How do I handle payment when selling my domain?

RuneMunk · 03-22-2007, 10:00 PM

What is the normal procedure? I doubt that a buyer will simply transfer money to my paypal account without some kind of guarantee.. please enlighten on this subject - Thanks in advance.

JoeCanadian · 03-22-2007, 10:17 PM

If you want a gurantee you can use Escrow.com or some other company to act as an escrow agent - I think they charge $25/transaction.

An alternative approach is to list your name on a place like Sedo and have the buyer bid on it there. Sedo does not release cash to you until they Buyer gets their domain name. But of course a commission has to be paid.

But a lot of domains get traded with no more guarantee than the other parties good reputation. I buy domains both here and on EBay and always look at Seller's reputation before sending money. So far so good - never had a loss of any signficance over hundreds of different transactions.

***SpareDomains*** · 03-22-2007, 10:32 PM

if you know or trust the buyer paypal can work, if the buyer is someone you don't know or trust use escrow.com or moniker, sedo, afternic escrow service.

WilliamKeller · 03-23-2007, 06:10 AM

I had a lucky first experience
the first domain I ever registered was a few weeks ago
It was techbuzz.info
I paid 99 cents
A few hours later, I had a buyer, I told him $20, he sent $250 to my paypal account
I pushed the domain the next day :-)
so yo answer your question, yep, he just sent payment!

WeBuyThe.Com · 03-23-2007, 06:20 AM

Originally Posted by carolynheath

I had a lucky first experience
????: NamePros.com http://www.namepros.com/domain-newbies/308377-how-do-i-handle-payment-when.html
the first domain I ever registered was a few weeks ago
It was techbuzz.info
I paid 99 cents
A few hours later, I had a buyer, I told him $20, he sent $250 to my paypal account
I pushed the domain the next day :-)
so yo answer your question, yep, he just sent payment!

What did you do with the extra $230?

WilliamKeller · 03-23-2007, 06:30 AM

bought a wii (I said id sell for $20, he said he thought it was worth $250)
:-)

daabomb2002 · 03-27-2007, 02:23 AM

people will send paypap payments cuz is safe. you need a valid credit card for paypal and to buy a credit card you either get it from your bank,or get a prepaid one which someone can buy and needs to buy it with an atm card. and paypal has protection because when you send money,people say,"i'm sending money for this www.domainname.com",then a person has to accept your payment.
So if you say,i didn't sell the domain name,then why did u accept the payment when it says it's for this domain name.
So people will transfer money using paypal.they are protected.

NameCharger · 03-27-2007, 12:09 PM

Originally Posted by carolynheath

A few hours later, I had a buyer

How did you advertise it?

shockie · 03-27-2007, 01:30 PM

Originally Posted by daabomb2002

people will send paypap payments cuz is safe. you need a valid credit card for paypal... blahblahblah

wrong.

WilliamKeller · 03-27-2007, 02:05 PM

@fitz
I emailed the guy who owned the .com
he was starting a bussiness around the name aperently

NameCharger · 03-27-2007, 03:58 PM

carolynheath - thanks for the response

I've thought about doing the same thing...

03-22-2007, 10:00 PM	THREAD STARTER #1 (permalink)
RuneMunk New Member Join Date: Mar 2007 Posts: 3	How do I handle payment when selling my domain? What is the normal procedure? I doubt that a buyer will simply transfer money to my paypal account without some kind of guarantee.. please enlighten on this subject - Thanks in advance.

03-22-2007, 10:17 PM	#2 (permalink)
JoeCanadian NamePros Regular Join Date: Aug 2006 Location: British Columbia, Canada Posts: 635	If you want a gurantee you can use Escrow.com or some other company to act as an escrow agent - I think they charge $25/transaction. An alternative approach is to list your name on a place like Sedo and have the buyer bid on it there. Sedo does not release cash to you until they Buyer gets their domain name. But of course a commission has to be paid. But a lot of domains get traded with no more guarantee than the other parties good reputation. I buy domains both here and on EBay and always look at Seller's reputation before sending money. So far so good - never had a loss of any signficance over hundreds of different transactions. __________________ My 4 Letter .com's

03-23-2007, 06:30 AM	#6 (permalink)
WilliamKeller Account Closed Join Date: Feb 2007 Posts: 391	bought a wii (I said id sell for $20, he said he thought it was worth $250) :-) Last edited by carolynheath; 03-23-2007 at 06:34 AM.

03-22-2007, 10:32 PM	#3 (permalink)
*SpareDomains* Business Member Join Date: Aug 2004 Posts: 2,450	if you know or trust the buyer paypal can work, if the buyer is someone you don't know or trust use escrow.com or moniker, sedo, afternic escrow service.

03-23-2007, 06:10 AM	#4 (permalink)
WilliamKeller Account Closed Join Date: Feb 2007 Posts: 391	I had a lucky first experience the first domain I ever registered was a few weeks ago It was techbuzz.info I paid 99 cents A few hours later, I had a buyer, I told him $20, he sent $250 to my paypal account I pushed the domain the next day :-) so yo answer your question, yep, he just sent payment!

03-27-2007, 02:23 AM	#7 (permalink)
daabomb2002 NamePros Member Join Date: Mar 2007 Posts: 121	people will send paypap payments cuz is safe. you need a valid credit card for paypal and to buy a credit card you either get it from your bank,or get a prepaid one which someone can buy and needs to buy it with an atm card. and paypal has protection because when you send money,people say,"i'm sending money for this www.domainname.com",then a person has to accept your payment. So if you say,i didn't sell the domain name,then why did u accept the payment when it says it's for this domain name. So people will transfer money using paypal.they are protected.

03-27-2007, 02:05 PM	#10 (permalink)
WilliamKeller Account Closed Join Date: Feb 2007 Posts: 391	@fitz I emailed the guy who owned the .com he was starting a bussiness around the name aperently

03-27-2007, 03:58 PM	#11 (permalink)
NameCharger Senior Member Join Date: Mar 2007 Posts: 1,708	carolynheath - thanks for the response I've thought about doing the same thing...

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