Buyers DO NOT PAY ANY FEES

[equity78]

Seems like we have a bunch of threads lately with people saying that the buyer pays fees. That is against Namepros and Paypal rules, trying to enforce that will result in your sales threads being closed.

If someone pms you that you need to pay fees report immediately to @Eric Lyon and a mod.

Namepros Marketplace in place for over a decade:

6.1.7. Per PayPal TOS, all transactions must have fees charged to the receiver of funds by default. One is not allowed to avoid taxes by asking for payment in the form of a gift. Sellers must either willingly accept fees or clearly include them in the price.

UPDATE:
6.1.7. Sellers are responsible for paying all transaction fees. Sellers should take fees into consideration when choosing sale prices or starting bids. Multiple sale prices and multiple starting bids may be set based on specific criteria. Learn why.

 

[Eric Lyon]

Funny, earlier when I asked Eric about the buyer paying fees?
He said yes, it is the rule if the seller says the buyer pays the paypal fees, the buyer must pay!
In reply to a pm about this, here is Eric's answer:

As you can see in the quote above & your quote, it says Gift payments are not allowed and that a seller can ask for fee's as long as it's clearly stated in the sales thread. otherwise, by default the seller has to pay them.

So what is being said now?
Means that what Eric told me is null and void?
Am I correct?

Please reread my last post. It clearly said that:

We'll let other websites enforce their own TOS. The rule has been updated as shown above.

Meaning the rule was recently updated to what you see now, this:

6.1.7. All transactions must have fees charged to the receiver of funds. Sellers must either willingly accept fees or clearly include them in the price.

Hope that helps,

 

[wwwweb]

Please reread my last post. It clearly said that:

We'll let other websites enforce their own TOS. The rule has been updated as shown above.

Meaning the rule was recently updated to what you see now, this:

6.1.7. All transactions must have fees charged to the receiver of funds. Sellers must either willingly accept fees or clearly include them in the price.

Hope that helps,

The last part of that line is a bit tricky, as I see many domain auctions at namepros

The closing auction price would automatically have fees included, or are sellers supposed to write a disclaimer saying add 3% to final auction bid price?

 

[Eric Lyon]

The last part of that line is a bit tricky, as I see many domain auctions at namepros

The closing auction price would automatically have fees included, or are sellers supposed to right a disclaimer saying add 3% to final auction bid price?

It means that at the time of the sales listing and prior to any bids, all fee's must be disclosed to a potential buyer if there is intent to have a buyer pay the fee's. Clarification is important. You can call it a disclaimer or a guideline.

 

[forge]

Why even bother with the rule, if it's purportedly to prevent a seller from circumventing tax liabilities? To allow recovering fees from buyers under "certain circumstances" makes the rule pointless IMO.

 

[NameOmnia]

" clearly include them in the price. "

What does that mean? That you have to say " 5% add to winning price " or something like that?

 

[Eric Lyon]

" clearly include them in the price. "

What does that mean? That you have to say " 5% add to winning price " or something like that?

Not all processors charge the same fee. I think that it would be adequate to state the payment method and next to it something like "Buyer pays fee's" or "Winner pays fee's" . Other than that, you'll need to reference the payment method source (Escrow.com, Paypal, etc.) to get updated on their current fee structure and rules to make sure you are complying with them.

As stated before, NamePros can only enforce it's own rules and is not authorized to enforce anyone elses terms of use. That is between the buyer and the seller to work out.

Hope that helps,

Outdated. See the update: https://www.namepros.com/posts/5101586/

 

[NameOmnia]

Not all processors charge the same fee. I think that it would be adequate to state the payment method and next to it something like "Buyer pays fee's" or "Winner pays fee's" . Other than that, you'll need to reference the payment method source (Escrow.com, Paypal, etc.) to get updated on their current fee structure and rules to make sure you are complying with them.

As stated before, NamePros can only enforce it's own rules and is not authorized to enforce anyone elses terms of use. That is between the buyer and the seller to work out.

Hope that helps,

So the rule has been changed right? Because I have been messaged by mods when I clearly stated that,referring to PP payment, buyer should have paid the fees.
I just need to understand properly, please.
Are we now allowed to say buyers pay the fees even when referred to Paypal? Thanks

 

[wwwweb]

So the rule has been changed right? Because I have been messaged by mods when I clearly stated that,referring to PP payment, buyer should have paid the fees.
I just need to understand properly, please.
Are we now allowed to say buyers pay the fees even when referred to Paypal? Thanks

This is a slippery slope, as fees is such an undefined term, one guy wanted 5% premium for paypal before, which was about a 2% premium.

Basically people are just going to continue to do what they do, for the most part I would say 95% of people do not care, one guy refunded a $300 paypal payment, because I miscalculated the paypal fee by $1.14.

So I basically had to submit payment twice, and wait for refund from paypal, and I was nice enough to cover fees, before I found out about this rule, now the rule seems tweaked once more.

 

[Eric Lyon]

So the rule has been changed right? Because I have been messaged by mods when I clearly stated that,referring to PP payment, buyer should have paid the fees.
I just need to understand properly, please.
Are we now allowed to say buyers pay the fees even when referred to Paypal? Thanks

Please refer to my previous posts, I think I answered this one already.

Thanks,

 

[iowadawg]

So, my take so far.....
If the seller says the buyer must pay extra,.....that is okay.

That would be like my grocery store saying:
You the buyer of our products we sell here will have to pay extra because we have checkers.

It should be stated IN BOLD....either there are fees for a buyer, or NO fees for a buyer.
No in between, no saying up to seller...

 

[forge]

Basically people are just going to continue to do what they do, for the most part I would say 95% of people do not care, one guy refunded a $300 paypal payment, because I miscalculated the paypal fee by $1.14.

These folks (I'll be nice) are the farthest you can get from "professional". I refunded one seller nearly 100% of PayPal fees after the fact, just out of courtesy. My reward? Not even the simplest "thank you". You think I won't remember that?

NP sellers have the advantage of 0% commissions. Often they'll make much more than they could possibly take at GoDaddy, Flippa or Sedo after commissions. Yet they have no shame passing along the cost to their buyer for fees that they are RESPONSIBLE FOR simply by conducting business (financial transactions) online and the convenience that affords them.

Note: Escrow.com is a completely different matter IMO. Who pays fees is explicitly defined prior to the transaction. No guessing games.

 

[Keith]

Seems like we have a bunch of threads lately with people saying that the buyer pays fees. That is against Namepros and Paypal rules, trying to enforce that will result in your sales threads being closed.

If someone pms you that you need to pay fees report immediately to @Eric Lyon and a mod.

Namepros Marketplace in place for over a decade:

6.1.7. Per PayPal TOS, all transactions must have fees charged to the receiver of funds by default. One is not allowed to avoid taxes by asking for payment in the form of a gift. Sellers must either willingly accept fees or clearly include them in the price.

UPDATE:
6.1.7. Sellers are responsible for paying all transaction fees. Sellers should take fees into consideration when choosing a sale price or starting bid.

I always choose "friends or family" which charges fees to me, the sender. Can anyone explain how this affects taxes and why NP would get in between buyer/seller negotiations?

 

[NameOmnia]

I always choose "friends or family" which charges fees to me, the sender. Can anyone explain how this affects taxes and why NP would get in between buyer/seller negotiations?

My understanding is that if you send as a gift the receiver can avoid to pay taxes on the money; while if you add the fees to the price that would still be recorded as a transaction not as a gift from your mum for example

 

[Eric Lyon]

Ok, one last update and my apologies for the confusion. Sometimes it's hard to translate things or the translation appears to have different meanings for everyone. In this case, I misinterpreted the rule update and have now consulted with some of the other management team members and we updated the rule to be less confusing for everyone (including myself).

The rule update is as follows:

6.1.7. Sellers are responsible for paying all transaction fees. Sellers should take fees into consideration when choosing a sale price or starting bid.

Again, I apologize for the confusion and hope that the updated rule is clearly understood by everyone that No fees can be charged at all to a buyer. A seller must consider the fees when they list their domain for sale. They can compensate with a starting bid that covers fees or possibly ask $15 rather than $10 on a fixed price listing.

From my post before:
The goal of our policies is to provide a positive user experience according to what we believe is fair, easy to understand, and will create a pleasant experience for members.

I hope that clarifies things,

 

[NameOmnia]

Alright, so we can't ...understood but I disagree.

 

[Keith]

It seems like a rule that should be tossed. For example, at Sedo, a seller can contact support to negotiate a deal where the buyer pays commission fees.

This rule at NP is like the government trying to control the people. Let buyers and sellers negotiate a deal that works in a way that both parties get what they want. This nitpicking is ridiculous IMO.

 

[Eric Lyon]

Let buyers and sellers negotiate a deal that works in a way that both parties get what they want.

The rules exist to resolve disputes/issues. If the buyer and seller agree to something else and no one involved have issues, then there is no dispute. In that case, there's no involvement by NamePros.

Clarification:
No one may create a thread that is in violation of the rules.

My comment was referring to private conversations where two members may wish to conduct business in a way where they both agree to something, and to express that it is not our goal to impose on them. However, the rules are the rules, and if any issues arise, those are what we will follow.

 

[NameOmnia]

This nitpicking is ridiculous IMO.

I agree. Once things are openly stated in the auction thread it should be enough; everyone is informed and everyone can decide freely. Also I don't understand why it's ok to charge Escrow/Ecop fees but not PayPal..

 

[NameOmnia]

The rules exist to resolve disputes/issues. If the buyer and seller agree to something else and no one involved have issues, then there is no dispute. In that case, there's no involvement by NamePros.

This does not make sense. It's either one thing is allowed or it's not.

 

[Eric Lyon]

I don't understand why it's ok to charge Escrow/Ecop fees but not PayPal

The rule was updated and no longer mentions PayPal. It applies to all fees.

This does not make sense. It's either one thing is allowed or it's not

It's not allowed, but we do not involve ourselves unless there is an issue.

Clarification:
No one may create a thread that is in violation of the rules.

My comment was referring to private conversations where two members may wish to conduct business in a way where they both agree to something, and to express that it is not our goal to impose on them. However, the rules are the rules, and if any issues arise, those are what we will follow.