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Buyer payment is pending.

Labeled as question in Domain Buying and Selling Discussion, started by rokarmy, Feb 18, 2021

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  1. rokarmy

    rokarmy Established Member

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    Hi!

    I am a individual domain seller.
    I'm looking for advice because the sales in progress are not moving forward.
    (My English is not so fluent. Please understand it.)

    The price agreed with the buyer is about $37,000.00 USD.
    The buyer is a tech company in India.

    I created a transaction on DAN.com and the buyer also accepted this transaction.
    However, the funds were not secured for two weeks and I received a new email from the buyer today.
    It is the company's finance team who sent the email.
    What should I do to move forward at this stage?
     
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  2. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    Looks like this is a scam. Hope it's not, but beware. Especially when you propose to use escrow A and then they want you to use another escrow B.
     
    Last edited: Feb 18, 2021
  3. rokarmy

    rokarmy Established Member

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    Thank you for your advice. I think maybe this deal is not a scam. Because the buyer is a big tech company and the email address has been verified. I just don't understand why these require complicated processes.
     
    Last edited: Feb 18, 2021
  4. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    Remain aware. On the Internet, you most often don't really know who's the other party.

    Still, I hope it's real for you, and that you get paid.

    https://en.wikipedia.org/wiki/On_the_Internet,_nobody_knows_you're_a_dog
     
    Last edited: Feb 18, 2021
  5. ecomslice

    ecomslice Top Contributor VIP

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    "It is easier to fool people, than to convince them that they have been fooled"
    -Mark Twain
     
  6. Domainication

    Domainication Upgraded Member Blue Account

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    How did the lead came trough?
    Did they contacted you directly via mail?

    Did you purchased a high cost appraisal certificate they were asking for?
     
    Last edited: Feb 18, 2021
  7. koolishman

    koolishman Top Contributor VIP

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    Please help to complete this transaction by routing through our registered vendore (we will provide vednor details).


    If this the mail they sent verbatim, it is a scam. Check the spelling of " vendor".
     
    Last edited: Feb 18, 2021
  8. rokarmy

    rokarmy Established Member

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    I am a server programmer and I host all the domains I sell myself.
    I create my own landing page and sell my domain. The buyer contacted the email address on the landing page.

    What is it? I've never heard of that.
     
  9. koolishman

    koolishman Top Contributor VIP

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  10. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    To put it straightforward:

    Do not use any escrow they are suggesting, while you have already started an escrow at DAN.
     
    Last edited: Feb 18, 2021
  11. rokarmy

    rokarmy Established Member

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    Oh, thank you for your advice. I didn't notice it.
    I don't really understand this complicated content.
     
  12. rokarmy

    rokarmy Established Member

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    Thanks, I really mean it. I will really keep your words in mind.
     
  13. koolishman

    koolishman Top Contributor VIP

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    Ask for the contact number of finance person and talk. E-mail can be spoofed, you know.

    Please update us here as to progress on this, for community's sake.
     
  14. rokarmy

    rokarmy Established Member

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    Thanks for the advice I understand now.
     
  15. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    many companies pay for services, products, etc, via a vendor id

    i suggest you contact them by phone to discuss the process

    as long as you keep domain in your possession, until payment is received, then any loss should only be time wasted... if deal falls thru

    if you have a bank, maybe they can wire payment if deal is reached and you can bypass that 3rd party commission

    imo...
     
  16. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    Some additional info on what they are probably want to do. They direct you to a fake escrow service that looks legit to you. They show a fake proof of payment. You transfer your domain. You lost your domain without getting paid.

    Remember: a trusted escrow service will protect both the buyer (their money) and the seller (their domain).
     
  17. rokarmy

    rokarmy Established Member

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    I will keep updating if there is any change.
    I also like to talk on the phone and want to do so, but my English is not fluent.
     
  18. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    Why not ask them why they didn't proceed with the DAN escrow you initiated? Don't call them, you will give them even more personal info................. Help.
     
  19. rokarmy

    rokarmy Established Member

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    Phone calls are probably the best way. It's difficult for me, but I'll think about it.
     
  20. rokarmy

    rokarmy Established Member

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    I am the first to deal over $30K like this one. So I'm wondering if this is a normal procedure, so I ask. I don't think this is a normal procedure.
     
    Last edited: Feb 18, 2021
  21. biggie

    biggie GreenFriendly.com VIP ★★★★★★★★★★

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    Hi

    a phone call is best way to validate whom you are dealing with.
    this also can establish long lasting relationship

    don't let the grammar be a barrier, as you can inform them of that in beginning of conversation

    they are not interested in how well your english is, so focus on the task at hand

    as long as you can communicate your thoughts and understand their directives for vendor setup, then it shouldn't be a problem

    imo...
     
  22. rokarmy

    rokarmy Established Member

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    Thanks for your advice. I'll keep that in mind.
     
  23. koolishman

    koolishman Top Contributor VIP

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    Also, any big tech company will have some contact mail info on website and you can send a mail to their corporate dept and in turn they will send to their finance dept.

    That way you will know it is genuine.
     
  24. rokarmy

    rokarmy Established Member

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    I usually accept payments via DAN.com and Escrow.com. The same goes for this sale. Thanks for the your advice.
     
  25. rokarmy

    rokarmy Established Member

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    Thanks for reply. As you said, I looked at the website, but it is full of company and product introductions. No employee information can be found. I will try to make a phone call tomorrow.
     

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