Asking for help - Sell domains

[Rafael Novaes]

I have been reading this precious forum a long time and i want to thank all patience and encouraging words directed to newbies in this business.


But several doubts persists, and it keep me aside from trying prospect potential buyers for my domains. These are small things that may sound foolish to seasoned salespeople, but they are great barriers for those who have no experience or full english language domain.

My questions:


- It seems like every time we sell domains, the transaction must be performed through a escrow platform, a commission amount has to be paid, this should not be very profitable with low value domains, how do you proceed in these cases ???

- Should the buyer be required to open an escrow account? How do you proceed in cases where he has no idea how everything works?

- In case of receiving payments, does the escrow work as a bank, or is the money transferred directly to my bank or paypal account??? Is there any additional procedure in case the bank is outside the USA?

Certainly other questions will appear along the thread, and already in advance thank you for any answers that can help me clarify my doubts!

 

[DaveX]

Some answers:
1 - Not necessarily. You can suggest payment be made through payment processors like paypal or depending on where the name registered, you can place it for sale and the buyer can purchase it through the registrar marketplace. If the deal is really small, you can document the agreement and just give the name first.

Escrow and most all marketplaces handle the money.

You can also send an invoice via paypal.

Hope this helps you some.

 

[xynames]

Halloa. Read a lot at NP before buying (or selling). Good luck.

 

[Rafael Novaes]

Some answers:
1 - Not necessarily. You can suggest payment be made through payment processors like paypal or depending on where the name registered, you can place it for sale and the buyer can purchase it through the registrar marketplace. If the deal is really small, you can document the agreement and just give the name first.

Escrow and most all marketplaces handle the money.

You can also send an invoice via paypal.

Hope this helps you some.

How to reliably document a domain transaction with seller and buyer in different countries?

Is there any special care when we sell domains via paypal?

Thanks!

 

[DaveX]

Depends. Paypal can be used on most all domain name marketplaces. I recommend directing your buyers to established marketplace platforms.

For example, if buyer has a favorite registrar, if there is a marketplace, you can list the domain there for the buyer to complete the purchase.

For small sales (under 500), you can transfer the domain first, then get payment. Or get half up front.

Just depends.

 

[DaveX]

You can sell through Ebay also. People know ebay.

 

[Rafael Novaes]

Depends. Paypal can be used on most all domain name marketplaces. I recommend directing your buyers to established marketplace platforms.

Do these marketplaces also charge fees ???

For example, if buyer has a favorite registrar, if there is a marketplace, you can list the domain there for the buyer to complete the purchase.

This is a fine solution!

For small sales (under 500), you can transfer the domain first, then get payment. Or get half up front.

Just depends.

Forgive distill my ignorance, but in this case you are referring to a transaction directly on Paypal or having a marketplace as intermediary


About Ebay i've heard has a bad reputation for domain transactions.

Thanks!

 

[biggie]

For small sales (under 500), you can transfer the domain first, then get payment. Or get half up front.

Just depends.

bad advice to give to a newbie

imo...

 

[DaveX]

bad advice to give to a newbie

imo...

You're right. I was in a rush.

I've just never had problems doing that.