Warning

iowadawg said:

Domainers with problems.
That they think is unique to domains.
But the problems are not.

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You're right. I know a guy who was a real estate agent who would put down an offer on a house with a 30 day out and then he had the house locked in and put it on the market for 30 days to try and flip it. If it flipped he made money and if not he paid a piddly sum and walked. Happens in many venues for people who know the loopholes but the domain industry is relatively small and in my experience you can only piss people off so long until everyone knows who you are and what you do. The most valuable thing you have is your reputation and losing it for a few bucks is beyond short sighted.

Joe Styler said:

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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The one thing Go Daddy can do is to make the auction platform more transparent AND release the name and contact details of deadbeat buyers to the seller without requiring a lawyer/legal system.

Lately, I have been having difficulties lately with malicious/revenge bidders (I believe from this very forum), and it would be helpful to know who they are.

It's time that this industry take a stand against deadbeat buyers AND sellers, and the only way we can do this is to name and shame these idiots.

DU said:

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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yes my friend I read them carefully
before I did my 1.) transaction

there is no way for me as a seller to cancel a transaction, that is waiting for payment
-at least I didn't find any

@DoumB21 thanks for letting me know support will fix that

DU said:

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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the warning was an actual one ment for those doing trades right now

daj said:

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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if there is an actual threat just going on
I really love to be warned

so I warn others
-any problems with that?

frank-germany said:

yes my friend I read them carefully
before I did my 1.) transaction

there is no way for me as a seller to cancel a transaction, that is waiting for payment
-at least I didn't find any

@DoumB21 thanks for letting me know support will fix that

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If Escrow.com as I can infer from your response above it's in the FAQ.

https://beta.escrow.com/support/faqs/faq-questions/how-do-buyers-or-sellers-cancel-transactions

frank-germany said:

if there is an actual threat just going on
I really love to be warned

so I warn others
-any problems with that?

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I'm not saying you and others who are warning others are being problematic. It just seems there's more questionable domainers as of late who don't want to handle business matters properly.

If you use Escrow.com and the buyer does not pay within 10 days they automatically cancel the transaction. If they don't pay in the stated time-frame, sell it to someone else.

the user is question is:

smalldog

https://www.namepros.com/members/smalldog.986256/


it looks to me he has disappeared already

Happened to me few times. I was even mocked by few stating "its a common practice and get over it"

looks like his account is closed..

https://www.namepros.com/threads/au...uue-vlzt-com-7-years-old.867146/#post-4921798

A few weeks back I got into a tangle here on Namepros with someone who was obviously scamming. I left a negative feedback in his trade rating (he had zero ratings so far) as a warning to the good folks in this forum, but then he turned around and left a negative feedback in my trade rating! I complained to management here and they took off both ratings and told me that since the transaction hadn't been completed, no one should have left a negative rating.

I guess we need a better warning system on Namepros, so we can look out for each other.

Geeez, this was something I wasn't even aware off. Thanks OP for the heads up.

Dylan Andersen said:

A few weeks back I got into a tangle here on Namepros with someone who was obviously scamming. I left a negative feedback in his trade rating (he had zero ratings so far) as a warning to the good folks in this forum, but then he turned around and left a negative feedback in my trade rating! I complained to management here and they took off both ratings and told me that since the transaction hadn't been completed, no one should have left a negative rating.

I guess we need a better warning system on Namepros, so we can look out for each other.

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talk to @eric-lyon

frank-germany said:

talk to @eric-lyon

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That's who I spoke with.

domainnamesdirect said:

Happened to me few times. I was even mocked by few stating "its a common practice and get over it"

looks like his account is closed..

https://www.namepros.com/threads/au...uue-vlzt-com-7-years-old.867146/#post-4921798

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Favorite words on this forum:

Jen-Sin said:

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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I doubt about it. He paid; I don't think he forgot his purchased. He might just don't have the time to do the transfering and such. People has many things to do.
Just like me, I don't do transfering right away. As long as I paid the item, then it's mine. And I wil take my time to whatever with my purshased.

Joe Styler said:

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.

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Hello Joe,
I'm sorry to say this; but twice in the last 6 month that 2 Auction Sellers didn't honor pushing the domains after I as a buyer won/made the payment. In both cases; Sellers were able to 1- Relist the domain on auction on GD; Again! 2- Seller was able to transfer/sell the domain to another user! Right under GD Auction Dept. watch.

I'm happy to say that 95% of all my transactions went flawlessly; and I got refunded for the 2 cases above. However; It's regrettable to say that GD Auction Dept. is unable/unwilling to deliver on 'Transaction Assured Auctions" and it lacks any control over the domain after auction close, and it leaves it all to the Seller to honor the sale or walk away.

Best regards,

Thanks Marsi. There are some changes coming this year to make that less of an issue. What I have been seeing happen with the CHIPs especially is that some names are changing hands so quickly they are not being updated in real time and with a delay of a day or two there is a potential impact. Let me give you a scenario:

Domain Investor A has a domain FDGH.com and lists it for $1600 on GoDaddy, Domain Name Sales, Sedo, Flippa, etc etc, and of course direct Whois inquiries. Well the name is undervalued so multiple people spot it. Someone buys the domain name at Sedo and the domain isn't moved to the new buyer yet, Buyer B. Buyer C buys the domain name at GoDaddy. Pays us and the name is already moving to Buyer B at Sedo. There is probably also a Buyer D, E, and F at other places that the name is listed

Buyer C contacts us and says, I didn't get the domain. We follow up and find out Domain Investor A no longer has control over the domain. We take action against them, normally banning, fining and canceling their listings. Once Investor A's listing for this CHIP is cancelled and he is banned that opens the ability for another person to list the same domain, Buyer B who got the name via Sedo. So a couple days later that name is for sale for say $2,200 from Buyer B. What it looks like is Investor A didn't want to sell you the name for $1,600. We cancelled the sale and then BOOM Investor A re-lists the name for $600 more. But it is actually Buyer B.

It doesn't have to be a CHIP, there are many customers looking for undervalued domains and when they find one there are typically multiple buyers, those buyers on undervalued names want to re-sell it at the higher value so they re-list it after buying it. CHIPs have just made this demand for the same types of names more focused. It may make us look bad, but in the end we want a fair marketplace for everyone and if someone does not deliver a domain name we take action against them. We also do our very best to verify the ownership of the domains before they are listed, as you will know if you ever tried listing a name with different Whois info than whats on your account

At the end of the day we have a more streamlined solution to help with this that also makes the marketplace even easier and better for everyone, but I can't let our competition know what is in the works so stay tuned for later this year, and thanks for bringing this up.

Jen-Sin said:

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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Maybe something bad happened to the buyer. Few things that are beyond our control. Let's hope everything is ok.
Peace!

Joe Styler said:

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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I would suggest that if the buyer does not pay within the time frame the domain is "unlocked" from that transaction and allowed to be re listed. The process should be automatic.
Last time that one didn't pay for my name I had to write to support and they told me the transaction would be cancelled in 21 days!
So basically for the owner equals no money and no domain to relist or sell anywhere for 21 days...

Ms Domainer said:

The one thing Go Daddy can do is to make the auction platform more transparent AND release the name and contact details of deadbeat buyers to the seller without requiring a lawyer/legal system.

Lately, I have been having difficulties lately with malicious/revenge bidders (I believe from this very forum), and it would be helpful to know who they are.

It's time that this industry take a stand against deadbeat buyers AND sellers, and the only way we can do this is to name and shame these idiots.

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+1

daj said:

I'm not saying you and others who are warning others are being problematic. It just seems there's more questionable domainers as of late who don't want to handle business matters properly.

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I think you are right. There are more "domainers" ( is it even the right definition? ) that come from high scam risk countries ( no racism, statistics. Even affiliate platforms do not accept websites from those countries ) and it is reflecting more and more in the transactions we make.
On NP I only deal with high reputable members as there is no protection for either buyers or sellers.

Dylan Andersen said:

A few weeks back I got into a tangle here on Namepros with someone who was obviously scamming. I left a negative feedback in his trade rating (he had zero ratings so far) as a warning to the good folks in this forum, but then he turned around and left a negative feedback in my trade rating! I complained to management here and they took off both ratings and told me that since the transaction hadn't been completed, no one should have left a negative rating.

I guess we need a better warning system on Namepros, so we can look out for each other.

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Agreed : we need a better warning system but most of all preventing new members with 0 feedback who joined the day before to place bids, sell etc.

Ms Domainer said:

Favorite words on this forum:

Get over it

and​

Move On​

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You forgot


Man Up

As a side note I always find interesting and entertaining that those who use NP as a social media more than a business platform and haven't concluded any transaction in years are the ones who say domainers ( who actually do business on the forum ) whinge and complain,
Hhhhmmm...

today I nearly forgot to complain about something ...)

My own experience, posted earlier.

Good thread, I had the same situation happen to me on another platform, it was really weird because it was a single domain. I sold that thing three times...lol! The last time, I asked the admin to step in after the third day of no payment, and it being the third time it happened. 1 week later, they paid, but they haven't contacted me for the push, even after I have tried contacting them.

@Joe Styler

Few suggestions for the planned changes I'd love to see.

More exposure for private auctions. Expiring auctions get all the attention

30 day period which a buyer can make payment, this is very excessive imo. Right now I suspect someone is employing the same tactics on 10 names I pushed to auction a while back. 12 days on still no payment. I know I can cancel after 15 days, but over two weeks to make payment is still too long imo. 1 week or 10 days would be better imo.

iAchilles said:

@Joe Styler

Few suggestions for the planned changes I'd love to see.

More exposure for private auctions. Expiring auctions get all the attention

30 day period which a buyer can make payment, this is very excessive imo. Right now I suspect someone is employing the same tactics on 10 names I pushed to auction a while back. 12 days on still no payment. I know I can cancel after 15 days, but over two weeks to make payment is still too long imo. 1 week or 10 days would be better imo.

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I thought buyer had 5 days to pay...ugh..how did I get so wrong???