BIN - How long?

[soccertrick]

How long do you think is a reasonable amount of time to give someone to pay for an auction when they bid the BIN price?

To me when someone bids the BIN, I would assume they have the cash to pay for the domains that same day, hence "Buy It Now".

What are your thoughts?

 

[S-B]

Depends on the platform. I've had deals take 2-weeks. Sucks but that's business.

 

[soccertrick]

Sorry Shane, I'm talking about on NamePros.

 

[S-B]

Sorry Shane, I'm talking about on NamePros.

I believe NPs rules state something like 7-days. Don't quote me on that though. :P

 

[iowadawg]

Default timeline for sales: transactions must be initiated within 7 days of an offer being accepted. The domain transfer must be completed within a grand total of 14 days from the time the offer was accepted. Alternate timelines are only accepted if both the buyer and seller agree to it.
See all rules for the domain marketplace here:
https://www.namepros.com/threads/official-rules-of-namepros.848752/#section-060000

 

[Name Trader]

If 7 days have passed since the BIN was placed, and you responded in a timely manner, you should report the non-sale to NP Moderators and ask for their help in getting the sale completed.

 

[Eric Lyon]

@soccertrick - Please be sure to report the thread if the member fails to honor the binding purchase agreement within the 7 days outlined in the rules. I would be happy to assist you personally as well if you want to add me to the last private conversation message initiated with the member. (In the private message, click on "Invite More" just under the participants box to the right of the conversation, then add: "Eric Lyon").