Afternic's policy - Good or bad?

[Midano]

Situation (short version):
- Received an Afternic offer for www.1i.cc for $100;
- Accepted the offer (the hell with it, I might never use this name as I planned);
- Proceeded into Escrow phase;
- Found out that Afternic will slap a $60 (!!!!) commision for this transaction. Thought it was outrageous, but a deal is a deal. Should've done my homework;
- the buyer turned out to be deadbeat.

Last email from Afternic:

Dear Leo,

This is an automated email from Afternic. If you need to reply,
use the link below to send a message to the Escrow Manager or to
the other party of your escrow transaction. Thank you.

Here is a new Escrow Message regarding your transaction:

----------
From: Escrow Manager
To: Seller
Domain: 1i.cc
Hidden from other party: no

Hi,

I am sorry. We have not been able to get the buyer of your domain to
respond to our collection efforts. We are canceling this transaction
because of non-performance by the buyer. The buyer's Afternic membership
has been terminated.

You may relist your domain. If you choose to pursue enforcement of your
agreement, we will provide any needed information.

Best Regards,
Denise Scarborough
Escrow Manager
----------

Thank you,
Afternic

Now... I'm glad the transaction fell through the cracks. And I'm pleased that they kick out the non-payers. If only the commissions were reasonable...
What do you make of this?

 

[TUFKATH]

Are you serious!!!??? It's that much!!!???

 

[wasistdas]

Actually, not very good of them. But if it is stated in their user's agreement then you had to read it first. All the time, guys, RTED, read the effing documents, dont skip them.

 

[scrsteven]

It's all over the place they charge 10% with a minimum of $60. That same guy ravr bid on my b8.cc for 100$ on afternic and I rejected, and in email negotiations he said he'd send me $250 fedex but the money never came and he stopped responding. Definitely didn't give him the name

 

[redz]

wow that is an amazingly high price .

 

[floatingworld]

it would cost you even more on sedo ($100) as it is a non-standard TLD domain .

 

[Midano]

it would cost you even more on sedo ($100) as it is a non-standard TLD domain .

Not if it's parked there.

 

[floatingworld]

Not if it's parked there.

I just see this on sedo site:

.com/.net/.org/.info/.biz/.us/.name/.li/
.be/.dk/.de/.at/.ch/.tv/.ws/.mx 10% of the sales price
[ minimum 50€ / 50£ / 50$ ]

.co.uk/.fr/.cc/.ca/.se/.pl 10% of the sales price
[ minimum 100€ / 100£ / 100$ ]

other domains 10% of the sales price
[ minimum 150€ / 150£ / 150$ ]

 

[yandig]

¹ No minimum fee if the domain is parked with Sedo; only the flat 10% rate applies.