question DN Marketplaces with installment payment option

[rokoroko]

Are there any other marketplaces with installment payment plan options other than DAN ?

And What is the fee for them? Dan has a 25 percent fee these days.

Thank you for your answer

 

[DaaZ]

Not all payment plan purchases are completed successfully, some domains are ultimately returned to sellers. So, it is important to check whether the marketplace decucts all 100% of their total commission from the 1st payment (not good), or deducts the % from each successful payment (which is how the things should work).

Cant speak for all - as per as DaaZ is concerned - we charge 8% commission fee only if the lease is paid by the buyer. If a buyer not honour to pay the lease as agreed in the contract , certainly we will cancel the contract and handover the domain name back to the seller.

 

[tonyk2000]

certainly we will cancel the contract and handover the domain name back to the seller.

yeah, this is not a question. The question is: (example). $12K purchase, 12 payments X $1,000, 8% marketplace fee . The buyer stopped paying after the 1st month. He paid $1000 only. The domain is returned. Will the marketplace receive $80 (8% of the one and only $1000 payment) OR will the marketplace deduct $960 (8% of expected $12K amount) in the very beginning, from the 1st payment, in this case sending the seller $40 only?

 

[DaaZ]

yeah, this is not a question. The question is: (example). $12K purchase, 12 payments X $1,000, 8% marketplace fee . The buyer stopped paying after the 1st month. He paid $1000 only. The domain is returned. Will the marketplace receive $80 (8% of the one and only $1000 payment) OR will the marketplace deduct $960 (8% of expected $12K amount) in the very beginning, from the 1st payment, in this case sending the seller $40 only?

We charge success fee / commission only on successful payments on a monthly basis.

--> Buyer paid 1000 USD as first month lease - then we charge 80 USD as our success fee and 920 USD Payout to the seller's bank account
--> Buyer has not honoured to pay the 2nd month lease with in the grace period - we will cancel the contract and refund the domain name to seller.

 

[Peter45]

Up to 12 months - no extra charges to the buyer. If the buyer is looking for beyond 12 months period, they need to pay extra amount - that amount is shared between the seller and DaaZ. Extra fee is used to ... domain renewal ...

Thanks Daaz

a question about domain renewal.
Example
we are in June 2023

Seller sets today (June 2023) the installment period at 12 months i.e. until June 2024,
domain expires in 6 months i.e. December 2023,
in 3 months i.e. September 2023, a buyer subscribes the 12 months-installment.

At expiration date i.e. in December 2023, seller doesn't renew the registration of the domain.


What happens then?
How get the situation settled, so to speak?

 

[DaaZ]

Thanks Daaz

a question about domain renewal.
Example
we are in June 2023

Seller sets today (June 2023) the installment period at 12 months i.e. until June 2024,
domain expires in 6 months i.e. December 2023,
in 3 months i.e. September 2023, a buyer subscribes the 12 months-installment.

At expiration date i.e. in December 2023, seller doesn't renew the registration of the domain.


What happens then?
How get the situation settled, so to speak?

Once the first instalment is received , we take the domain name in our control.
If its standard renewal price like 10 to 20 USD, we will take care of the same automatically. Seller no need to worry about this part.

If its premium renewal price e.g:1000 USD or 500 USD per year , we will make the seller notified at the first installment time itself , we will deduct such fees from one of the future payouts ( alignging to renewal date).

 

[Peter45]

Makes sense.
Thanks @DaaZ !