Resolved

[Keith]

@Jackson Elsegood
Regarding transaction 4532982 for CBDcity.com for $11,500...

The buyer took possession via push at godaddy and immediately requested that escrow cancel the deal. I’ve provided loads of email verification to escrow to show my position. Meanwhile they are asking me to work with the buyer to get the domain back.

I’ll need to be paid or I will take legal action. My suggestion is that escrow do a little homework to verify the account push. I’ve done too much business with you guys for you to put this back on me. The buyer is a scam artist and I won’t play games!

 

[Bob Hawkes]

I am glad that the situation is apparently resolved. We have learned a few things about escrow (generically) during the thread. I agree with those who say that the title should never have been so inflammatory and in the very least it should be changed to something like "Issue in Escrow.com transaction" or ideally "Escrow.com transaction issue resolved" now. Hopefully @NamePros will change the title.

 

[Josh R]

I am glad that the situation is apparently resolved. We have learned a few things about escrow (generically) during the thread. I agree with those who say that the title should never have been so inflammatory and in the very least it should be changed to something like "Issue in Escrow.com transaction" or ideally "Escrow.com transaction issue resolved" now. Hopefully @NamePros will change the title.

Exactly

 

[xynames]

So far, what we have learned is that both Epik and escrow.com have TOS that allow the buyer or seller to cancel the transaction including after buyer has made payment. In the case of escrow.com including even after domain has been transferred to the buyer.

i.e. That HERE, buyer was within his rights to ask for cancellation even after receiving the domain and in such event to get his money back he would have had to return the domain to the seller.

i.e. That escrow.com’s request that seller get the domain back may have sounded terrible, but was simply going to be the natural requisite resolution of this situation, if buyer had continued to insist on cancellation.

No theft attempt. No theft protection.

We may speculate on why buyer was trying to cancel and maybe he was trying to create undue noise to make an excuse for cancellation (or maybe buyer’s just a paranoid conspiracy theorist) but in reality - he didn’t need an excuse - he was within his rights to ask for cancellation.

 

[Keith]

So far, what we have learned is that both Epik and escrow.com have TOS that allow the buyer or seller to cancel the transaction including after buyer has made payment. In the case of escrow.com including even after domain has been transferred to the buyer.

i.e. That buyer was within his rights to ask for cancellation even after receiving the domain and in such event to get his money back he would have had to return the domain to the seller.

i.e. That escrow.com’s request that seller get the domain back may have sounded terrible, but was simply going to be the natural requisite resolution of this situation, if buyer had continued to insist on cancellation.

No theft attempt. No theft protection.

We may speculate on why buyer was trying to cancel and maybe he was trying to create undue noise to make an excuse for cancellation (or maybe buyer’s just a conspiracy theorist like Rob Monster) but in reality - he didn’t need an excuse - he was within his rights to ask for cancellation.

Your rights go out the window when you knowingly accept the domain minutes before trying to cancel. Not only that but you claim the seller hacked your godaddy account and you don’t have access. It’s a miracle he gained access after I created this thread, imagine that... That’s attempted theft at its finest.

Oh, please refund my money because I don’t have the domain. That’s what went on here. Meanwhile he had it the entire time. It doesn’t take a genius to see the scam.

 

[xynames]

You should invite the buyer to come on here and post. You seem to imply that he knew about the thread anyway, that something miraculous happened after you created it.

 

[wwwweb]

You should invite the buyer to come on here and post. You seem to imply that he knew about the thread anyway, that something miraculous happened after you created it.

SJV 2 B.V. operates an online stoners community. The company is based in Amsterdam, the Netherlands.

 

[Keith]

You should invite the buyer to come on here and post. You seem to imply that he knew about the thread anyway, that something miraculous happened after you created it.

I’m not implying anything. They got their shit together after the thread was created because the brass at escrow was tagged and got involved.

 

[xynames]

Buyer was a legitimate company with a public presence right? as wwwweb stated above - and that was obviously then going to use the domain for a public forum or some such. For some right out in the open use it would seem. I don’t buy that they were trying to get the domain then use it publicly - for free. Plus such a company must’ve bought domains before obviously did have an escrow.com account and would’ve known that they couldn’t end up with both the domain and the money. Just not plausible. Does such a scenario even make sense to you? You tell me.

What was going on was that buyer wanted to cancel the deal. Why - who knows.

 

[Keith]

Buyer was a legitimate company with a public presence right? as wwwweb stated above - and that was obviously then going to use the domain for a public forum or some such. For some right out in the open use it would seem. I don’t buy that they were trying to get the domain then use it publicly - for free. Plus such a company must’ve bought domains before obviously did have an escrow.com account and would’ve known that they couldn’t end up with both the domain and the money. Just not plausible. Does such a scenario even make sense to you? You tell me.

What was going on was that buyer wanted to cancel the deal. Why - who knows.

You assume a lot.

No, the buyer did not have an escrow account prior to this deal. I had no clue who they were or if they were legit.

What I do know is that he didn’t mention any affiliation with a company. Quite the contrary. He tried to buy months ago and backed out after escrow was set up. Then he came back again saying he was ready since he got divorced and could spend his money however he wanted now.

Add in all the BS nonsense and it doesn’t come across as a legit company in the least.

 

[xynames]

When I buy a domain I always tell the buyer my high net worth and how deep pockets I have too.

When a company buys a domain from me they always reveal exactly who they are yes always.


Anyway your analysis (that he was trying to get both the domain and his money) is implausible. If anything your new details above show how the buyer was uncertain which makes sense that he tried to cancel. It’s not like the price for that domain is exactly a steal he probably had, as a couple others above also pointed out, buyer’s remorse.

At the end of the day he had a legal right to cancel including after paying.

Luckily this turned out well for you the seller but I’d learn from it - that buyer is allowed to cancel even after paying - rather than continuing to insist otherwise legally irrelevant factors (unless you were planning to sue him for specific performance, that is, in which case his alleged bad faith could have been brought up but I think your case would have been preempted by escrow.com TOS that allow buyer cancellation even after payment).

 

[Keith]

When I buy a domain I always tell the buyer my high net worth and how deep pockets I have too.

When a company buys a domain from me they always reveal exactly who they are yes always.

Assume what you want but the reality is that you’re clueless when it comes to the specifics of this deal. I even said on the first page of this thread that I didn’t give all the details.

 

[dande]

This is really bad. I'll never accept to push a domain if using Escrow or any platform that is not a registrar

 

[xynames]

Assume what you want but the reality is that you’re clueless when it comes to the specifics of this deal. I even said on the first page of this thread that I didn’t give all the details.

You blame an escrow for thief protection.

I am assuming nothing. Is there something you could say that would preempt the escrow.com TOS which allow buyer to cancel including after making payment? If so, let’s hear that instead of repeated legal irrelevancies that yes - I agree could have something to do with buyer motive but I can’t see how would change the escrow.com contract that bound you two.

 

[Internet.Domains]

You blame an escrow for thief protection.

I am assuming nothing. Is there something you could say that would preempt the escrow.com TOS which allow buyer to cancel including after making payment? If so, let’s hear that instead of repeated legal irrelevancies that yes - I agree could have something to do with motive but I can’s see how would change the escrow.com contract that bound you two.

Are you saying the buyer can cancel escrow after the domain has transfered to the buyer?

 

[xynames]

If you scroll up you’ll see that both Epik and escrow.com do allow cancellation after buyer has paid.

Escrow.com additionally allows cancellation after receipt of the domain. Of course. What’s an inspection period? Just the way it is and this applies to domains as well as anything else that is the subject of an escrow at escrow.com

Yes it could end up in a messy lawsuit where seller tries to force buyer to perform but still the escrow.com TOS do allow it.

 

[mr-x]

The buyer took possession of the domain and immediately tried to cancel at escrow. That is not good faith!

Attempted fraud, theft.

3 different agents at escrow asked me to work with the buyer to get the domain returned. That is not my job. I followed escrow instructions and pushed when prompted. The next step is to receive funds and nothing more.

Lazy employees don't want to accept any risk / blame.

The buyer also claimed that I hacked his account after pushing which is absurd. It wasn’t until this thread was created that escrow started to move quickly. I sent upwards of 10 emails to the buyer and support that showed the successful domain push.

Yes, the buyer accepted. It took numerous threats and lots of follow up communication from me/escrow to make that happen. Honest people don’t operate that way in business, or life for that matter!

Without a platform like namepros.com, you'd probably have to hire a lawyer to get your money from escrow.com

Also, they took the scammers side by asking me to get the domain back. That’s not my job. It’s escrows job to do their homework and disburse funds at this stage of a deal.

And you're still considering using their "concierge" service. Concierge, == paying so support won't abandon you.

 

[uzver]

I am assuming nothing. Is there something you could say that would preempt the escrow.com TOS which allow buyer to cancel including after making payment?

I don’t want to interfere, but everyone knows buyer can cancel the transaction after making payment. But the OP clearly said multiple times that the buyer wanted to cancel the transaction after a domain push at GoDaddy.

 

[xynames]

If you scroll up you’ll see that both Epik and escrow.com do allow cancellation after buyer has paid.

Escrow.com additionally allows cancellation after receipt of the domain. Of course. What’s an inspection period? Just the way it is and this applies to domains as well as anything else that is the subject of an escrow at escrow.com

Yes it could end up in a messy lawsuit where seller tries to force buyer to perform but still the escrow.com TOS do allow it.

Escrow.com does allow buyer to cancel after receipt of merchandise. Including domains.

 

[Internet.Domains]

Yes it could end up in a messy lawsuit where seller tries to force buyer to perform but still the escrow.com TOS do allow it.

Your words, not mine....How's that escrow license helping you now?

 

[uzver]

Escrow.com additionally allows cancellation after receipt of the domain. Of course.

In this case Escrow.com should hold the money and ask the buyer to push the domain back, no?

 

[wwwweb]

Looks like the buyers operate a site called GrassCity.com

 

[xynames]

In this case Escrow.com should hold the money and ask the buyer to push the domain back, no?

Yes. Exactly! Escrow would then freeze the money. And escrow did then ask seller to get the domain back. Escrow would have also asked buyer to return the domain to seller.

Which led to seller’s panic and inaccurate claim here that escrow.com was protecting a thief.

I can relate to seller’s panic but thief protection is not what was going on.

 

[Internet.Domains]

Yes. Exactly! Escrow would then freeze the money. And escrow did then ask seller to get the domain back. Escrow would have also asked buyer to return the domain to seller.

Which led to seller’s panic and inaccurate claim here that escrow.com was protecting a thief.

I can relate to seller’s panic but thief protection is not what was going on.

You should reread the OP. You seem to be missing some key points.

 

[xynames]

Your words, not mine....How's that escrow license helping you now?

When I sell a domain, I sell something that I assume is worth something that the buyer really wants to buy.

If a buyer doesn't want to buy or wants to get out of a deal, he'll find a way.

If what you're saying is that you NEED an escrow service where buyers are trapped into buying because what you're selling is something so bad that your buyers might back out at any time, then okay - stick with what works for you. But I don't think that is what you are saying.

For the normal above board deals, I would rather be protected from escrow insolvency or escrow fraud than from last minute buyer's remorse. Which is why I prefer a licensed bonded escrow. As well the buyers I deal with are end users, and many feel more comfortable with a U.S. licensed bonded escrow.

 

[Internet.Domains]

When I sell a domain, I sell something that I assume is worth something that the buyer really wants to buy.

If a buyer doesn't want to buy or wants to get out of a deal, he'll find a way.

If what you're saying is that you NEED an escrow service where buyers are trapped into buying because what you're selling is something so bad that your buyers might back out at any time, then okay - stick with what works for you. But I don't think that is what you are saying.

For the normal above board deals, I would rather be protected from escrow insolvency or escrow fraud than from last minute buyer's remorse. Which is why I prefer a licensed bonded escrow.

Most legitimate buyers would not take possession of a domain and immediately cancel Escrow. Let's suppose it was buyers remorse and the buyer no longer wanted the domain. The buyer would then inform Escrow and possibly the seller to initiate giving the domain back.......That did not happen in this case. Instead the buyer took possession and immediately tried to cancel Escrow. To add insult to injury, Escrow then expected the seller to get the domain back.