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Is Sedo bankrupt?

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topdom

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Why ask such a question. They have many 4-5-6 figure sales every week.

One reason I suspect this: They have expiring domain auction. And domains can be purchased for 79. Ok, 60 usd goes to sedo, and reg fee much goes to seller. This doesn't make sense. This only makes sense if Sedo is trying to sell its own expiring domains.

Another reason: They don't want to pay me after a week, and they pretend they are confirming transfer, although it was complete a week ago. What a nonsense. If domain was stolen it is not my fault. I lost the
domain through them, and they have to pay me anyway.

I think dropcatchers have a safer business. They get 10 percent of enduser prices, but they make profit everytime. All others are in a risky business. Your domain may be worth 10K to the right buyer, but they don't care. They prefer a facebook or linked in page. They dont need a domain or a real website, at least they think that way.

I think there is a serious liquidiy problem almost everywhere. And this is bad for domain business.
 
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Actually, there are huge fraud problems with marketplace transactions right now. If there is a processing delay it could be because they are double-checking to make sure there is no charge back. However, if your buyer paid with a bank transfer, and not a credit card, then they should be quick to disburse your funds. How and when did your buyer pay for this transaction?
 
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Payment was made I think about 10 or more days ago. If there is a fraud, it is their problem. They get commission to handle the transaction, and I did my part correctly. ...ok it will be completed soon, hopefully this week. They don't work on weekends.
 
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Payment was made I think about 10 or more days ago. If there is a fraud, it is their problem. They get commission to handle the transaction, and I did my part correctly. ...ok it will be completed soon, hopefully this week. They don't work on weekends.

The funding source matters. If there was payment fraud, they can void the transaction. Of course they want commissions so there would be no incentive to cancel a valid transaction. I hope it works out for you.
 
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It takes them usually 12 to 14 days to process my names and send them on their way for transfer, I use PayPal and I would assume they are just waiting for funds to completely clear before beginning the actual transfer process.

If I win multiple names, then the names will come in transfer one at a time to my register, some times there is two to three days between receiving each name.

Definitely not bankrupt though
 
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The upcoming greatdomains auction looks promising!
 
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Actually, there are huge fraud problems with marketplace transactions right now.

How it's different from previous years? You are talking about credit cards payment fraud increase?
 
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How it's different from previous years? You are talking about credit cards payment fraud increase?

Yes, more cleverness around payment fraud. The big advantage we have over other escrow processors is that we actually have relationships with customers who hold their domains with Epik, on the buy side and the sell side. Yesterday we processed a $50K escrow transaction where I personally know the buyer, seller and lender, all in a single transaction. Zero risk there. Relationships matter.
 
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These expires are from their own registrar 1and1.
 
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Regarding payouts...
Never had any issues with Sedo... all wires were sent.
 
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Yes, more cleverness around payment fraud. The big advantage we have over other escrow processors is that we actually have relationships with customers who hold their domains with Epik, on the buy side and the sell side. Yesterday we processed a $50K escrow transaction where I personally know the buyer, seller and lender, all in a single transaction. Zero risk there. Relationships matter.

Thanks for chiming in...

Lender? People borrow to buy domains? Who even lends for domain purchases?
 
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Yes, more cleverness around payment fraud. The big advantage we have over other escrow processors is that we actually have relationships with customers who hold their domains with Epik, on the buy side and the sell side. Yesterday we processed a $50K escrow transaction where I personally know the buyer, seller and lender, all in a single transaction. Zero risk there. Relationships matter.

agree with Rob 100% its great doing a deal when one or both parties are a member of your service and you have an ongoing relationship...makes the deal a breeze.
 
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