Afternic gives no update on payment status

[Shailendra Mishra]

(screenshot attached above)

I sold a domain through Afternic on 22 May. My first through them.
Domain was removed from my account same day. A friend told me that it takes 2-3 days before they "schedule" a payment date and 7 days for disbursement.
Their page says the same. "Disbursement will be issued in next 7 days"

But 8 days have passed and forget disbursement, they have not even updated a scheduled payment date. No email update in last 8 days and their "message to TA Agent" button does not work.

I even wrote a support ticket 3 days back about this which I never heard back from.

Anyone had similar experience? Is it normal or a glitch?

 

[Shailendra Mishra]

This should be fine. eCheck will get your money in your account. I've used it previously! Good luck and congratulations on getting the payout

That is so relieving! Thanks.

So, eCheck is best option for India, right? and how many working days from release of payment to bank account credit?

 

[Nav bundhoo]

I used paypal and transfer from paypal to my card its take only 12hr to withdraw

 

[thekiller]

6 months?

What's the holdup?

Have you called them on the phone?

They tried to wire once and failed. Told me that my bank rejected the payment. Which wasn't the case. My bank told none of incoming payment to my account rejected. Seems like afternic's payment partner have issues rather than my bank.

They removed the PayPal option before payout from my account so only option is wire transfer.

In the meantime I received payments from escrow.com and payoneer escrow without any issues on the same payment details.

Sent them many emails and they reply after a week or so. Even Joe here couldn't help.

Hoping that they will solve the issue and send funds this time.

 

[nitg16]

That is so relieving! Thanks.

So, eCheck is best option for India, right? and how many working days from release of payment to bank account credit?

eCheck amount is deposited as INR? If yes, then you will have to pay GST.

There is no GST:

• If buyer is not a resident of India, and
• Any offshore amount deposited in bank is not in INR

If any one of above two conditions doesn't meet then you will have to pay GST.

 

[xynames]

Afternic sales - you will get paid. I don't even monitor them closely any longer after recording the sale on my end, because the money always comes eventually. ACH.

 

[VaibhavA]

So, I guess I am screwed.

I always use wire (For India), whether it be Godaddy or Afternic.

I am not sure bt eCheck.

By wire i get paid in my bank in India precisely like this.

Suppose a 500$ sale. Minus 20% commission. That leaves 400$. Less 5$(One time processing fee, whether it be 1 domain in a day or multiple). That leaves 395$. Less 4% currency conversion (They claim 3% on their website but I have calculated and it comes down to 4% exactly (Maybe bank buying selling rate difference)).

500-20% = 400-5 = 395-4% = 379.2 * 67 (Current $ Rate) = 25,406 INR

Let us know, what you receive via eCheck.

 

[alcy]

gd takes a ridiculous 21days to pay..and they related..so expect no less

 

[Shailendra Mishra]

eCheck amount is deposited as INR? If yes, then you will have to pay GST.

There is no GST:

• If buyer is not a resident of India, and
• Any offshore amount deposited in bank is not in INR

If any one of above two conditions doesn't meet then you will have to pay GST.

Have you registered for GST? Have you sumitted LoU?
I am going to register for composite scheme, but lets discuss that is a separate thread.

 

[Shailendra Mishra]

I used paypal and transfer from paypal to my card its take only 12hr to withdraw

Paypal to card? You mean paypal to bank right? or is there something I know of?

 

[nitg16]

Have you registered for GST? Have you sumitted LoU?
I am going to register for composite scheme, but lets discuss that is a separate thread.

All my sales are pre-GST. I will now just avoid getting paid in INR. LoU is only needed if you want to claim input credit.

Only Godaddy charges GST. All other registrars I deal with don't have offices in India, so I can live with it.

Getting pretty off-topic, so lets end it here.

 

[Nav bundhoo]

Paypal to card? You mean paypal to bank right? or is there something I know of?

No i used a prepaid card to transfer from card to paypal account.and can transfer from paypal to my card,then i can withdraw after 12hr from ATM

 

[Shailendra Mishra]

No i used a prepaid card to transfer from card to paypal account.and can transfer from paypal to my card,then i can withdraw after 12hr from ATM

In india Paypal does not allow to withdraw to prepaid cards, that is why I was surprised.

 

[Nav bundhoo]

In india Paypal does not allow to withdraw to prepaid cards, that is why I was surprised.

Am not from India

 

[Shailendra Mishra]

Help @anantj @Sinh

My payment was released (I got email) on 1 June. Till date I have not received money in bank account.

I guess eCheck is messed up. What is wait period for eCheck to settle??
And what action could I take now? I contacted TA agent, but nothing.

 

[Shailendra Mishra]

@VaibhavA : How many days for wire to settle in your account from release date?

 

[VaibhavA]

@VaibhavA : How many days for wire to settle in your account from release date?

Whether it be godaddy or afternic.

Once a get a mail like this below

I get paid next day. If next day is saturday or sunday, I get paid on monday.

Hope I have understood your query properly and answered appropriately.

Regards

 

[Shailendra Mishra]

Whether it be godaddy or afternic.

Once a get a mail like this below

Show attachment 90412

I get paid next day. If next day is saturday or sunday, I get paid on monday.

Hope I have understood your query properly and answered appropriately.

Regards

For me, more than a week has passed since my payment release email.
Surely eCheck is a mess for Indians.

 

[Galaxy Traveller]

I prefer Paypal. It is faster than other options.

 

[VaibhavA]

Surely eCheck is a mess for Indians.

I prefer Paypal. It is faster than other options.

I do not want to sound contradictory but from my personal experience echeck is faster and cheaper (Specially, payments for 300$ and above in India).

 

[Galaxy Traveller]

I do not want to sound contradictory but from my personal experience echeck is faster and cheaper (Specially, payments for 300$ and above in India).

I never tried echeck. I usually avoid anything which include the word Cheque. May be echeck is faster than Paypal, I will try it.