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frank-germany

domainer since 2001 / musicianTop Member
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it looks to me like here are members who may try this trick:

get you into a deal
and then after its locked in
like agreed in escrow
or SOLD here

after getting you down as much as possible

then do not pay
and as the domain is locked for them

simply wait for the development of the ( chinese ) market

and later if market goes up
may eventually pay you then
and if not
they may simply just disapear



same happens at sedo
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
I had a Sedo sale back in November 2015.

Buyer paid but disappeared. Domain is still sitting with Sedo.

UNRZ.com
 
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This could be a big problem here in the next few weeks with many anticipating another spike in the short domain market with the coming and passing of Chinese new year. Thanks for the info.

There should be some very clear literature here and at other marketplaces (if not already in place) about how long these agreements are binding for.

I had a Sedo sale back in November 2015.

Buyer paid but disappeared. Domain is still sitting with Sedo.

UNRZ.com
Not the same situation as the OP has written about, yes this happens to but if paid it's not some sort of shady dealing like frank-germany is talking about.
 
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Not the same situation as the OP has written about, yes this happens to but if paid it's not some sort of shady dealing like frank-germany is talking about.

Yeah. It's not the same. Just stating that the opposite could happen. Buyer paid and totally forget his purchase. Lol
 
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it looks to me like here are members who may try this trick:

get you into a deal
and then after its locked in
like agreed in escrow
or SOLD here

after getting you down as much as possible

then do not pay
and as the domain is locked for them

simply wait for the development of the ( chinese ) market

and later if market goes up
may eventually pay you then
and if not
they may simply just disapear



same happens at sedo
Great post!!! I complete agree!
 
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Yeah. It's not the same. Just stating that the opposite could happen. Buyer paid and totally forget his purchase. Lol

He might have died. Who knows?
 
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I had a Sedo sale back in November 2015.

Buyer paid but disappeared. Domain is still sitting with Sedo.

UNRZ.com

same here. buyer paid but didn't take the domain from sedo it is over a year now, sedo keep renewing the domain.

well sedo paid me my cash. but i wonder why the name is still with sedo
 
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If you know of members who are doing this, please share their names. Thanks.
 
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same here. buyer paid but didn't take the domain from sedo it is over a year now, sedo keep renewing the domain.

well sedo paid me my cash. but i wonder why the name is still with sedo

Sedo earned at least $60 from each sale. They can afford to renew for 7 years and not lose money and then auction it off at the 7th year for a nice profit.
 
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You can protect yourself by specifying a shorter period to pay than the 1-week rule. For example, when starting an auction, write that the payment must be done within 24 hours or the deal is off.
 
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Sedo earned at least $60 from each sale. They can afford to renew for 7 years and not lose money and then auction it off at the 7th year for a nice profit.
oh. you are right.

but why will the buyer leave the domain at sedo?

it was a company that bought my domain (plural version)
 
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Looks interesting...
All my buyers got their domain from sedo & started their development within 3-6 months.
 
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you may want to talk to sedo to reverse the sale covering the fees yourself
 
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when selling a domain same applies

sedo just want their commission paid by buyer

godaddy told me they will bann the user
but I think they won't
 
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it looks to me like here are members who may try this trick:

get you into a deal
and then after its locked in
like agreed in escrow
or SOLD here

after getting you down as much as possible

then do not pay
and as the domain is locked for them

simply wait for the development of the ( chinese ) market

and later if market goes up
may eventually pay you then
and if not
they may simply just disapear

same happens at sedo

I am not sure I understand. If a buyer does not pay, you simply cancel the transaction after a few days and sell it again to someone else. It does not really represent a big problem.
 
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I am not sure I understand. If a buyer does not pay, you simply cancel the transaction after a few days and sell it again to someone else. It does not really represent a big problem.
.

not a big problem

just keeping you busy for a few hours
-how do you value your life-time?

and keeping you from finding a better (for you) partner for that domain
as you think its SOLD

and it may be a cashflow problem for some

and some may use paypal
evetually face a refund

some may give the domain away upfront
w/o payment

but actually no problem
 
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.. and did I mention
I have agreed to an escrow deal

I have no clue how to get rid of that

will I have to pay the escrow fees?
--- if he simply doesn't pay and disappears

- he has not reacted to any PM since jan 31 5:22pm

and my time to talk to him
how escrow works
and so on

no problem?

he was asking for other of my domains to buy from
in that process

so he tries to lock as many domains as he can
talking to at least 10 other sales threads here
and placing offers


no problem.
 
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This is the 5th or 6th warning thread I've read in the past 24 hours on NamePros. Why are some domainers being so problematic as of late?
 
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thanks for the heads up Frank..
 
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"Chinese domain investor" is a euphemism for lowballing renegging scammer. I will share my own experience soon.

Regarding Escrow.com transactions, contact Support to explain what happened. These front-selling bastards need to be banned from all venues.
 
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Domainers with problems.
That they think is unique to domains.
But the problems are not.
 
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.. and did I mention
I have agreed to an escrow deal

I have no clue how to get rid of that

will I have to pay the escrow fees?
--- if he simply doesn't pay and disappears
no problem.

That happened to me a few times in the past.

I contacted Escrow by email asking to cancel a transaction, with all the necessary transaction # and other information.
If no payment has been made, they will instantly cancel the transaction. No fees to pay for nobody.
 
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.. and did I mention
I have agreed to an escrow deal

I have no clue how to get rid of that

will I have to pay the escrow fees?
--- if he simply doesn't pay and disappears

Did you ever think to read the terms of the service you were using? The answers are likely to be there. At escrow.com, for example, you can cancel as long as they haven't received funds (but don't do it too soon or you'll be getting your very own warning thread here these days). If the funds are received you've sold the name so ...?

As a rule with cashflow spending on a non-settled basis is a financial risk. With exceptions, you shouldn't do it unless you have some capital you can leverage in emergencies. I'm not sure what the warning is here - that some people don't pay in a timely fashion?
 
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when selling a domain same applies

sedo just want their commission paid by buyer

godaddy told me they will bann the user
but I think they won't
Oh we will! And thanks for bringing this up. I was wondering if it was happening. If you use our auctions you have a time period where payment must be made and you can contact support for help if the buyer doesn't pay in time. If you are using another venue like NamePros I would also put in a time limit on the price you offer. It is a good habit to get into on any sale.
 
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Oh we will! And thanks for bringing this up. I was wondering if it was happening. If you use our auctions you have a time period where payment must be made and you can contact support for help if the buyer doesn't pay in time. If you are using another venue like NamePros I would also put in a time limit on the price you offer. It is a good habit to get into on any sale.

I would say it's not really a good habit but something that is required :) But please keep hammering that point home until people get it.

It solves most of the "warning" posts and questions of morals/ethics because it's a defining parameter. Every transaction should have an understanding of a Price, a Time, a Method, and a Confirmation/Close at minimum. The stuff GoDaddy / Escrow.com / Sedo has by default (some better than others).
 
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