question Buyer interested...Amount agreed...All Good?

[DanBingham]

You send an email to someone regarding one of your domains - they reply and you agree a price. You reply back asking them to send payment via Paypal - all good? Not quite....

The buyer doesn't feel comfortable depositing money into account without any form of 'process', so it seems that there is a trust issue which one would agree is completely understandable.

What process would you implement to prove to a potential buyer that you are the domain owner, and the transaction is 100% genuine? If the coin was flipped and you were the buyer, what would you expect from the seller before making payment? Would you be willing to pay up based on an email you received?

I can see this being quite a common problem?

 

[Templr]

Erm Escrow.

 

[karmaco]

Use Escow.com or Payoneer. When I agree on a price I set a buy it now which takes them to the processor we agreed upon. I only consider PayPal for very low amount transactions. I discuss payment method during negotiation.

 

[Jasonn]

You could use a domain sale agreement. Search google for one.

 

[mitch007]

send your buyer a paypal request for funds... explain everything on your invoice

 

[Abdillahi Abdillahi]

It is very simple. You should have mentioned the use of escrow and once the price was agreed, you could have sent the link to the Buy It Now button and let him start the escrow. Or you start and let escrow send him the emails.

 

[atinc]

List it for sale on godaddy add the commision to the price and let him buy at godaddy

 

[biggie]

go to their house or place of business, and conduct transaction in person.



imo....

 

[DanBingham]

go to their house or place of business, and conduct transaction in person.



imo....

No good if they are in the US or any other country outside the UK!

 

[biggie]

No good if they are in the US or any other country outside the UK!

oh, well

but the problem you have, is not typically the same with "incoming" offers.

from that perspective, buyers are more willing to use your preferred payment method, when they really want the name


imo....

 

[xynames]

I get the impression this is a low dollar sale otherwise why even hesitate - escrow.com

You could point out that if you invoice them for a specific good (the domain) and do not deliver that they may dispute the transaction for nondelivery with PayPal.

I understand their hesitation. I have bought a couple of low dollar domains from namepros members lately (one $250., one was just $3.) and paid with PayPal, and you always wonder, even if just for a moment, if you will get the domain, but if you receive an email from the exact WhoIs this at least sets your mind at ease that they do in fact own it.

Anyway, just outline the whole thing - that escrow.com is fine but that there will be transaction costs.

When I am negotiating a sale, and we get to the end where the price is about to be agreed on, I am careful to use the terms "as long as I receive net _____" so that it is clear that I am agreeing to a certain price irrespective of transactional costs. Then, later, when you discuss payment methods and offer escrow as an option you've already made it clear that you must receive a certain net amount, the implication being that the escrow fees must be paid by buyer. At that point, you may suggest PayPal as an alternative to save them escrow fees. Ya follow? One step at a time, but make sure it is clear that when you agree on a sales price that you are agreeing based on that you receive that amount, net.

That way, the decision on whether to use escrow or PayPal is made by them, or at least...they think it is being made by them, when in reality you have subtly manipulated the end result to where it doesn't matter to you one way or another since all you care is that you receive a certain amount, net.

This "aproach" works best when you are agreeing to sell below your asking price. If they come right in and agree on what you want off the bat, then half of escrow costs isn't such a big deal.

 

[Rothex]

go to their house or place of business, and conduct transaction in person.



imo....

A simple phone call may even suffice in building trust.

 

[xynames]

Go to their house?

Just show up, eh.

 

[varmuk]

escrow
paypal
skrill
payoneer
afternic
sedo
undeveloped (now with only 9% commission)

 

[Kuffy]

As a buyer - PayPal would be a red light for me. I'd back out if you didn't have another payment method.
I'm convinced that registrar pushes after an account payment transfer is the best method for both parties. If the buyer doesn't like this method, then use Payoneer of Bitcoin.

 

[xynames]

Hmm. So as a buyer you wouldn’t want to do PayPal, where there is at least some ability to dispute the transaction. But you’d pay with bitcoin, which is irreversible. Not going to spend further time picking your post apart.

Kuffy as usual you make little to no sense.

 

[DGMDomains]

Escrow and Payoneer Escrow for me.

 

[Furquan]

Not sure about where is your domain name, but I had gone through this issue, where the buyer was not confidence into sending $$$ before the domain, so I have told him, I am going to list domain on Namecheap marketplace with the agreed price plus 10% as they are going to charge me, he accepted it and all went smooth.

I had given him other option including Escrow but he had tried them before for some other deal and the escrow keep asking him about some legal documents.

 

[DanBingham]

The issue we face is convincing the buyer that the transaction is 100% genuine, and getting them to make the payment. You contact them out of the blue - how do you convince them that you are not the next fraudster? Afterall, the PayPal or Escrow account you mention could be corrupt couldn't it? Yes, there is the option of going through the likes of GoDaddy etc but does that really change anything?

If you have a buyer who is very nervous, and you are asking $$$, it's sure to take a lot of convincing to win them around.

 

[xynames]

True, I've had inquirers that it has gotten to the point in negotiations or discussions where I simply tell them that it is listed at Afternic or whatever for this price, essentially I am telling them to take it or leave it, and then later that same day I get the notification that it sold. A few days later that I look, from the nameservers, website or WhoIs, I know that this was the same buyer.

Would've rather sold it directly so as to avoid commission but a sale is a sale. Some buyers feel more comfortable sometimes dealing with Afternic, GoDaddy, domainagents, etc.