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TLDR
You may already know that if your domain sells at DD marketplace then you have to pay 5% marketplace commission. You may also know that the sold amount goes to your "account credit". Then you have to request for a "payout".
What you probably do not know is that if the amount is lesser than $500 they WILL NOT release the money to you. Why ? Because it is their "policy". What you also probably do not know is that when they make the "payout" to you they deduct another 5% as a "transaction fee". So that is a 10% commission baby !
Bottomline - My money is stuck at Dynadot, and whatever little liquidity I would have is now gone.
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THE STORY
This morning, I got a $1xx offer on a domain which happens to be also listed at DD marketplace. It ended up being finalized at $3xx. The communication was through their private messaging system. After negotiations, I set the BIN. Buyer hit the BIN. And then I received the following email from DD :
@Dynadot Whaat ? I never asked you to send it to my "Dynadot account" ! Why can't you just pay me like any other domain market and simply send it to my paypal or something ..? just take your commission and pay the rest ! Isn't it wrong to hold seller's funds like that ? I do not know of any other domain marketplace that does this.
Now I realiz that it was a terrible terrible decision use DD marketplace for a domain sale. Had I known this would happen, I would have definitely taken the lead to either EPIK, UD or NameSilo.
TAKEAWAY
If you really really really have to use DD then please remember to price your domain above $500 + 10%.
REQUEST
Anyone knows of any other way I could withdraw this money to my Paypal ?
@Dynadot I have already spent $700+ this year in my DD account. Is it possible to make an exception in your policy and pay me the amount of my domain sale which is $3xx ?
You may already know that if your domain sells at DD marketplace then you have to pay 5% marketplace commission. You may also know that the sold amount goes to your "account credit". Then you have to request for a "payout".
What you probably do not know is that if the amount is lesser than $500 they WILL NOT release the money to you. Why ? Because it is their "policy". What you also probably do not know is that when they make the "payout" to you they deduct another 5% as a "transaction fee". So that is a 10% commission baby !
Bottomline - My money is stuck at Dynadot, and whatever little liquidity I would have is now gone.
-----------------------------------------
THE STORY
This morning, I got a $1xx offer on a domain which happens to be also listed at DD marketplace. It ended up being finalized at $3xx. The communication was through their private messaging system. After negotiations, I set the BIN. Buyer hit the BIN. And then I received the following email from DD :
A buyer has purchased xxxxxxxxxxxx.com from your listing in our marketplace. The domain has been moved to the buyer's account. Your Dynadot account will be credited xxx USD for this sale once the processing period is over.
@Dynadot Whaat ? I never asked you to send it to my "Dynadot account" ! Why can't you just pay me like any other domain market and simply send it to my paypal or something ..? just take your commission and pay the rest ! Isn't it wrong to hold seller's funds like that ? I do not know of any other domain marketplace that does this.
Now I realiz that it was a terrible terrible decision use DD marketplace for a domain sale. Had I known this would happen, I would have definitely taken the lead to either EPIK, UD or NameSilo.
TAKEAWAY
If you really really really have to use DD then please remember to price your domain above $500 + 10%.
REQUEST
Anyone knows of any other way I could withdraw this money to my Paypal ?
@Dynadot I have already spent $700+ this year in my DD account. Is it possible to make an exception in your policy and pay me the amount of my domain sale which is $3xx ?
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