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question Best payment processing option for large transactions?

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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!
 
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well.. unless you have some special extra trust with this buyer to take paypal direct payment.. then yeah okay.. otherwise going that route is insanity as no one protects you for chargebacks etc.

other than this, for payout lack of flexibility, a ton of documents for you and buyer, escrow.com looses as well... for me at least.

afternic, gd are too much fee at 20%.. plus gd above 5k is also going through escrow.com

I just do not like uniregistry. so its a no for me.

so... I'd say... undeveloped.. setup bin there and send buyer.. and you pay 9%
or import lead via their import function and you pay 5% ... no paypal fee for both cases when u get paid. the only problem is.. undev has 2-3k paypal payout limit.. so it'd be wire or other options. but for me personally, I wouldn't really care much or mind to get paid into bitcoin.. which undev does gladly for you.. at same fees as above... then you can keep btc if u wanna play specualtion abit... or .. convert it to cash.

gl!!!
 
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well.. unless you have some special extra trust with this buyer to take paypal direct payment.. then yeah okay.. otherwise going that route is insanity as no one protects you for chargebacks etc.

other than this, for payout lack of flexibility, a ton of documents for you and buyer, escrow.com looses as well... for me at least.

afternic, gd are too much fee at 20%.. plus gd above 5k is also going through escrow.com
not aftrnic though

I do not like uniregistry. so its a no for me.

so... I'd say... undeveloped.. setup bin there and send buyer.. and you pay 9%
or import lead via their funtion and you pay 5% ... no paypal fee for both cases when u get paid. the only problem is.. undev has 2-3k paypal payout limit.. so it'd be wire or other options. but for me personally, I wouldn't really care much or mind to get paid into bitcoin.. which undev does gladly for you.. at same fees as above... then you can keep btc if u wanna play specualtion abit... or .. convert it to cash.

gl!!!

Thanks alcy. I appreciate your thoughts. Been using Uni for lesser purchases and it is nice to not have worry about all the facets of the transaction and handover. But as the sale amount gets higher, it's getting harder to fork over the higher commission.
 
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Have you taken a look at Sedo? I've used them a couple of times over the years and split the fee with the buyer. I don't remember the cost but at the time(s) they seemed acceptable and the whole process was pretty quick from start to payment.

Sedo was actually chosen by both buyers as they were familiar with it and trusted the platform.

Edit:
From their site, https://sedo.com/us/what-we-offer/price-list/
The applicant is charged a fee of 3% of the gross selling price (note the minimum fee). Upon request, we will also assist you in dividing the fee between the buyer and seller. Additional fees may exist through your registrar or bank. There is an additional 3% express processing fee added for payments over $500 made using Alipay and PayPal and Credit Card.

Top Level Domains (TLD) - Category I
Minimum fee 60 USD, minimum sales price 90 USD
 
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Have you taken a look at Sedo? I've used them a couple of times over the years and split the fee with the buyer. I don't remember the cost but at the time(s) they seemed acceptable and the whole process was pretty quick from start to payment.

Sedo was actually chosen by both buyers as they were familiar with it and trusted the platform.

I forgot about Sedo's transfer service. It says it's 3% of gross sale price + 3% additional if buyer pays via PayPal or credit card. So if it's a wire then its pretty decent. If not, it's not as cost effective.
 
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if undeveloped 5% import lead and btc payout or wire pyout is no good or too much for ya

you can always contact epik.com... they got free payout for np members.. I think its also free for buyer and you if buyer buys by wire or crypto.. and something like 1-3% if they pay by pp or credit.

gl
 
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I forgot about Sedo's transfer service. It says it's 3% of gross sale price + 3% additional if buyer pays via PayPal or credit card. So if it's a wire then its pretty decent. If not, it's not as cost effective.
Keep them in mind for future transactions. Be sure to negotiate a split fee (or buyer pays all fees) at the outset and you might find you come out ahead going with Sedo.

Good luck!
 
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Where can I find out more about BTC payout on Undeveloped ? I am no fan of crypto, but it might come in handy and like to be prepared.
 
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I would suggest undeveloped.com, best approach I have experienced so far :)
 
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Undev at 5% imported lead is probably your best bet.
 
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Undeveloped. Epik. Sedo. If your buyer is comfortable enough to directly pay you with Paypal, then look at Payoneer, they have all kinds of what they call "billing" and "request" and i think their commission is zero, only transaction fees. Besides, Paypal is risky, even for established accounts, they can freeze your funds and stuff.

Where can I find out more about BTC payout on Undeveloped ? I am no fan of crypto, but it might come in handy and like to be prepared.
Reza said it in the Undev thread multiple times. You just tell them you want payout in BTC, and that's it. Regardless the buyer payment method.
 
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I forgot about Sedo's transfer service. It says it's 3% of gross sale price + 3% additional if buyer pays via PayPal or credit card. So if it's a wire then its pretty decent. If not, it's not as cost effective.
Additional 3% for CC/PayPal payments over $500 is applicable to the BUYER only.
 
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Additional 3% for CC/PayPal payments over $500 is applicable to the BUYER only.

yes, but if you already have a deal and price made on a sale.. like this guy does.. then any additional fees you still need to discuss with buyer.. whether they are paid to seller or to sedo.
 
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And as I heard, Sedo doesn't allow CC payments over $5K.
And probably, the same limit regarding PayPal.
 
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The best solution for you - transfer your domain to Epik...
Epik escrow is free for their domains.
And cashout is also free for NamePros members, only SWIFT fee will be charged per international wire payout ($45).
 
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Paypal's definitely not a good choice for high value domain transactions because Paypal does not protect sellers very well and not at all in the case of intangible goods, like domains.

Many buyers feel safe with Paypal because it's a household name in most countries, but as a domain seller you should only use for low value transactions and don't mind getting ripped-off once in a while :xf.grin:. That said, if you know for a fact that your buyer is honorable, then paypal is not an issue.

You can also check this thread for possibly more ideas...
https://www.namepros.com/threads/payoneer-escrow-to-shut-down-what-are-the-alternatives.1090289/

Someone mentioned payoneer, but I don't know how safe they are for sellers as I have never used them. They used to have escrow service but according to the thread above that has been terminated, unless something has changed.
 
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Firstly. For this kind of money. It MUST be an Escrow transaction. If you have a choice, I would choose an option which doesn't include paying a commission to the seller, since you and the buyer seem to be already talking directly to each other. My choice would be to handle the payment via Escrow.com. Well any escrow service would do, provided the buyer agrees. But the probability is that they may have only heard of Escrow.com.
 
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Regarding bitcoin payment at undeveloped. It doesn't matter how the buyer pays.....You can still request BTC payout. Just provide your payment address and tell them you want bitcoin payout when you provide the transfer details. Undeveloped does a great job.
 
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The same at Epik.
BTC payout if you prefer it.
 
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Thanks again to all who responded! To cap this thread, I decided on Escrow.com even though I trusted the buyer who, as I discovered, is a well-regarded surgeon. The buyer is picking up the transaction fee as part of the deal.
 
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Thanks again to all who responded! To cap this thread, I decided on Escrow.com even though I trusted the buyer who, as I discovered, is a well-regarded surgeon. The buyer is picking up the transaction fee as part of the deal.

I hope it all goes well for you.
 
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I would suggest undeveloped.com, best approach I have experienced so far :)

Could you elaborate on this statement? I personally don't find their landing pages very appealing. So I'm baffled as to why domainers like this venue, so much.
 
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Could you elaborate on this statement? I personally don't find their landing pages very appealing. So I'm baffled as to why domainers like this venue, so much.
For me, it is very easy to load domains there, manage domains there, intuitive and simple.

But what I like most are the people behind it - when I need something, they always respond immediately, in a friendly and professional manner. I am very demanding, but I have no complain so far, it is really good service. Other venues are not coming even close to this atm, imo.
 
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