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Just saw this and the 7.5% commissions stood out!. Nice to have another option.
https://www.namesilo.com/Support/Marketplace
https://www.namesilo.com/Support/Marketplace
Its pretty easy to require either a valid account email address on public whois, or TXT record to confirm ownership of domains not at namesilo. All the big companies do this.
Neither Afternic nor Undeveloped do this.
** Big Announcement - Lower Fees!**
As part of our continuing effort to offer the lowest possible fees, we are happy to announce that we have lowered our standard 7.5% fee for Marketplace sales to just 3% for sales paid for via wire transfer (any other methods of payment are still 7.5%)
Why do you charge such a high fee for sales made with account funds loaded from Bitcoin?
For Bitcoin you have no risk of chargeback and Bitpay only has a 1% cost to you the merchant. And if you know the seller will be cashing out to Bitcoin, then your costs drop to near 0%.
Could you please consider to drop your fee for Bitcoin sales to 3% or 5%? We hope to be doing $100,000 to $300,000 in market place sales over the next 12 months in the Bitcoin domain name market.
My understanding is that Epik only charges 5% fee (no actual fee for the sale which is converted to MasterBucks, then 5% to cash out the MasterBucks).
Epik is apparently offering the same fee for all payment methods?
P.S. You should retain some Bitcoin as retained earnings and not convert it all to fiat. The Bitcoin price is rising exponentially (although very volatile) because it is transitioning to be the future world reserve currency because the Brenton Woods dollar system in its last throes. Bitcoin will be over $50,000 in 2021/22 and onwards to $300,000 to $1 million over the next decade or so. It’s the "no brainer" asset to be hodling.
Hello, and thanks for your request. We will consider it and will post back if we decide to make any change.
That is not what "in review" is about. "In review" is not about determining that the person who listed the domain owns the domain (hence why they never ask you to prove your ownership to get a domain stuck in in review cleared). Domains get stuck in review because the system suspects the domain of breaking some of their terms and conditions. Often it's due to a domain being misinterpreted as adult. As for users with super privileges, they can list any domain they don't own, even if that domain is already listed for sale by another Afternic seller. They can also list any domain that breaks Afternic's marketplace rules. Afternic practically does not have ownership verification.Afternic actually do exactly this, ever notice why your domains go "in review" when you move registrar, update whois etc.
That is not what "in review" is about. "In review" is not about determining that the person who listed the domain owns the domain (hence why they never ask you to prove your ownership to get a domain stuck in in review cleared). Domains get stuck in review because the system suspects the domain of breaking some of their terms and conditions. Often it's due to a domain being misinterpreted as adult. As for users with super privileges, they can list any domain they don't own, even if that domain is already listed for sale by another Afternic seller. They can also list any domain that breaks Afternic's marketplace rules. Afternic practically does not have ownership verification.
Any domain that is unlisted at Afternic can be listed by anyone. If you list 100 names you don't own, maybe 5-10 will go into review at most. The other 90-95 listings will go live and people can buy them (of course, seller cannot deliver).
Sedo's ownership verification procedures are extremely bad. A ton of domains I own are still listed at Sedo by their former owners. Sedo has no way of determining ownership changes outside of their marketplace. The TXT feature often doesn't work, and they don't require it. You can just send them a fake screenshot and they will accept you as the owner right away. It's extremely easy to fake their ownership verification, i.e. you can just use the "inspect element" feature in your browser to fake ownership of a domain under WHOIS privacy. Same for Afternic, if you want to remove somebody's Afternic listing.
Afternic, Sedo, and GoDaddy Auctions (private seller listings) are a mess of outdated listings and listings by people who don't own those domains. None of them have gotten ownership verification right, and maybe there is just now way to maintain a clean marketplace if you accept domains from all registrars.
I certainly wish we could list domains from all registrars at NameSilo. But unless they find a way to maintain a clean marketplace that doesn't cause frustration among buyers (and a bad reputation for their marketplace), where ownership verification checks and fake listings don't consume too much manpower, I'd rather not they open up the floodgates to what will inevitably be a lot of fake listings. Right now, their marketplace is 100% clean and delivery is ensured 100% of the time. That kind of performance is sorely missing at Sedo, Afternic and GoDaddy Auctions. Out of of all the domains I've bought at Sedo, Afternic and GoDaddy Auctions, a considerably percentage of them were not delivered to me.
Namesilo will you be adding .APP domains and become a registrar for the .APP gTLD?
@namesilo
Made several deals in this platform, despite the UI is in year 2000 ego like, but is very smooth and initiative, very good! The only issue is that your BTC withdrawal is not like what you stated "within several hours at most". It was over 36 hours... in addition, the rate of BTC shifts significantly so there was a "passive" period we can't do anything while the profit being affected by BTC rate.
Also, seems like you are sending funds out from many micro BTC wallets.
Was it like you don't have enough BTC balance and the delay was due to time needed for collecting micro wallets?
Instead of withdrawal with BTC, will it be safer or faster to withdraw via wire? How long will it take too?
Thanks!
Never took more than 12 hours for BTC withdrawal. Also I always find BTC rate well according to the market rate.
You are so lucky mate. My case was real 36+ hours. But honestly, their rate is fair.
Hi,
We can inquire with our bank. Can you send us an email at [email protected]?
Sorry to all who received the BTC later then usual.
@namesilo
Made several deals in this platform, despite the UI is in year 2000 ego like, but is very smooth and initiative, very good! The only issue is that your BTC withdrawal is not like what you stated "within several hours at most". It was over 36 hours... in addition, the rate of BTC shifts significantly so there was a "passive" period we can't do anything while the profit being affected by BTC rate.
Also, seems like you are sending funds out from many micro BTC wallets.
Was it like you don't have enough BTC balance and the delay was due to time needed for collecting micro wallets?
Instead of withdrawal with BTC, will it be safer or faster to withdraw via wire? How long will it take too?
Thanks!
Namesilo will you be adding .APP domains and become a registrar for the .APP gTLD?
Yes almost.Does it use Coinbase daily rate?