Opinions, thoughts, whatever

equity78 · 08-16-2005, 06:43 PM

I got an offer on a name for $2000 I wanted to use escrow.com said I would pay the fees, Buyer said can he use paypal he Is verified, score of 84.

I asked RJ for advice which he gave and thank you RJ.

Next I call paypal, surprisingly they say don't use paypal admits to knowing they have rotten rep In domain industry. THis person was very good on the phone and very helpful. I said because domains are not tangible, she says yeah its hard to fight for you because banks won't accept most things as proof of delivery. I said a push can be proved she said banks don't care they are not going to take the time to look at that stuff. SHE said they will accept proof of delivery so come up with a contract and something tangible worth whatever like a cd talking about how to start a website and word it that the domain will be included. Deliver it so if they charge back we have the proof the banks want.
????: NamePros.com http://www.namepros.com/domain-name-discussion/116199-opinions-thoughts-whatever.html

DOes this make senses ? WOuld it hold up? Jberryhill if you are reading would love your input especially.

Maybe this is away where domainers can be protercted better by PAypa. it surprised me they were very reserved Understanding their bad rep and said it was mostly banks fault what else can they do?

I get scammed for $50 ok $2000 NO WAY so don't know if can chance using paypal.

slaughterbeck · 08-16-2005, 06:55 PM

I think you said it yourself “so I don't know if I can chance using paypal”. What is the reason the prospective buyer can’t use Escrow.com? Even with your willingness to pay for it?

equity78 · 08-16-2005, 06:57 PM

I wish I knew Kim, thanks

Midano · 08-16-2005, 07:41 PM

Eq:

If you still have some wiggle room - do this:
Go to your bank. Open a new checking account (call it "disposable"). Link this account to your Paypal account (make sure your main bank account is not linked). When the buyer pays, withdraw everything into your new checking account. When the money appear on it - cash out or transfer into your primary checking. ONLY THEN transfer the domain.
This will take a few days to turn around, but you will have your peace of mind if the buyer charges back.

Gene · 08-16-2005, 08:21 PM

Originally Posted by Midano

Eq:

If you still have some wiggle room - do this:
Go to your bank. Open a new checking account (call it "disposable"). Link this account to your Paypal account (make sure your main bank account is not linked). When the buyer pays, withdraw everything into your new checking account. When the money appear on it - cash out or transfer into your primary checking. ONLY THEN transfer the domain.
This will take a few days to turn around, but you will have your peace of mind if the buyer charges back.

Good plan. BUT -- make sure you have no other accounts attached to your PayPal account, such as credit cards or they may withdraw funds that way. To be safe, have a second PayPal account with only the one 'disposable' checking account attached.

equity78 · 08-16-2005, 09:01 PM

THanks for the replies guys this seems like a lot of BS to go through because PAypal cannot verify PUSHES as proof on the phone htey were like a domain is a physical good we jsut cannot getbanks to recognize a push.

Gene · 08-16-2005, 09:04 PM

Originally Posted by equity78

THanks for the replies guys this seems like a lot of BS to go through because PAypal cannot verify PUSHES as proof on the phone htey were like a domain is a physical good we jsut cannot getbanks to recognize a push.

Yes, but for the time spent, you'll save a good chunk of change on Escrow fees.

***Domainate.com*** · 08-17-2005, 12:10 AM

It would seem fishy to me that the buyer wouldn't use any escrow service if you're offering to pay for it. If you do use Paypal, I hope for your sake everything works out. I did have one problem with someone with a name I sold on the Bazaar. The guy paid for the name, I sent him the name, then he complained to me saying he paid twice. I said no, he paid only once and sent him proof that I received only 1 payment from him. He then sends me "proof" that he sent 2 payments, except the "proof" had both payments with the same payment #. Long story short, the guy complained through PayPal, making me have to call them and explain everything, and he went away. What a bunch of crap to go through to save myself $12 that he was trying to scam from me! It was the principle of the matter though.

rtonia · 08-17-2005, 12:28 AM

Hey, even the Crooky has a good heart

Escrow.com should be the first option, IMO, but if the buyer is a member here well you can see his/her reputation to decide if you guys should go with Paypal.

slaughterbeck · 08-17-2005, 02:55 AM

Politely explain to the prospective purchaser that you have contacted Paypal and that they suggested you use another service for the tranaction. Explain to this person the reasons for the rationalization by Paypal, that domains are not a tangible item and that this caused some consternation regarding it, then formulate your decision based on the answers the prospect gives to this logical argument against the use of Paypal in this transaction.

rtonia · 08-17-2005, 03:04 AM

Originally Posted by slaughterbeck

Politely explain to the prospective purchaser that you have contacted Paypal and that they suggested you use another service for the tranaction. Explain to this person the reasons for the rationalization by Paypal, that domains are not a tangible item and that this caused some consternation regarding it, then formulate your decision based on the answers the prospect gives to this logical argument against the use of Paypal in this transaction.

Well defined.

ThreeD · 08-17-2005, 04:29 AM

I would definately go with Midano's idea..there is no way I would push a domain if the banks don't approve a push as proof of delivery. ( I didn't know that by the way )

Good luck, let us know if everything goes well

EbookLover · 08-17-2005, 06:39 AM

1. Personally, I don't know why you need to politely explain anything. A buyer that tries to get out of using escrow is shady at best, especially when YOU are paying all the fees. Sure, we all want to sell a domain for XXXX but you have to look at the situation realistically. Don;t let dollar signs blind you. That's usually a recipe for disaster.

2. Please check PayPal's TOS. I though it was against policy to have more than one PayPal account? I could be wrong but you need to check. If it is against policy and you open a new account and do the transfer idea that was suggested, sure you may be able to dodge fraud but you will also risk losing your PayPal accounts. If the buyer initiates a refund request and PayPal obliges (and they will) they will try to take the money from your account. Since there is no money in your "disposable" bank account from which to take the granted refund and you will refuse any request by PayPal to deposit money so they can take it from you to cover the refund they had to give your buyer, what will paypal do? Well, it's likely they will suspend all your accounts. Afterall, PayPal is out thousands of dollars. They will not be happy with you even though you are protecting yourself and you have the right to do so. PayPal does not care about your rights. They only care about your compliance with their policies. And I don't blame them. Business is business.

3. Use escrow. If the buyer objects he is most likely up to no good...NP member or not. Good NP rep or not.

4. Use escrow.

5. Did you ever ask the buyer why he objects to using escrow even though it will cost him nohing? If not, ask him and please post the joke of an answer he gives you. We can all use a good laugh.

6.

Quote:

SHE said they will accept proof of delivery so come up with a contract and something tangible worth whatever like a cd talking about how to start a website and word it that the domain will be included. Deliver it so if they charge back we have the proof the banks want.

This is silly seeing how you can just use escrow and it will not cost the buyer since you agreed to pay all fees. Besides, never trust a PayPal employee. They jsut read from scripts. Just because they tell you it will work, it does not mean it actually will.
????: NamePros.com http://www.namepros.com/showthread.php?t=116199

7. Use escrow.

Xyzer · 08-17-2005, 06:52 AM

Yo, Its silly to not be able to verify a push, what do you think it could lead to?

Tippy · 08-17-2005, 07:00 AM

I guess he wants to use PayPal as its quick and simple, as long as no problems arise obviously...

How about asking him to pay via Check, once the check clears, push the name. I've also accepted funds via Wire Transfer to my bank account, went very smoothly.

EbookLover · 08-17-2005, 07:03 AM

If he wants to use PayPal for it's speed, why would he want to send a check and have to wait 7-10 business days for clearance?

Yes, I agree that it's silly that banks do not accept pushes and other electonic means of proof for no-tangible items. In this computer age banks are way behind the times. They need to step up to the 21st century because merchants lose out big time due to thier inability to keep up.

Midano · 08-17-2005, 07:17 AM

Originally Posted by zquest

Afterall, PayPal is out thousands of dollars.

Not quite. If Paypal is unable to yank the money from payee's linked bank/credit accounts, they will simply send an apologetic email to the payer UNLESS THE PAYEE PAYS EXTRA FOR OPTIONAL INSURANCE. So even if they lose on one transaction, they balance it with these fees.
????: NamePros.com http://www.namepros.com/showthread.php?t=116199

Quote:

PayPal's Money Back Guarantee program, which applies to selected physical goods transactions for less than $1,000.00 USD

Your transaction is over $1000 and domain names are not "physical goods" anyway.
Been there. Paypal's "seller protection" is a joke, so protect yourself as best as you can.

EbookLover · 08-17-2005, 07:44 AM

Originally Posted by Midano

Paypal's "seller protection" is a joke, so protect yourself as best as you can.

You can say that again.
????: NamePros.com http://www.namepros.com/showthread.php?t=116199

Thanks for the clarification on how it works if you have no funds in any account. I hope you are right. If so, this makes me like PP more as it gives me, the seller, more power in my transactions. I'll have to look into it.

Still, is one allowed to have more than one PP account? I'll have to check into that. As much as PayPal sucks, I realize that sometimes it is agood idea to have a PayPal account.

Tippy · 08-17-2005, 08:42 AM

Originally Posted by zquest

If he wants to use PayPal for it's speed, why would he want to send a check and have to wait 7-10 business days for clearance?

I dont know his reason for not wanting to use Escrow, I just mentioned one possible reason why he might want to use PayPal.
????: NamePros.com http://www.namepros.com/showthread.php?t=116199

The Check method was only a suggestion, if he says no to Escrow and Check well I'd think twice about making a deal with them.

Its to protect both parties...

Joey · 08-17-2005, 03:23 PM

Yes, go into the most protection as possible, it will save you in the end!

equity78 · 08-18-2005, 08:40 PM

Here is the reply after I said I will pay fees or accept amoney order or a bank wire:

really only want to do paypal as I'm trying to keep the government from finding out about my paypal funds... by spending it before the end of year.

If you're going by what DGC says can you try asking him if he would trust someone with this rating?

It means i've had 85 successful transactions

Business Account Overview
????: NamePros.com http://www.namepros.com/showthread.php?t=116199
Name: Homeblock Internet Services (Dan Caban)
Email: sales@homeblock.com (Add email)
Status: Canadian - Verified (85)

EbookLover · 08-18-2005, 09:26 PM

Originally Posted by equity78

Here is the reply after I said I will pay fees or accept amoney order or a bank wire:

really only want to do paypal as I'm trying to keep the government from finding out about my paypal funds... by spending it before the end of year.

That's a bunch of BS because it does not matter how fast you spend your paypal funds becuase it's all recorded electronically. The trail is already there the minute the funds get placed into an account. That's just about the stupidest excuse I've ever heard even if he does believe it.

Be careful this guy is most likely trying to scam you no doubt.

As a buyer he must understand your position and if he does not he's either up to no good or he's just plain dumb. I wouldn't risk it being the latter.

You are nice enough to pay escrow fees even though it is his obligation and still he won;t budge. He has no reason to refuse if he is honest. It costs him nothing and it protects BOTH of you.

I would not waste anymore time with a person like this. Just tell him...

FINAL: WE USE ESCROW OR HIT THE ROAD, JACK! THIS IS REAL BUSINESS. NO TIME TO DILLY-DALLY AROUND WITH ALL THESE EXCUSES WHEN THEY ARE NOT VALID.
????: NamePros.com http://www.namepros.com/showthread.php?t=116199

You have to stand firm with people like this because they waste too much time and you may end up losing your domain in the end.

I don't mean to be rude, but if you ask me this is a no-brainer, really.

Also, be careful when accepting money orders or even cashier's checks. People think that they are as good as cash and that as soon as they get it they can send the product. Not so. There are a lot of fraudulent money orders out there. I treat money orders just like checks and wait until they clear and the funds are deposited into my account. I actually wait 3 days after th efunds show up to make sure.

equity78 · 08-18-2005, 09:37 PM

I agree with you Z it is a no doubter I told him no way he has no logical business sense.

Thanks for your time and the input, same with Gene and Midano. ty

08-16-2005, 06:43 PM	THREAD STARTER #1 (permalink)
equity78 NamePros Expert Join Date: Oct 2004 Posts: 7,638	Opinions, thoughts, whatever I got an offer on a name for $2000 I wanted to use escrow.com said I would pay the fees, Buyer said can he use paypal he Is verified, score of 84. I asked RJ for advice which he gave and thank you RJ. Next I call paypal, surprisingly they say don't use paypal admits to knowing they have rotten rep In domain industry. THis person was very good on the phone and very helpful. I said because domains are not tangible, she says yeah its hard to fight for you because banks won't accept most things as proof of delivery. I said a push can be proved she said banks don't care they are not going to take the time to look at that stuff. SHE said they will accept proof of delivery so come up with a contract and something tangible worth whatever like a cd talking about how to start a website and word it that the domain will be included. Deliver it so if they charge back we have the proof the banks want. ????: NamePros.com http://www.namepros.com/domain-name-discussion/116199-opinions-thoughts-whatever.html DOes this make senses ? WOuld it hold up? Jberryhill if you are reading would love your input especially. Maybe this is away where domainers can be protercted better by PAypa. it surprised me they were very reserved Understanding their bad rep and said it was mostly banks fault what else can they do? I get scammed for $50 ok $2000 NO WAY so don't know if can chance using paypal. __________________ Host your website with name.com and get up to $10.99 off any domain registration First Quarter 2012 5 letter.com sales report Last edited by equity78; 08-16-2005 at 06:51 PM.

08-16-2005, 06:55 PM	#2 (permalink)
slaughterbeck Senior Member Join Date: Feb 2005 Location: Lansing MI Posts: 2,544	I think you said it yourself “so I don't know if I can chance using paypal”. What is the reason the prospective buyer can’t use Escrow.com? Even with your willingness to pay for it? __________________ Feed the Children I love my country, I love my soldiers, I hate my war.

08-16-2005, 06:57 PM	THREAD STARTER #3 (permalink)
equity78 NamePros Expert Join Date: Oct 2004 Posts: 7,638	I wish I knew Kim, thanks __________________ Host your website with name.com and get up to $10.99 off any domain registration First Quarter 2012 5 letter.com sales report

08-16-2005, 09:01 PM	THREAD STARTER #6 (permalink)
equity78 NamePros Expert Join Date: Oct 2004 Posts: 7,638	THanks for the replies guys this seems like a lot of BS to go through because PAypal cannot verify PUSHES as proof on the phone htey were like a domain is a physical good we jsut cannot getbanks to recognize a push. __________________ Host your website with name.com and get up to $10.99 off any domain registration First Quarter 2012 5 letter.com sales report

08-17-2005, 02:55 AM	#10 (permalink)
slaughterbeck Senior Member Join Date: Feb 2005 Location: Lansing MI Posts: 2,544	Politely explain to the prospective purchaser that you have contacted Paypal and that they suggested you use another service for the tranaction. Explain to this person the reasons for the rationalization by Paypal, that domains are not a tangible item and that this caused some consternation regarding it, then formulate your decision based on the answers the prospect gives to this logical argument against the use of Paypal in this transaction. __________________ Feed the Children I love my country, I love my soldiers, I hate my war.

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08-16-2005, 07:41 PM	#4 (permalink)
Midano Senior Member Join Date: Jan 2005 Location: M I D A N O .com Posts: 1,408	Eq: If you still have some wiggle room - do this: Go to your bank. Open a new checking account (call it "disposable"). Link this account to your Paypal account (make sure your main bank account is not linked). When the buyer pays, withdraw everything into your new checking account. When the money appear on it - cash out or transfer into your primary checking. ONLY THEN transfer the domain. This will take a few days to turn around, but you will have your peace of mind if the buyer charges back.

08-17-2005, 12:10 AM	#8 (permalink)
*Domainate.com* Domain Seller & Expert Join Date: Aug 2005 Location: San Diego, CA, USA Posts: 3,767 Follow @nametrader	It would seem fishy to me that the buyer wouldn't use any escrow service if you're offering to pay for it. If you do use Paypal, I hope for your sake everything works out. I did have one problem with someone with a name I sold on the Bazaar. The guy paid for the name, I sent him the name, then he complained to me saying he paid twice. I said no, he paid only once and sent him proof that I received only 1 payment from him. He then sends me "proof" that he sent 2 payments, except the "proof" had both payments with the same payment #. Long story short, the guy complained through PayPal, making me have to call them and explain everything, and he went away. What a bunch of crap to go through to save myself $12 that he was trying to scam from me! It was the principle of the matter though.

08-17-2005, 12:28 AM	#9 (permalink)
rtonia NamePros Regular Join Date: Feb 2005 Location: M a r s Posts: 412	Hey, even the Crooky has a good heart Escrow.com should be the first option, IMO, but if the buyer is a member here well you can see his/her reputation to decide if you guys should go with Paypal.

08-17-2005, 04:29 AM	#12 (permalink)
ThreeD Senior Member Join Date: May 2004 Location: Online Posts: 2,324	I would definately go with Midano's idea..there is no way I would push a domain if the banks don't approve a push as proof of delivery. ( I didn't know that by the way ) Good luck, let us know if everything goes well __________________ ► * Losers make excuses - winners make it happen *

08-17-2005, 06:52 AM	#14 (permalink)
Xyzer Senior Member Join Date: Aug 2005 Location: United Kindom Posts: 1,502	Yo, Its silly to not be able to verify a push, what do you think it could lead to?

08-17-2005, 07:00 AM	#15 (permalink)
Tippy NamePros Expert Join Date: May 2003 Location: Montreal Posts: 7,099	I guess he wants to use PayPal as its quick and simple, as long as no problems arise obviously... How about asking him to pay via Check, once the check clears, push the name. I've also accepted funds via Wire Transfer to my bank account, went very smoothly.

08-17-2005, 07:03 AM	#16 (permalink)
EbookLover Senior Member Join Date: Jan 2005 Posts: 1,438	If he wants to use PayPal for it's speed, why would he want to send a check and have to wait 7-10 business days for clearance? Yes, I agree that it's silly that banks do not accept pushes and other electonic means of proof for no-tangible items. In this computer age banks are way behind the times. They need to step up to the 21st century because merchants lose out big time due to thier inability to keep up.

08-17-2005, 03:23 PM	#20 (permalink)
Joey ^_^ Join Date: May 2005 Location: Maryland Posts: 975	Yes, go into the most protection as possible, it will save you in the end!

08-18-2005, 08:40 PM	THREAD STARTER #21 (permalink)
equity78 NamePros Expert Join Date: Oct 2004 Posts: 7,638	Here is the reply after I said I will pay fees or accept amoney order or a bank wire: really only want to do paypal as I'm trying to keep the government from finding out about my paypal funds... by spending it before the end of year. If you're going by what DGC says can you try asking him if he would trust someone with this rating? It means i've had 85 successful transactions Business Account Overview ????: NamePros.com http://www.namepros.com/showthread.php?t=116199 Name: Homeblock Internet Services (Dan Caban) Email: sales@homeblock.com (Add email) Status: Canadian - Verified (85) __________________ Host your website with name.com and get up to $10.99 off any domain registration First Quarter 2012 5 letter.com sales report

08-18-2005, 09:37 PM	THREAD STARTER #23 (permalink)
equity78 NamePros Expert Join Date: Oct 2004 Posts: 7,638	I agree with you Z it is a no doubter I told him no way he has no logical business sense. Thanks for your time and the input, same with Gene and Midano. ty __________________ Host your website with name.com and get up to $10.99 off any domain registration First Quarter 2012 5 letter.com sales report

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