Accidentally clicked "SOLD" on Sedo

If he doesn't get a response at all it is the other guys problem, not his.

The first time our man here screws someone over though it is his reputation on the line, the same as it is with anyone so you had damn well make sure it is a good one because you do not get second chances.

would suggest to do whatever possible to get it into auction, (if sedo allows)
have seen a few of my sales take over 3 months even ! so even if the buyer has to wait , it is not a problem, however if sedo does not allow this ,

Have to Take the offer As it is!
hard luck then! better to be careful while taking action on offers !

Sellers Remorse?

The guy sold a domain for $10.... ($60 - $50 sedo fee) not to mention if he paid $8 for the name than its a $2 profit... I am going to believe accident over remorse.. I wouldn't even waste my time on a $10 sale, period, too many headaches with Sedo for a $10 sale.

If it is TRULY a mistake than say so... If it is truly remorse then suck it up...

Even men of integrity make mistakes, (clicking on a wrong button is one). I don't think the man loses his integrity because he clicked on the wrong button.

Hypothetical Situation... Say YOU (anybody reading this) put an offer of $5600 on the domain you wanted... Just to find out AFTER you submitted that you put an extra zero on the end making it $56,000. Would you go through with the transaction? Even at the cost of refinancing your house for your "good reputation", doubt it.

DOTKER: Talk is cheap on the internet, especially when it is other people talking about YOUR life. At the end of the day you have to answer to yourself ( and God ) and no one else...

JD

Thanks JD, guess your right its an honest mistake. On real life business I think they will consider it or atleast settle with something.

Well anyway been days now n still no response decided to give them a call but they are not listing their phone number anywhere.

Anyone got SEDO's number?

not to worry ....i once accidently regged a .asia !

The sales agreement has been reached and is legally binding. As the contract has been concluded between you and the buyer only Sedo is not authorized to cancel the contract. Please note that in case of cancellation the buyer is eligible to take legal action against you.

If you wish to cancel the transfer please contact Mira, your transfer agent directly

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This is their response, so I am allowed to cancel the contract?

I think i also immediately contacted the sales agent regarding this.

Sedo's number: tel +49 221.34030.230 :: fax +49 221.34030.102

it seems their answer is quite straight forwards

dotker said:

This is their response, so I am allowed to cancel the contract?

I think i also immediately contacted the sales agent regarding this.

Sedo's number: tel +49 221.34030.230 :: fax +49 221.34030.102

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Yes you are. However you will probably lose your Sedo account, reputation, and the "buyer" will have legal recourse.

Suck it up, move on.

dotker that answer from Sedo means accept what happen and move on with your domaining career.

I agree! Accept responsibility for YOUR actions and do the right thing. Look at the bright side, at least it was just a "submit button" that you pulled and not the trigger of a gun pressed against your head.

Be glad you found a buyer. And after all, if you were willing to send it to auction and roll the dice, things are not all bad. And your head is intact! IMO.

dotker said:

This is their response, so I am allowed to cancel the contract?

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So question: If that same buyer wanted to put only a $60 offer and accidentally per them put in an offer of $6000 instead and you accepted it, would you be happy if Sedo allowed them to cancel the contract without recourse? don't laugh, almost that same exact thing happened to me there - buyer submitted $20,000 on a domain, then told Sedo they meant to put in $2,000 - despite the fact they went through a confirmation screen for their offer (as did you by the way in accepting the offer on your domain unless I'm misremembering the process).

This is business, and in business you are either a person that stands by their word and their actions or you are not worth dealing with, period. Accidents happen - true businessmen know that if such accidents involve others, the ethical thing to do is suck it up and move on. Your reputation SHOULD BE worth far more than however much money you think you lost by not instead putting the name into auction (and I guarantee you on Sedo, most auctions do not do as well as people hope they will).

'the right thing to do'
'save your reputation'

All I can say is LOL

i don't think he will learn

two weeks before I got a offer 500 euro from sedo, I accepted the offer without second thought, an hr later I got a mail from saying sedo canceled the transaction because buyer made bid accidentally, later I came to know that he really want to make a bid of 50 euro not 500

Here buyer has option to cancel the his offer, then obliviously in this case sedo need to cancel this transaction as per your(seller) request.

DNBro said:

two weeks before I got a offer 500 euro from sedo, I accepted the offer without second thought, an hr later I got a mail from saying sedo canceled the transaction because buyer made bid accidentally, later I came to know that he really want to make a bid of 50 euro not 500

Here buyer has option to cancel the his offer, then obliviously in this case sedo need to cancel this transaction as per your(seller) request.

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I think not!

Living in D.C. with the politicians, I can tell you that isnt true.
These people have the worst reps but here they are in dc making laws.
If you are selling to end users they won't know you screwed over 100 people. You either want to stand by your word or you don't
People back out of deals all the time. But the contract you signed/accepted probably says your obligated.
Tough loss there for sure

I don't think Sedo will accept anyone backing out of a SOLD confirmation, accidental or not.

You can always refuse to transfer the domain of course, but then you'll never be able to use Sedo's serivce again. Plus, I wouldn't want to be going up against Sedo should they want to enhance their already impressive credentials as the most reputable, safest domain auction there is. They may decide to spend money on legal action to force the sale on behalf of the buyer... and I'm guessing they have deeper pockets than you.

Me, I'd take the loss and maintain a good working relationship with Sedo and hope to make it up on future transactions.

---------- Post added at 09:26 AM ---------- Previous post was at 09:10 AM ----------

kev said:

I think Sedo should automatically deduct the money owed to a seller when the domain is sold. Surely that would benefit Sedo aswell as the sellers...they get their commission, we get our dough! why does this not happen?

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I have no idea why Sedo wouldn't set up a system where they confirm ahead of time funds are on account. Most online auctions do, then immediately take payment when the item is sold. It would weed out the dishonest, enhance Sedo's service, and make everyone more money. I can't believe they haven't though of it, so maybe there are legal or regulatory issue at play.

Here is what happens when a buyer refuses to pay. I suppose the procedure is similar to what happens with sellers:

I had a domain for sale at Sedo, and a buyer made an offer. I made a counter offer for $170,000 (it was a great name). The buyer clicked the button to buy at my offer. A few days later I got a phone call from Sedo and an email. They explained on the phone (in more politically correct terms) that the buyer was an idiot, and could not tell the difference between $170,000 and $170. So the buyer thought he was getting the deal of the century.

Sedo gave me the full name and address of the buyer in case I wanted to sue. People make mistakes, so I just moved on. Here is the letter I got from Sedo as a seller:

Dear ***,

A status update with the subject of "The buyer's address is now visible in your contract." has been posted regarding the transfer of ***.

Please login through the link below or select the domain from your Transfer Center.

https://sedo.com/member/transfer/***

To contact your Transfer Specialist, please do not reply to this message, but log into your Sedo account and submit a message.

Best regards,
***

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I am pretty sure that nothing at all happened to the buyer, and was probably not banned.

.

:hi: I think that sometimes people have a problem with regional settings.
In other countries comma (,) is the decimal separator and dot (.) is the grouping.

sdsinc said:

:hi: I think that sometimes people have a problem with regional settings.
In other countries comma (,) is the decimal separator and dot (.) is the grouping.

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The buyer's offer was made in USD, and I responded in USD. Anyway, the point is that mistakes happen, and cutting people slack is a reasonable thing to do when mistakes are made, and I am really not a "sue 'em" kind of guy anyway. What goes around comes around...

.

I doubt sedo bans you if you tell them it was a mistake, you were drunk. Of course if you are just changing your mind then you would be lieing to them.
If banned you would probably just open another account.
People do this on godaddy all the time, and I unfortunately run into them.
This is the wild west, not top secret base where everything is watched.

Update, they allowed me to reset the transaction took a little while though. But thank you Sedo! Have just sent the domain to auction atleast buyer will be less pissed.

I really think its an honest mistake, like people who makes those extra 0 at the end. Mistakes are mistakes, & it can happen to everyone. Contracts can be changed, but I guess this is left to the other party's understanding.

buyers remorse is not a mistake

Let us know the auction results

if it's the domain in your sig I don't think it was worth all this trouble and jeopardizing your reputation (I think I know the final sales price)..

But I believe you that it was an honest mistake and not sellers remorse..

Hypothetical Situation... Say YOU (anybody reading this) put an offer of $5600 on the domain you wanted... Just to find out AFTER you submitted that you put an extra zero on the end making it $56,000. Would you go through with the transaction? Even at the cost of refinancing your house for your "good reputation", doubt it.

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if the extra zero would mean refinancing my house and having to explain this to my wife (:D) then most likely: NO

if the extra zero would mean instant pasta instead of caviar for the next 12 month then most likely: YES