- Impact
- 629
Logged in to SH and had a message pop up that said that with any $2000+ domains, buyers now have the option of making payments over 24 months (old max was 6).
I have several issues with this. First, they have made the default 24 months, without consulting with the domain seller. When I submitted my names and agreed to the terms, I agreed to a max 6 month installment plan. I just disabled the installment option, but had one of my names sold on a 24 month plan between the time that SH made the change and when I disabled installments, I would not transfer the name. That isn't what I agreed to, SquadHelp.
Another issue I have is the threshold ($2000) in which they made this change. Simple math tells me that $2000 / 24 = $83.. before SH takes their sizable commission. That means if you sell a name for $2000, you can expect less than $60 per month for the next 2 years. I'm confident that I can hand reg and sell a name for $60 each month. I'm not about to give up my $2000+ name for those small payments that will hardly be noticed.
If SquadHelp wants to change the defaults on new submissions, that is fine. When the new submissions are made, the seller at that point would need to agree to the 24 month installment period. When I submitted my names it was 6, which is what I agreed to. To me, changing the terms without seller permission is unethical.
Interested in hearing the thoughts of others on this.
Thanks for reading!
I have several issues with this. First, they have made the default 24 months, without consulting with the domain seller. When I submitted my names and agreed to the terms, I agreed to a max 6 month installment plan. I just disabled the installment option, but had one of my names sold on a 24 month plan between the time that SH made the change and when I disabled installments, I would not transfer the name. That isn't what I agreed to, SquadHelp.
Another issue I have is the threshold ($2000) in which they made this change. Simple math tells me that $2000 / 24 = $83.. before SH takes their sizable commission. That means if you sell a name for $2000, you can expect less than $60 per month for the next 2 years. I'm confident that I can hand reg and sell a name for $60 each month. I'm not about to give up my $2000+ name for those small payments that will hardly be noticed.
If SquadHelp wants to change the defaults on new submissions, that is fine. When the new submissions are made, the seller at that point would need to agree to the 24 month installment period. When I submitted my names it was 6, which is what I agreed to. To me, changing the terms without seller permission is unethical.
Interested in hearing the thoughts of others on this.
Thanks for reading!