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Has anyone used undeveloped.com to sell domains? They claim to be able to increase a domainers sales by 54%.
Undeveloped.com Experience
- Thread starter JudgeMind
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The views expressed on this page by users and staff are their own, not those of NamePros.
- Impact
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Hi Joe,
Yes and we even go beyond that as we own accreditations in some extensions and transfer the domain to our own registrar. Once the domain is secured we already pay you out so you don't have to wait for the buyer to complete the transfer.
In 90% of all escrow cases we perform either a push at the existing registrar or instant transfer to our own registrar.
Take care,
Reza
- Impact
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Sold a bunch but none of the "buyers" ever paid.
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When was this? Back in our early days we have issues as too many fake leads went through and our cancellation rate was too high. Now a days, it doesn't happen that often anymore since the entire acquisition flow has changed. The problem still exists, like on all other platforms but we've tackled most issues that caused too many fake leads. People tend to not read and just place an offer too often while thinking they're buying a product. It's pretty strange if you ask me.
Unlike most older secondary marketplaces we're continuously improving the platform rather than squeezing most out of existing clients. We dedicate 80% of our resources to product development.
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Welcome on board!
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Are you guys considering additional payout option like bitcoin? I remember epik(the parent company) has this option. It is faster to receive payment via bitcoin than wire transfer. No seller will want his payment delayed. I think you should consider this Or integrate with epik bitcoin payout option
- Impact
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We actually already accept Bitcoin and pay out sellers with Bitcoin when requested. It's not an official feature we promote but do offer.
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Thats a good one. I just moved some names to you as well. Looking forward to a mutually rewarding relationship. Thank you
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We're looking forward to assist you with your first sale with us
When you have your first sale, simply ask for a BTC payout to your escrow agent in the transaction thread.
- Impact
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This was all recent as in past couple of months.
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That's not good. I'm sorry you didn't have a better experience with us. If you're interested feel free to send me a message and I'll give your account a close look to see if we can find some elements which we can change to prevent that from happening again.
Sometimes we see specific domains that used to be developed to get a lot of fake leads when suddenly they get parked with us but it shouldn't happen portfolio wide.
- Impact
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Thanks, I'll type something up with details and send it along.
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apart from the 15% commission,do you charge anything extra to receive pay out?We're looking forward to assist you with your first sale with us
When you have your first sale, simply ask for a BTC payout to your escrow agent in the transaction thread.
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No we don't
Yes you do
... been charged VAT at 21% ... not sure if this is just for the people based in the EU or anyone else though ...
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Undeveloped should come and clear this out. We want to know all hidden charges and please what name did you sell @loredan and how much?Yes you do
- Impact
- 5,055
Yes you do
As I understand it, this is only for sellers that are VAT registered. If an EU-based seller that is VAT registered sells a domain to a consumer in another EU country, the VAT rate of the buyer's country will be added to the price.
But I am sure Undeveloped will clarify shortly
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- Impact
- 1,661
As I understand it, this is only for sellers that are VAT registered. If an EU-based seller that is VAT registered sells a domain to a consumer in another EU country, the VAT rate of the buyer's country will be added to the price.
But I am sure Undeveloped will clarify shortly
Not sure I ever added VAT registration details to Undeveloped. The transaction was indeed between two EU citizens (me UK - buyer France), perhaps the buyer had his VAT details in his Undeveloped account, don't know... Anyway no biggie, just thought I'd post here for the clarity and transparency sake since @Undeveloped stated there are no additional fees apart from the 15% commission . Now I have no idea if citizens outside the EU might be charged this but since Undeveloped is part of Epik, the US citizens might get charged as well...just saying
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