- Impact
- 690
Hi everyone,
I sold a LLLL.com domain in an auction and the buyer wanted the auth code but ir was still within the 60 day lock, I had transferred to new registrar. I've always pushed the domain to the marketplace and never had this issue. Anyway, the buyer told them they would wait the week or so until I could provide the auth code. The day the auth code was available I sent it to the marketplace (about 3 weeks ago).
Marketplace sent the buyer several requests for payment (reflected in transfer area) and yesterday I asked Marketplace if they had heard from the buyer and this was the reply I received today:
Nov/09/20 xxxx Transfer Agent
"Thank you for your message; unfortunately we have not heard back from the buyer. As such, please go ahead and push the domain to XXXX's Epik account with the information on the left column. Please kindly check to make sure if you are able to opt out of the 60 day lock while pushing the domain that you do do so. Once the domain is received there, we can proceed to release the payment to you. Thank you."
The agreement is between buyer and seller, and nowhere does it state Marketplace will purchase the name on behalf of the buyer if they don't pay, it actually states "In the event that either party fails to perform all reasonable steps necessary to submit payment, complete the transfer of control of the Purchase Object, or otherwise fails to communicate with xxxx’s representatives in a timely manner, xxxx LLC or xxxx GmbH shall have the permission of the Parties to cancel or temporarily suspend attempts to transfer said Purchase Object and to demand the commission from the Party who has failed to complete all reasonable steps necessary to complete the transaction."
Yes I will be clear the domain sold VERY cheap and I honor the price won by the winning bidder, but I don't have a commitment to the Marketplace because I didn't sell it to them. If the buyer never pays now they own the domain? Something here seems wrong to me.
Any thoughts on this??
Thank you to all for your time and input,
Ali
I sold a LLLL.com domain in an auction and the buyer wanted the auth code but ir was still within the 60 day lock, I had transferred to new registrar. I've always pushed the domain to the marketplace and never had this issue. Anyway, the buyer told them they would wait the week or so until I could provide the auth code. The day the auth code was available I sent it to the marketplace (about 3 weeks ago).
Marketplace sent the buyer several requests for payment (reflected in transfer area) and yesterday I asked Marketplace if they had heard from the buyer and this was the reply I received today:
Nov/09/20 xxxx Transfer Agent
"Thank you for your message; unfortunately we have not heard back from the buyer. As such, please go ahead and push the domain to XXXX's Epik account with the information on the left column. Please kindly check to make sure if you are able to opt out of the 60 day lock while pushing the domain that you do do so. Once the domain is received there, we can proceed to release the payment to you. Thank you."
The agreement is between buyer and seller, and nowhere does it state Marketplace will purchase the name on behalf of the buyer if they don't pay, it actually states "In the event that either party fails to perform all reasonable steps necessary to submit payment, complete the transfer of control of the Purchase Object, or otherwise fails to communicate with xxxx’s representatives in a timely manner, xxxx LLC or xxxx GmbH shall have the permission of the Parties to cancel or temporarily suspend attempts to transfer said Purchase Object and to demand the commission from the Party who has failed to complete all reasonable steps necessary to complete the transaction."
Yes I will be clear the domain sold VERY cheap and I honor the price won by the winning bidder, but I don't have a commitment to the Marketplace because I didn't sell it to them. If the buyer never pays now they own the domain? Something here seems wrong to me.
Any thoughts on this??
Thank you to all for your time and input,
Ali