Warnings I don't recommend Uniregistry / This problem solved by Frank

Al Marri · Feb 15, 2019

Hello everyone .

I don't recommend Uniregistry .
Since i sold my domain names in 21/Jan/2019 until today i don't receive my funds .

I decided to removed all my domain names from Uniregistry market place soon as possible i will remove all my domain names from Uniregistry registrar to other registrar .

Really i don't like what happen with me hope it not happen with other people

I'm doing good if they want stolen my money no problem but there's other people do this business to find food or support family .

So Dear Frank i wish this problem will not happen with other users . For me will be my last time .

Al Marri

Dubaidevil · Feb 16, 2019

namemarket said:
I am sure you must have been far delinquent on payments for them to do that.

As you can see their reply. It was 3 months. I had some legal issue. I told a friend of mine to pay but he missed

alcy · Feb 16, 2019

wwwweb said:
The deals were missed because the inventory went into the hands of brokers, who have a min commission of $175 so the deal can't work? You never know sometimes a bigger buyer comes back around onto those names. I understand what you mean though.

often its names that won't fetch more... so $200 is a good deal (as in.. better than nothing).
so if it goes through unireg brokers instead of the sale lander on the name.. then I don't know on which planet unireg team/brokers live on but here on earth taking 175$ on the sale to thmeselves.. and giving seller $25 is not a fair thing to do... its basically mocking and insulting the seller.. and some will outright call it theft.

Dubaidevil · Feb 16, 2019

I was behind bars i was not able to be in touch with them

wwwweb said:
They really negotiated you good at $46k, how many months were you behind in your payments, that’s what it really comes down to. You signed their contact, it states all the terms, but you should have communicated I’m behind give me time.

wwwweb · Feb 16, 2019

alcy said:
often its names that won't fetch more... so $200 is a good deal (as in.. better than nothing).
so if it goes through unireg brokers instead of the sale lander on the name.. then I don't know on which planet unireg team/brokers live on but here on earth taking 175$ on the sale to thmeselves.. and giving seller $25 is not a fair thing to do... its basically mocking and insulting the seller.. and some will outright call it theft.

I have had a few of those, then I can't get that buyer back into my inventory as they are locked out, and they go with another name, that is an issue. I would hope as a sign of goodwill the broker push the domain back to the owner, and let them close the deal, but that might hurt the integrity of the system from the ownership side in terms of profits. You used to be able to pull old leads, or leads that were not in broker contact back into your inventory, but no longer. Hopefully they can find a solution for these small sub $250 deals, as everyone is losing on that account.

wwwweb · Feb 16, 2019

Dubaidevil said:
I was behind bars i was not able to be in touch with them

Understood, extra ordinary situation, you didn't ask your lawyer to get in touch, or you had other more important matters to worry about at that time. They probably would have given you about 30 extra days, I can't imagine anymore than that, sorry that happend to you, hopefully you made it all back.

Chris Hydrick · Feb 16, 2019

Dubaidevil said:
No refund at all. They took all 26000 USD and they sold the domain to someone else without a notice.

https://namebio.com/?s==kTM2czM1AjM

$46,000 -- 2015

$24,000 -- 2017

...

On another note, as it appears the 2015 sale was a payment plan, and not a finalized sale, it begs the question: What percentage of reported Uniregistry domain sales over $XX,XXX are fully paid for vs payment plans?

@Michael -- Curious how NameBio handles payment plan domain sales that default? Once (if) learned of the default, does NameBio remove or adjust the entry?

Michael · Feb 17, 2019

Grilled said:
https://namebio.com/?s==kTM2czM1AjM

$46,000 -- 2015

$24,000 -- 2017

...

On another note, as it appears the 2015 sale was a payment plan, and not a finalized sale, it begs the question: What percentage of reported Uniregistry domain sales over $XX,XXX are fully paid for vs payment plans?

@Michael -- Curious how NameBio handles payment plan domain sales that default? Once (if) learned of the default, does NameBio remove or adjust the entry?

I was able to confirm through WHOIS history that this was a payment plan, so I removed the 2015 record as it obviously didn't complete. We don't intentionally report sales that were on payment plans unless they have already completed. Some slip through the cracks, especially on large manual data-dumps like Uniregistry does once per year. When I find them, or others notify me of them, I remove them immediately.

Regarding your other question about how often it happens, I posted about this here:

Michael said:
For example on one of the Uniregistry dumps from a few years back the guys from Whoisology gave us a report with six WHOIS snapshots per domain. 49 out of 5,749 were on a payment plan (they have a specific email for this) or 0.8% by quantity and 1.87% by dollar volume. Probably a majority of those ended up completing anyway. And quite a few were probably not actually still on a payment plan at the time of reporting, and the buyer just didn't update the WHOIS.

So it's less than 1% of their sales, and it isn't really practical for us to check multiple WHOIS history snapshots for nearly 6k records to try and avoid them getting reported in the first place, especially now with GDRP. Hopefully in the future they'll be able to exclude payment plans on their end and not report them to us in the first place.

wwwweb · Feb 17, 2019

Technically the domain ended up selling for $50k overall. But given last sale would be most relevant either way they recovered funds by proobably filling the gap with an old lead with lower offer.

@Almarri.Company you open this thread, with such accusations, and you don’t even clear why your funds were on hold to begin with?

Funny you sell .compmay names here with listings for $3 million, and to end users for $3 thousand, isn’t it supposed to be the other way around?

For what you sell 10 .company names for one can by the whole .co registry. You flood the threads with bogus pricing, stop wasting valueable bandwidth with BS, sorry someone had to say it. Company names are worth sub $5k in best case scenario, not dillusional millions. The entire extension was not even bought for what you want for 1 liability carrying
premium renewal name.

You are just a registry mule. Posting like a mad man, with absurd non logical offered , take space from people selling legitimate names at actual Working to pay their $500 plus premium renewals every year, with one off sales, it all goes back to them, don’t you get it?

george from london · Feb 22, 2019

I asked Uniregistry how much they would charge for londonbuilder.com and they said $21,000 !!!!!!!! What a rip off !

I then asked how much they would pay for londonbuilder.co and they said $0, they don't buy domain names. So how do they get hold of them I wonder ? What a rip off !!

xynames · Feb 22, 2019

I don’t like to see threads like these jumping the gun on supposed bad actions by registrars or hosts until the target has stated definitively that he won’t be doing whatever and that the decision is final.

For example the thread here
AVOID GoDaddy hosting company they will shut down all your sites if even one Trademark claim is made

https://www.namepros.com/threads/av...-if-even-one-trademark-claim-is-made.1110373/
was not posted until GoDaddy said that they would not renew the hosting and would hold the data hostage and to date all GDiddy has done is refunded most (not all) of the money paid by the client for the hosting and is still holding the data hostage. In such cases the registrar has earned the bad press but here - it was just a matter of OP jumping the gun.

—-

And then as far as the payment plan posts in this thread, I am the seller on a high five figure domain where over half of the money was paid as a down payment and when buyer asked me if I would really pull the rug out from under him if he were more than ten days late on a payment I told him right up front before we entered into the domain holding escrow - Yes! Ten day grace period is plenty and is what was negotiated and agreed to.

In such cases an option the buyer has is to re-sell the domain and pay off the amount owed, and I am not going to give a buyer an indefinite amount of time to do that and make money off a domain that he bought at what I view as a discounted price. He pays on schedule or he loses the domain, that's the way it works and was agreed to. Agreements are negotiated and entered into for a reason.

wwwweb · Feb 22, 2019

xynames said:
I don’t like to see threads like these jumping the gun on supposed bad actions by registrars or hosts until the target has stated definitively that he won’t be doing whatever and that the decision is final.

For example the thread here
AVOID GoDaddy hosting company they will shut down all your sites if even one Trademark claim is made

https://www.namepros.com/threads/av...-if-even-one-trademark-claim-is-made.1110373/
was not posted until GoDaddy said that they would not renew the hosting and would hold the data hostage and to date all GDiddy has done is refunded most (not all) of the money paid by the client for the hosting and is still holding the data hostage. In such cases the registrar has earned the bad press but here - it was just a matter of OP jumping the gun.

—-

And then as far as the payment plan posts in this thread, I am the seller on a high five figure domain where over half of the money was paid as a down payment and when buyer asked me if I would really pull the rug out from under him if he were more than ten days late on a payment I told him right up front before we entered into the domain holding escrow - Yes! Ten day grace period is plenty and is what was negotiated and agreed to.

In such cases an option the buyer has is to re-sell the domain and pay off the amount owed, and I am not going to give a buyer an indefinite amount of time to do that and make money off a domain that he bought at what I view as a discounted price. He pays on schedule or he loses the domain, that's the way it works and was agreed to. Agreements are negotiated and entered into for a reason.

During the chip craze many Chinese domainers were doing long inspection periods hoping that prices doubled, otherwise they could simply walk away during the 4L craze. This kind of soured this long payment window. To this day we have buyers make deals, then turn around and say let me talk to my partner. Or buyers who make deals, then are on vacation the next day. Good on you for being firm.

dande · Mar 27, 2019

Well, the $175 minimum can be avoided by cutting out the brokers and negotiating your domain yourself.

Why handing $200 domains to brokers?

Warnings I don't recommend Uniregistry / This problem solved by Frank

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