Best Ways to Accept Payment

shpgrl · 08-11-2006, 12:32 PM

Just wondering when you have made a sale, without using a service, what are the best methods to accept payment? Say if you have a $1000 sale and you have previously been corresponding with the buyer by email, do you have them send a cashiers check? Paypal? Escrow? If escrow, what are the charges for a service like this and which services are better.

wearenotabot · 08-11-2006, 12:44 PM

I use Paypal or bank wire......

shpgrl · 08-11-2006, 01:35 PM

So by using bank wire, does that mean giving out personal account information? Is that secure?

mosilager · 08-11-2006, 02:56 PM

There are a number of methods that are commonly used for domain payments, each has it's own pro's and con's.

If using PayPal, it's secure and quick, however, there is a charge for receiving payment, additionally, PayPal does NOT recognize Virtual Goods, so in the event that something went wrong, it would be hard to get your money back (read their TOS for more information).

If using escrow, both the buyer and seller are protected for fraudulent activities, like paypal, a service charge has to be paid to them. these charges could be paid wholly by the buyer, the seller or split 50/50 (you'd have to determine this with the buyer/seller before the transaction takes place). The service charge depends on the type of payment used, credit card payments are charged higher, wires are the cheapest (but you might get a charge from your bank).

In my opinion, direct wire transfer to a bank account without the use of 3rd party is very risky and not worth taking the risk.

fab · 08-11-2006, 06:05 PM

Paypal is easy and fast. I think there is no charge if you have a personal account and the payer pays from paypal fund.

weblord · 08-11-2006, 06:53 PM

im using clickbank.com, or you can use 2co.com both accepts 1 time payment

shpgrl · 08-12-2006, 12:16 AM

Thanks for the replies. I think I may just go with paypal for the future. I do have a clickbank account, but I don't see how it can be used for selling domain names. Maybe I'm missing something.

I am new to this domain selling thing. I received an unsolicited email last week for the purchase of an unused domain i've owned for over a year. Had no intention of selling it, until I was made this offer. Not sure if it will work out or not, but it has gotten me interested in what this is all about and I have been on this forum now for the past 3 days!!!

raybonga · 08-13-2006, 04:44 PM

Paypal is nice, I also use epassporte.

***SpareDomains*** · 08-13-2006, 05:05 PM

paypal for sales where you trust or know the buyer
escrow.com when you do not know the buyer or the transaction is for more money then you would care to take a chance on losing

LazyD · 08-13-2006, 07:48 PM

For Paypal, they dont charge a commision depending on what you select for reason for payment, I believe there is Ebay auction, goods, services etc.

I believe if you choose Services - Paypal will NOT charge you a commision/Fee for that transaction...

Kadenz · 08-13-2006, 11:03 PM

PayPal only charges fees for premier and business accounts, not for personal, it has nothing to do with the services

gou · 08-14-2006, 07:52 AM

Originally Posted by Borghunter

PayPal only charges fees for premier and business accounts, not for personal, it has nothing to do with the services

I think this is correct.
As I recall it, they don't let you recieve more than $500 per month with a personal account though .

darkmind · 08-14-2006, 11:55 AM

Originally Posted by gou

I think this is correct.
As I recall it, they don't let you recieve more than $500 per month with a personal account though .

I believe that's the withdrawal limit. I have been paid upto $1000 on my personal account. I don't think there is any monthly limit on how much u can recieve!

randomo · 08-14-2006, 05:22 PM

I just offered a domain to an end user in Indonesia, a country that Escrow.com doesn't support. Any suggestions about what I could propose to the buyer for payment? (I doubt they'll want to send a far-off stranger $XXXX in any non-escrowed way.)

08-11-2006, 12:32 PM	THREAD STARTER #1 (permalink)
shpgrl NamePros Member Join Date: Aug 2006 Location: The South, USA Posts: 80	Best Ways to Accept Payment Just wondering when you have made a sale, without using a service, what are the best methods to accept payment? Say if you have a $1000 sale and you have previously been corresponding with the buyer by email, do you have them send a cashiers check? Paypal? Escrow? If escrow, what are the charges for a service like this and which services are better.

08-11-2006, 02:56 PM	#4 (permalink)
mosilager Senior Member Join Date: Sep 2005 Location: Fort Worth, TX Posts: 1,097	There are a number of methods that are commonly used for domain payments, each has it's own pro's and con's. If using PayPal, it's secure and quick, however, there is a charge for receiving payment, additionally, PayPal does NOT recognize Virtual Goods, so in the event that something went wrong, it would be hard to get your money back (read their TOS for more information). If using escrow, both the buyer and seller are protected for fraudulent activities, like paypal, a service charge has to be paid to them. these charges could be paid wholly by the buyer, the seller or split 50/50 (you'd have to determine this with the buyer/seller before the transaction takes place). The service charge depends on the type of payment used, credit card payments are charged higher, wires are the cheapest (but you might get a charge from your bank). In my opinion, direct wire transfer to a bank account without the use of 3rd party is very risky and not worth taking the risk. __________________ Looking For Offers: akl.net/aej.net Anti Snoring Devices \| Discount Golf Palm Springs

08-11-2006, 06:53 PM	#6 (permalink)
weblord NamePros Legend Join Date: Dec 2005 Location: Philippines - www.Nabaza.com Posts: 19,785	im using clickbank.com, or you can use 2co.com both accepts 1 time payment __________________ Nabaza.com - Amaia

08-13-2006, 07:48 PM	#10 (permalink)
LazyD NamePros Member Join Date: Jul 2005 Location: Petaluma, California Posts: 128	For Paypal, they dont charge a commision depending on what you select for reason for payment, I believe there is Ebay auction, goods, services etc. I believe if you choose Services - Paypal will NOT charge you a commision/Fee for that transaction... __________________ Credit Cards - Loans - Insurance Realtors by State House Financing & Mortgage Information Surfing News & Information

08-13-2006, 11:03 PM	#11 (permalink)
Kadenz Resistance is Futile Join Date: Apr 2006 Location: Montreal, Canada Posts: 1,094 Follow @MitchKadenz	PayPal only charges fees for premier and business accounts, not for personal, it has nothing to do with the services __________________ Freelance Web Developer PHP, MySQL, XHTML, CSS, Javascript, jQuery, Wordpress Portfolio: www.bundy.ca

08-11-2006, 12:44 PM	#2 (permalink)
wearenotabot NamePros Regular Join Date: Nov 2005 Location: Ohio Posts: 269	I use Paypal or bank wire......

08-11-2006, 01:35 PM	THREAD STARTER #3 (permalink)
shpgrl NamePros Member Join Date: Aug 2006 Location: The South, USA Posts: 80	So by using bank wire, does that mean giving out personal account information? Is that secure?

08-11-2006, 06:05 PM	#5 (permalink)
fab Senior Member Join Date: Feb 2006 Posts: 1,833	Paypal is easy and fast. I think there is no charge if you have a personal account and the payer pays from paypal fund.

08-12-2006, 12:16 AM	THREAD STARTER #7 (permalink)
shpgrl NamePros Member Join Date: Aug 2006 Location: The South, USA Posts: 80	Thanks for the replies. I think I may just go with paypal for the future. I do have a clickbank account, but I don't see how it can be used for selling domain names. Maybe I'm missing something. I am new to this domain selling thing. I received an unsolicited email last week for the purchase of an unused domain i've owned for over a year. Had no intention of selling it, until I was made this offer. Not sure if it will work out or not, but it has gotten me interested in what this is all about and I have been on this forum now for the past 3 days!!!

08-13-2006, 04:44 PM	#8 (permalink)
raybonga New Member Join Date: Aug 2006 Posts: 4	Paypal is nice, I also use epassporte.

08-13-2006, 05:05 PM	#9 (permalink)
*SpareDomains* Business Member Join Date: Aug 2004 Posts: 2,450	paypal for sales where you trust or know the buyer escrow.com when you do not know the buyer or the transaction is for more money then you would care to take a chance on losing

08-14-2006, 05:22 PM	#14 (permalink)
randomo Senior Member Join Date: Dec 2005 Location: Delaware, USA Posts: 3,225 Follow @BetterDomains	I just offered a domain to an end user in Indonesia, a country that Escrow.com doesn't support. Any suggestions about what I could propose to the buyer for payment? (I doubt they'll want to send a far-off stranger $XXXX in any non-escrowed way.) __________________ See my domains, grouped by category, at BetterDomains.net - reseller offers welcome.

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