks

As a recent buyer of a Premium name at Sedo, the buyer is asked for the money (with all the normal stuff about it being held in escrow etc).

Once it has been paid for, Sedo then send an email stating:

Quote:

Dear, Please indicate us your eNom account name or open an account for free at eNom at https://www.enomcentral.com/ and provide us with your account name for a push. Please note that the domain is a premium domain and can only be transferred to within eNom, not to another registrar. Best regards,

It is only at this stage that the buyer is aware that it is a Premium (if it has not already been disclosed in the domain description) and that it must stay with eNom.

Originally Posted by mrdomainman

Anybody who has some experience in selling premiums via sedo be willing to share how the process works?

Basically, you register the domain from Enom for $xxx.xx and sell it on Sedo for $xx.xx. That's the most basic and honest explanation I can offer.