30 days to get money from TDNAM sale?!

[fonzie_007]

I knew TDNAM was slow, but why in the heck does it take ~30 days to get your money from a TDNAM sale? This is insane! Has anyone sold a domain at TDNAM and gotten their proceeds sooner than the 30 days?

 

[Volholic]

No
They told me they hold it for 30 days for some stupid reason.
The last one I sold took about 45 days to get the money and I had to call and bug them about it to get it then.
This is definitely a problem they need to address

 

[fonzie_007]

I'm calling my executive account rep (they've gotta be good for something). Many he can pull some strings.

 

[vimkar]

I knew TDNAM was slow, but why in the heck does it take ~30 days to get your money from a TDNAM sale? This is insane! Has anyone sold a domain at TDNAM and gotten their proceeds sooner than the 30 days?

for me it got worse .. after 60 days ...
:td:

 

[fonzie_007]

No luck. They can't speed up the process at all. This certainly doesn't make me want to sell domains at TDNAM anymore. They sit on your capital for a month. I'm curious to know if this is just a way to make some interest on the money or if there is actually a good reason for it. There aren't any other services that I know of that take so long to disburse proceeds from a sale.

 

[bocanames]

At least they're consistent. If you fail to renew they hold domains in pending-delete longer than anyone else (months) If you change the WHOIS rec they disallow transfers for months. If they paid quickly people might expect reasonable wait times for other things.

 

[Lasher]

They don't make you wait for everything, when you win a TDNam bid you get to pay them within 3 days or it goes back up for auction. Of course, you still don't get the domain for 2 weeks ...:P

At least they're consistent. If you fail to renew they hold domains in pending-delete longer than anyone else (months) If you change the WHOIS rec they disallow transfers for months. If they paid quickly people might expect reasonable wait times for other things.

 

[Epic]

Last time I sold something there it took 33 days :td:

 

[weblord]

if purchases are made via credit card, they also honor refund for 30 days that's why it's on hold.

 

[mario06]

i agree

too many days to wait...
in other words you lend them the dollars for more than a month , as the buyer must pay right away?

or i got it wrong ?

 

[drehenkraft]

The reasoning the reps gave me is that anything under $500 does not go to escrow.com (cost prohibitive since their min is $25+). Since they are not a licenced escrow company they have to hold funds for a set amount of time, instead of when the domain transfer is complete. so they chose 30 days as it gives enough time for buyers to get a transfer completed. the 30 days starts when the buyer pays, so if they don't pay until 10 days after they bid, then i have to wait 40 days from the bid date for my money. :td:

 

[midnight251]

That's just not right, all my auctions are coming down tonight.

Just cancled about 10 or so, I may reg there, but I will never sell there.

 

[irishmat]

ive been on all sides of the fence on this one

have to wait 30 days to get your money from a sal

have to wait 2 weeks to get your name after an expired auction

have to wait 6 days to get a refund if your expired auction that you won gets renewed

someones getting rich on all the interest