question Buyer will pay with credit card $19,000

[italsat]

Hello , i have sold a domain , the buyer ask me for pay it with credit card 19,000

What escrow service allow to pay with credit card this amount ?



i have open a escrow.com transaction but buyer not like it.

 

[DaveX]

escrow.com

https://www.escrow.com/domains

 

[Brand Consultants]

escrow.com

https://www.escrow.com/domains

5k max with Escrow I think.

 

[italsat]

escrow ask wire transfer

 

[italsat]

i have used waveapps.com and have sent a invoice with creditcard enable via stripe.com

 

[urlurl]

may risk a chargeback on the credit card. i would insist on an escrow service, wire transfer or direct deposit.

why doesn't he want to use escrow?

 

[D Haynes]

Surely they can pay 19k into their own bank account from the card then wire it through an escrow service.

 

[deez007]

Have you checked with Payoneer Escrow? - I'm not certain what their limits are on Credit card payments, I think it would be worth your while checking with them.....

 

[Justin Matmor]

Not sure why you insist to use escrow if you are the seller. The person taking the risk is the buyer, not the seller. As long as you receive the funds first, then you authorise the transfer, what is your risk?

 

[promo]

A CC chargeback is the obvious risk. No Escrow service to my knowledge accepts CC payments over 5k.

If its a single name you are out of luck. If its multiple names you can split the transaction 4 ways.

Unless this is a reputable company I would be very very wary accepting 19k from CC.

 

[bmugford]

I am not aware of any escrow service that is going to allow a $19K credit card charge. It is way too much of a risk for them.

Brad

 

[dnsnames]

You sold a domain. That's good news.

But why should you pay for the buyer 19k ? it should be the other way round right ? if you sell a domain buyer should pay for it.

Hello , i have sold a domain , the buyer ask me for pay it with credit card 19,000

What escrow service allow to pay with credit card this amount ?



i have open a escrow.com transaction but buyer not like it.

 

[Manik]

What you can do is create multiple escrow transactions for $5000 each.

Use one for TheDomainYouAreSelling.com

and register similar domains like TheDomainYouAreSelling.net or .org or .gtld etc and use them for the escrow transactions as well.

 

[Justin Matmor]

You sold a domain. That's good news.

But why should you pay for the buyer 19k ? it should be the other way round right ? if you sell a domain buyer should pay for it.

The buyer requested to pay using cc - not the seller.

 

[dnsnames]

Ok. In that case probably CC charge back risk is obvious.

Why not Wire ? Does the platform you sell provides escrow services ? or it's a private direct sales between buyer and seller ?

 

[shane mac]

19k, hell of a sale, well done. Good luck getting this settled.

 

[Ted.T]

It could simply be a stolen card. So, be aware, a chargeback could wait around the corner. As it's a quite expensive domain, I'm sure you wouldn't want to lose it.

 

[Brandworthy]

If it sounds too good to be true...

Put yourself in the shoes of an average buyer - would you want to pay someone $19,000 before they transfer you a domain? Have they asked about who you are, where you are based etc.? If you were in their shoes would you send $19K to some random domain owner on the other side of the world rather than use a secure escrow service?

The fact they want to pay this amount by credit card should flag some serious suspicions, and may show they have no regard for these funds. If so, why might that be? The reason no escrow company will accept such a large payment via CC is because of the very heightened risk of fraud.

 

[Kuffy]

I can think of only one reason for a legitimate buyer wanting to pay by cc, and that is because he doesn't have the funds, and wants to pay by installments. This is an expensive way to fund a capital purchase, and you could point out to him that a bank loan is a much cheaper option. This would allow for a payment by wirer transfer.

Actually I've just thought of another reason. He has a buyer for the name, and doesn't want to fund the trade himself. If this is the case, then it does leave you open to a chargeback.

 

[Justin Matmor]

How will you receive funds if they pay by credit card?
Are you a credit card merchant?