- Impact
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There are several threads ongoing about Afternic so it was easier to start a new one here with the big picture of what is going on. A few weeks ago we had a major release which did away with the escrow process on Afternic and started a new service called Transaction Assurance. There are several main reasons why we did it, two of the big ones being:
1. Compliance - We are not an escrow company and using this new flow allows us to be compliant to all laws in the areas we operate which is very important for everyone.
2. Ease of use - Much of what we have done over the past 2 years around the Aftermarket is being done to reduce overall friction for the buyer and seller to allow domains to move to buyers easier and make managing your domains for sale easier.
There are other reasons for doing this which tie into a bigger picture of other projects we have in line for the coming year or so which also allow for better sales for our sellers such as faster payment times and more International payment options as well as better/easier domain management and some bigger improvements that have been asked for by customers for a while.
The project was not rushed or left untested. In fact we put in over 8 man years of labor on it and did extensive testing. Part of the project involved us integrating with two 3rd party providers to help with International payments and communications. These are big name companies with a track record of success and utilizing their tools behind the scenes will help everyone in the long run to be able to sell more domains easier.
Obviously things have not gone as well as we would have liked, but we are actively working on resolving the issues around communication and payments. We have had meetings at the highest levels to take care of this as a very high priority. As of today we believe most email communication issue are resolved.
We are not only meeting about things we are actively deploying new code and changes and other teams are working to manually jump in and help out so we can get answers for our customers and make sure they are being paid. I personally saw many people working late nights and over the weekends doing what they could to keep improving the processes because our customers are very important to us. We have a good team who have all pulled together to try and help it is not just me on the forum answering questions I couldn't do it without the help of our Aftermarket teams.
I think we are very close to having a smoothly operating process again with a better ultimate process for the future which will allow you to grow with us and continue to sell domains at a better rate of return. Thank you for your patience and for being a customer.
If you are waiting for payment the #1 thing I have seen resolve this the fastest is to login to your Afternic account and go to your payment settings. Make sure that you have a payment set up as a default option and that is correct. We migrated all the old payment information into the new system. If you are in doubt or cannot find a way to select a default payment option it is faster to create a new payment method (even using the same info you already have) and select that new payment method as your default. Doing this will tell the system to try and pay you for any outstanding balance you are owed.
1. Compliance - We are not an escrow company and using this new flow allows us to be compliant to all laws in the areas we operate which is very important for everyone.
2. Ease of use - Much of what we have done over the past 2 years around the Aftermarket is being done to reduce overall friction for the buyer and seller to allow domains to move to buyers easier and make managing your domains for sale easier.
There are other reasons for doing this which tie into a bigger picture of other projects we have in line for the coming year or so which also allow for better sales for our sellers such as faster payment times and more International payment options as well as better/easier domain management and some bigger improvements that have been asked for by customers for a while.
The project was not rushed or left untested. In fact we put in over 8 man years of labor on it and did extensive testing. Part of the project involved us integrating with two 3rd party providers to help with International payments and communications. These are big name companies with a track record of success and utilizing their tools behind the scenes will help everyone in the long run to be able to sell more domains easier.
Obviously things have not gone as well as we would have liked, but we are actively working on resolving the issues around communication and payments. We have had meetings at the highest levels to take care of this as a very high priority. As of today we believe most email communication issue are resolved.
We are not only meeting about things we are actively deploying new code and changes and other teams are working to manually jump in and help out so we can get answers for our customers and make sure they are being paid. I personally saw many people working late nights and over the weekends doing what they could to keep improving the processes because our customers are very important to us. We have a good team who have all pulled together to try and help it is not just me on the forum answering questions I couldn't do it without the help of our Aftermarket teams.
I think we are very close to having a smoothly operating process again with a better ultimate process for the future which will allow you to grow with us and continue to sell domains at a better rate of return. Thank you for your patience and for being a customer.
If you are waiting for payment the #1 thing I have seen resolve this the fastest is to login to your Afternic account and go to your payment settings. Make sure that you have a payment set up as a default option and that is correct. We migrated all the old payment information into the new system. If you are in doubt or cannot find a way to select a default payment option it is faster to create a new payment method (even using the same info you already have) and select that new payment method as your default. Doing this will tell the system to try and pay you for any outstanding balance you are owed.
