DAN.com outrageous fees?

[Lord Antares]

Hi all.

Just been awarded the 5 year forum membership trophy. I've been away from domaining doing other projects.

At the same time, I got an offer on DAN for a parked domain name which has a sale lander at the top.

He offered $1k but immediately accepted my $3500 counter offer.

DAN sends me I will be receiving $2441.25

Does anybody still use this platform? As soon as I heard they were going to be bought by godaddy, I knew this would happen.

That was the entire point of DAN (undeveloped.com then). They just provide a lander for a low commission.
They had jack all to do with this sale, yet happily took 30% commission. Bodis brought the lead here.

So what's going on lately? Are there any new options now? Any site which follows the philosophy of what DAN used to be? Anything not GD related? Maybe self hosting is the way to go nowadays?

Thanks all, I am glad for my 5 years on this forum though.

 

[Lord Antares]

It's not 50%.

It's $3,500 * 0.25 * 1.21 VAT = $1,058,75 total fee (=30.25% including VAT)

I understand where the extra 5.25% is coming from now.

Surely, there must be better alternatives out there in 2023. To pay 30% for what was basically just escrow is unacceptable.

I guess self hosting is the way to go now.

 

[Fayaz Ahmed]

I'm currently using DAN and Afternic, but will eventually self host my most valuable domains with escrow.com payment.

Will still list on Afternic and DAN and on other market places, but only for the exposure. And of course without BIN. Buyers will pay all the fees if the sales happen there. But clever buyers will hopefully find the landers with escrow.com payment.

Too much monopoly going on out there, need to get back some control.

Best wishes,
Fayaz.

 

[Acroplex]

Unfortunately this move by GoDaddy to impose a 25% "head tax" on transactions initiated outside of its sphere of influence has not been met with the outrage it deserves.

 

[Lord Antares]

I'm currently using DAN and Afternic, but will eventually self host my most valuable domains with escrow.com payment.

Will still list on Afternic and DAN and on other market places, but only for the exposure. And of course without BIN. Buyers will pay all the fees if the sales happen there. But clever buyers will hopefully find the landers with escrow.com payment.

Too much monopoly going on out there, need to get back some control.

Best wishes,
Fayaz.

Absolutely. Domainers get let themselves get run over. Keep switching to lesser commissions sites when they come up or better yet, self host.
We don't need their commissions.

Hi

where was the name parked and did it have ppc links with a "for sale" banner on the page?


Hi
how did bodis bring the lead?
did you send the offers directly to Dan or did you ask buyer to purchase at Dan?

if you can show that you brought the buyer to Dan to perform the transaction, then your commission should be much lower.

imo...

Yes, it was parked at bodis with a for sale lander which lead to the dan landing page.

I agree that they had jack all to do with the sale but their TOS is clear. Their landing page = 15% + VAT.
Not their landing page = 25% + VAT. It wasn't an imported lead either, technically.

I agree that it doesn't make sense because they had even less to do with the sale than if I had used their lander but they could argue that their direct lander would have led to a higher chance of the sale.

Either way, I doubt they wanna hear it as they're covered by their TOS.

 

[BaileyUK]

Don't forget Sedo are now offering a flat 10% commission (including escrow services) for domains pointing to Sedo nameservers providing the domain is listed at a fixed price only. Wont apply if you opt-in to the Sedo sales network and the sale then originates through those linked services. You can not add or list as 'Make offer'

Again you will have to factor in the VAT on the commission. if applicable. It still seems to be one of the lowest commission rates. The service is not really doing anything apart from hosting a sales page and acting as an escrow. Which is the way all sales sites would love to cheaply earn from your domains. At least Sedo reflect that in their lower 10% commission and of course it is trusted by buyers

 

[Lord Antares]

Unfortunately this move by GoDaddy to impose a 25% "head tax" on transactions initiated outside of its sphere of influence has not been met with the outrage it deserves.

I agree with you completely. Ultimately, it's on the users to conform or resist a change.

If they keep using the site, then that's confirmation for godaddy that they've done well.

By moving away from the platform, you send a message. I shall do so.

Keep in mind, that 25% is 30.25% for me.

 

[ecomslice]

It's Dandaddy now , the reality is all the fake kind words from the domain industry leaders hold no morals as they sell out and shut down anyone to get ahead.

 

[BaileyUK]

I’m starting to have hope in Sedo,

Indeed, they do seem to be trying to fill that cheaper sales vacuum, abandoned by Dan since the Goddaddy takeover. You just have to be aware of the conditions attached. you can still list elsewhere (at the relevant sites commission) but, the nameservers must be Sedo to get the 10% rate through them.

I've never felt confident enough to put any of my domains through an action process ever. I'd hate to see any go for a pittance. Mind you I've always worked with so called Brandables, never the best (meaning a disaster) for auction prices at anytime.

 

[Future Sensors]

For completeness, the VAT on DAN's service fee is only applicable for EU sellers.

https://dan.com/sell_your_domain

---

 

[Future Sensors]

The maximum they can deduct 25% commission only, how come you were deducted 50%? Contact Dan immediately and ask explanation.

It's not 50%.

It's $3,500 * 0.25 * 1.21 VAT = $1,058.75 total fee (=30.25% including VAT)

 

[Future Sensors]

On Dan you collect and remit the VAT, but in case of self hosting you don't pay any VAT? How come?

You can adjust your VAT settings in your DAN account.

It is not 30% commission. The commission is 25% or 15%, depending on your settings.

No, this is about the VAT on DAN's service fee.

 

[Future Sensors]

You need to reach their customer service for more details about the extra 5.25%. Is it related to an error coming from their systems or something else?

Please read this thread. It's the VAT on DAN's service fee. Not an error.

 

[cabotower]

sold 2 .coms recently with a straight 15% commission, no problems. both on dan landers.

 

[Acroplex]

People from outside of the US call the standard 6% commission for Realtors "outrageous." E.g. in the UK a standard commission hovers between 1.25% to 2%. Keep in mind both markets use similar MLS platforms to share data with the public.

Why no outrage when domain brokerage commissions far exceeding the industry average are imposed?

 

[D Haynes]

sold 2 .coms recently with a straight 15% commission, no problems. both on dan landers.

So if you were in the EU you'd pay a total of 18.15%

Seems like they should make the fees 15% inclusive of VAT to be more transparent. Shouting from the rooftops that your FEES ARE 15 AND 25 PERCENT! unless your an EU resident in which case they're 18.15 and 30.25 percent Seems a little unfair to me.

 

[karmaco]

The commission is 25% if not on a lander in GoDaddy’s umbrella and 15% if it was pointing to DAN or another GD lander.

There are several threads here with great debates on this. Welcome Back.

 

[Jv1999]

I understand where the extra 5.25% is coming from now.

Surely, there must be better alternatives out there in 2023. To pay 30% for what was basically just escrow is unacceptable.

I guess self hosting is the way to go now.

I'm with you there, but... your own payment/checkout system is hard to trust. No one is throwing X,xxx at a random site. Dan has the reputation.

The best other alternative is to Escrow.com it, but then again, that's harder because the buyer can't just pay instantly.

 

[Lord Antares]

For anyone saying "it's still 15% for gd landers", keep in mind it's still like 18% for Europeans which is a 100% increase from good old DAN.com

I will look into Daaz; the alternatives I can think of are slim to none.

 

[Future Sensors]

For anyone saying "it's still 15% for gd landers", keep in mind it's still like 18% for Europeans which is a 100% increase from good old DAN.com

To be exact, it used to be 9% * 1.21 = 10.89% in the old model, with VAT* on DAN's service fee included.

In the new model this is 15% * 1.21 = 18.15%.

That's an increase of 67%, which is huge indeed.

*VAT charged on DAN's service fee is only applicable for EU sellers.

 

[Goku]

What nameservers were you using? If its DAN's then it should be 15%

 

[biggie]

I got an offer on DAN for a parked domain name which has a sale lander at the top.

Hi

where was the name parked and did it have ppc links with a "for sale" banner on the page?

Bodis brought the lead here.

Hi
how did bodis bring the lead?
did you send the offers directly to Dan or did you ask buyer to purchase at Dan?

if you can show that you brought the buyer to Dan to perform the transaction, then your commission should be much lower.

imo...

 

[Samer]

Don't forget Sedo are now offering a flat 10% commission (including escrow services) for domains pointing to Sedo nameservers providing the domain is listed at a fixed price only. Wont apply if you opt-in to the Sedo sales network and the sale then originates through those linked services. You can not add 'Make offer'

Again you will have to factor in the VAT on the commission. if applicable. It still seems to be one of the lowest commission rates. The service is not really doing anything apart from hosting a sales page and acting as an escrow. Which is the way all sales sites would love to cheaply earn from your domains. At least Sedo reflect that in their lower 10% commission.

I honestly hope they steal market share from DAN, but DAN is the anti-Sedo; that is to say; DAN looks nice cleaner on the eyes; and uploading is a breeze.

Sedo direct auctions are a flat 15% with starting bid $59. Thank GOD!! Auction prices’ improving.

I’m starting to have hope in Sedo, which you’ve brought to my attention. I’m surprised their auctions only cost 15% commis and no more paying to list auction. Yay! https://sedo.com/us/sell-domains/domain-auction/

Makes sense Sedo’s non-auction is flat 10%. Interesting!

 

[Haroon Basha]

The maximum they can deduct 25% commission only, how come you were deducted 30%? Contact Dan immediately and ask explanation.

 

[Charybdis]

I understand where the extra 5.25% is coming from now.

Surely, there must be better alternatives out there in 2023. To pay 30% for what was basically just escrow is unacceptable.

I guess self hosting is the way to go now.

On Dan you collect and remit the VAT, but in case of self hosting you don't pay any VAT? How come?

You can adjust your VAT settings in your DAN account.

It is not 30% commission. The commission is 25% or 15%, depending on your settings.