Cancel the bid after won at Sedo

[liortal]

Is it possible to cancel my bid at sedo after i won the auction if i dont want the domain?

 

[wwwweb]

Sedo will most likely cancel your account, you can do anything you want, you just have to be willing to face the consequences of your actions.

The seller also has the right to initiate legal action against you, as you signed an electronic contract when entering into sedo TOS.

 

[liortal]

Thanks, i guess ill have to pay 700$ lol..

 

[SlimPickins]

this thread has the potential to become a very long, very redundant and (understandably) very unsympathetic thread.... to cut to the chase and, hopefully/perhaps, clarify the situation before it gets out of hand, can you please clarify WHY on earth you either made an offer, or joined and auction and placed a $700 winning bid, for a domain you "don't want"?! As someone who has personally had too many auctions canceled due to non-paying bidders, to read this thread irritated me.... so I am hoping that there is, somehow, a reason for it that shifts my opinion at the moment. If you "accidentally" placed an extra zero in your offer, you should have IMMEDIATELY contacted sedo staff and clarified the situation.... not asked on a domainer forum AFTER you have won how you can get out of the transaction.... so, hopefully it is another reason. If not, and you placed a bid, won and now have changed your mind about it I can only say, for me personally, that I hope sedo kicks you to the curb and the person that sold the domain thinks the principle of the matter outweighs the $700 and shows you just how bad, and costly, such business ethics can be.

 

[RevolutionaryDomains]

I couldn't agree more, and I myself am interested in the sudden change of heart after a $700 bid, which led to an auction win. Without reading OPs actual reasoning behind it, to me it reads as a simple case of buyers remorse. Regardless, hopefully OP will do the right thing and follow through with the commitment by completing the transaction. Looking forward to the outcome.


-Regards

 

[chat111]

Sorry in advance I'm a newbie, but perhaps from the newbie perspective things seem a bit different.

SlimPickins you say you're irritated to read this thread because obviously having your auctions fail because of non-paying buyers is irritating. Yet at the same time I'm sure many of such canceled bids are very understandable. Not everyone who comes to an auction is a cold-headed domainer, in fact this forum proves very much the opposite. There are a lot of newbies in this business, many of which are very young too. And it is easy to see how someone like them can get overexcited or over-worried and bid without proper thinking, so that only in couple of hours to realize that they should not have done it. Hence the existence of 'cooling period' in consumer protection law, in order to protect some of such unfortunate consumers.

Of course the auction is completely different from the ordinary trade relationship between seller and the consumer, and 'cooling period' usually does not apply here. But it doesn't change the fact that the circumstances requiring such 'cooling period' can never arise - namely, inexperienced buyers who made a mistake. Yes it is their fault that they are inexperienced, and perhaps you are right that they should pay for their mistake, yet there is a difference between one who bids and then avoids payment maliciously, and one who makes stupid mistake of being a newbie.

What I'm saying is not that it is OK to change your mind, or that it is OK to be inexperienced, or that one should not be irritated about it. My point only is surely it is not that very difficult to see the possible REASON behind the OP's post? Especially for the two experienced moderators:D

 

[Coopey]

I think lots of people place 'big' bids on Sedo so they can feel like big shots. Often I see auctions with 1000-1500 reserves that seem to attract lots of 900-ish bids (from different bidders, so it likely isn't just the shill-to-reserve scam). I think it happens a lot on names without reserves that will surely go for a lot more too (e.g. placing a $2000 bid for an LLL.com, someone will bid more before the end for sure).
This way they get to say "yeah, I'm a big player" and then go back to listing their .co names.

To OP: what everyone else said. You've entered a binding contract to pay $700, you pay $700. If you don't want the domain then you've learned a valuable lesson about not bidding on an impulse and to research a bit more before buying. As a consolation you'll have a domain that you may be able to sell to the second bidder.
Once you're in control of your domain, relist at Sedo and email your Sedo rep. Explain the situation and see if they'll message the 2nd/3rd place bidders to say the name is still available. If you're able to sell the name for $650 then you're $50 out of pocket rather than $700.

 

[DnEbook]

crazy to bid on something if unsure of it's value

 

[Tyroh]

this thread has the potential to become a very long, very redundant and (understandably) very unsympathetic thread.... to cut to the chase and, hopefully/perhaps, clarify the situation before it gets out of hand, can you please clarify WHY on earth you either made an offer, or joined and auction and placed a $700 winning bid, for a domain you "don't want"?! As someone who has personally had too many auctions canceled due to non-paying bidders, to read this thread irritated me.... so I am hoping that there is, somehow, a reason for it that shifts my opinion at the moment. If you "accidentally" placed an extra zero in your offer, you should have IMMEDIATELY contacted sedo staff and clarified the situation.... not asked on a domainer forum AFTER you have won how you can get out of the transaction.... so, hopefully it is another reason. If not, and you placed a bid, won and now have changed your mind about it I can only say, for me personally, that I hope sedo kicks you to the curb and the person that sold the domain thinks the principle of the matter outweighs the $700 and shows you just how bad, and costly, such business ethics can be.

Look man sedo makes it way to easy to put a bid accidentally, I click buy thinking like godaddy it would go in cart, no it puts a bid in and I won, I don't even have near the amount needed to pay, I understand what you mean but sedo site is so bad, no support(I've tried everything to contact) straight away, no contact with owner, placed the maximum bid, now I have a possible court case, I am so pissed off. Its basically a scam site.

 

[Bearded Goat]

no...sedo is not a scam site. You can communicate with the transfer agent. But I am sure they are going to tell you that you entered into an agreement when you placed the bid and agreed to the terms.

 

[Tyroh]

no...sedo is not a scam site. You can communicate with the transfer agent. But I am sure they are going to tell you that you entered into an agreement when you placed the bid and agreed to the terms.

Haha that's laughable, Ive been waiting days, no reply from anyone, I've tryed email, chatting to a transfer agent, everything and no one has talked to me plus its says buy not bid, why would I want to pay full price, I'm not paying, sedo is legit the worst site ever made. I didn't want to bid, I wanted to see how much it would cost in my currency, that's why I click buy but buy doesn't equal bid, sedo can go stuff itself, I'm not paying. Worst site, no support at all, I've tryed everything to contact them and been waiting days for reply. If that's not a scam site, it's a company that is misleading, have no warning that you put a bid in and doesn't know the difference between buy and bid, I feel bad for the domain owner but I'm not going to pay because of a crappy Company.

 

[Tyroh]

Just want to update. sedo have cancel the transaction, delete my account, so I'm very happy, unsure if owner have gotten any information about me but I'm glad I don't have to pay a least. I'm unsure the legal implications for this but I hope there's none and I think I could win in court anyway.

 

[dirk]

Haha that's laughable, Ive been waiting days, no reply from anyone, I've tryed email, chatting to a transfer agent, everything and no one has talked to me plus its says buy not bid, why would I want to pay full price, I'm not paying, sedo is legit the worst site ever made. I didn't want to bid, I wanted to see how much it would cost in my currency, that's why I click buy but buy doesn't equal bid, sedo can go stuff itself, I'm not paying. Worst site, no support at all, I've tryed everything to contact them and been waiting days for reply. If that's not a scam site, it's a company that is misleading, have no warning that you put a bid in and doesn't know the difference between buy and bid, I feel bad for the domain owner but I'm not going to pay because of a crappy Company.

Sedo auction domains have a submit bid button, Not a buy button as in my experience.

 

[Tyroh]

Sedo auction domains have a submit bid button, Not a buy button as in my experience.

I never submitted bid, I click buy to check the price, maybe because of the translation between German and english? I never intended to buy the domain, I was simply wanting to check the price.

 

[dirk]

I never submitted bid, I click buy to check the price, maybe because of the translation between German and english? I never intended to buy the domain, I was simply wanting to check the price.

In German it says Sofort kaufen or gebot angeben on auctions. No room for misunderstanding imo.

 

[Tyroh]

In German it says Sofort kaufen or gebot angeben on auctions. No room for misunderstanding imo.

Well I don't know but when you go on the site, there is two different types, make offer and buy. Some sales have make offer, other domains have buy. When I clicked buy it put a offer in for the max price(the price the owner wanted) straight away, no warning or anything. Its not a misunderstanding, it's misleading.

 

[dirk]

Well I don't know but when you go on the site, there is two different types, make offer and buy. Some sales have make offer, other domains have buy. When I clicked buy it put a offer in for the max price(the price the owner wanted) straight away, no warning or anything. Its not a misunderstanding, it's misleading.

It's not. You clicked a buy now button. Nothing misleading about that. The price is listed and you bought it. Simple as that.

 

[frank-germany]

Just want to update. sedo have cancel the transaction, delete my account, so I'm very happy, unsure if owner have gotten any information about me but I'm glad I don't have to pay a least. I'm unsure the legal implications for this but I hope there's none and I think I could win in court anyway.

we will all hate you...

so you better :
close your namepros account now
as you obviously did before

stay away from domaining
and wait a few years
until you are no teen no more

 

[xynames]

I particularly dislike buyers who win at my Ebay auctions then ask questions they should have asked before bidding, especially in that my auction listings are detailed and address all their questions already if they’d just READ the listing, and then sometimes ask me to let them out of their winning bid. Some even come with a “I’m sorry I don’t have the money.” Well then, Why did you bid? I never let them out but even after they fail to pay Ebay does almost nothing to them just an unpaid buyer strike which unless they accumulate many strikes means nothing. And in the meantime I’m held up for six days until I’m able to relist the item because that’s how long the deadbeat bidder process takes.

 

[Sedo]

Hi Tyroh,

Thanks for your comment.

In order to buy a domain you have to confirm the amount on two separate occasions and agree to Sedos Domain Marketplace Agreement, Domain Transfer Agreement, the terms and conditions of the purchase, and the sale agreement. The wording on the purchase summary screens also clearly states that you are committing to buy the domain. There can be no confusion here, if you commit to buy a domain that you have no intention of purchasing then you need to take into consideration that you are not only entering into a legally binding agreement with the seller and they can take legal action against you to fulfill the contract, but you could also be charged commission for the work that Sedo puts into this, communicating with the disappointed seller and cancelling the transaction. You should therefore only make offers or buy domains that you are 100% committed to purchase.

You also say you have had no contact from Sedo, can you provide me with the email address of your Sedo account so that I can look into this for you. Sedo was closed on the 24th, 25th and 26th of December due to the holiday period so if you tried to contact us then there would be a delay in responding, also we don’t work Saturdays and Sundays, but normally we respond within 2 working days to enquiries.

Let me know your email address and I will happily look into this for you.

All the best

Chris