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Question: What is the best payment processing option for large transactions? I may soon sell a domain for $7.5K. For payment, I can steer the buyer to one of several options: Uniregistry, Afternic, PayPal or Escrow.com.
In terms of commission and fees, Uni will cost me $750 (10%), Afternic $1,500 (20%), PayPal $217.50 (2.9%), and Escrow $162.50 + $6.50 (set fee + 0.26% x $2,500) if I've done my math and understand their fees correctly. Escrow clearly wins.
In terms of buyer payment flexibility, Escrow only accepts wires if amount over $5,000. The other processors allow credit cards and wires. Now PayPal looks better.
Which is best? Looking for any advice/thoughts/recommendations. I don't know how the buyer will pay yet but want to be prepared. Thanks in advance!
In terms of commission and fees, Uni will cost me $750 (10%), Afternic $1,500 (20%), PayPal $217.50 (2.9%), and Escrow $162.50 + $6.50 (set fee + 0.26% x $2,500) if I've done my math and understand their fees correctly. Escrow clearly wins.
In terms of buyer payment flexibility, Escrow only accepts wires if amount over $5,000. The other processors allow credit cards and wires. Now PayPal looks better.
Which is best? Looking for any advice/thoughts/recommendations. I don't know how the buyer will pay yet but want to be prepared. Thanks in advance!