Do you charge fees?

[NameOffice.]

I was recently charged a 5% transaction fee because I chose to pay the seller using PayPal. Not only does this break PayPal policy but I believe it is very bad business. I ended up canceling the purchase, due to the arrogance of the seller. I didn't need the name so bad anyway, more of a luxury purchase, so it was his loss.

If you've landed a sell, negotiated and accepted an offer, with a domain name, then odds are that you are making well enough to cover any transaction fees that you are charged by PayPal or other checkout systems. Why bamboozle your customer for a few more dollars when they have so generously opted to do business with you?

I understand that if you need to work with Escrow or some other mid party to ensure a safe transaction that maybe the fees should be split (I have never needed or used an escrow service once for the transaction of a domain) but in a case where you sell domains directly from you site, do you charge a transaction fee? And why?

As for me, I do not and never will charge any additional fees. What I usually get for any given domain covers the fee with no problem and I would not want to further burden my customer with ridiculous fees that I am charged as a business. I believe it is an expense that my customers have no need to ever see.

 

[RevolutionaryDomains]

.


It seems petty and ridiculous on the part of the seller, especially for such a nominal fee. I am always happy when a customer wants to use Paypal. As you stated it is his loss.

 

[alien51]

Because domain names are priced arbitrarily (meaning, you can price it with whatever number that comes out of your mind), i usually price it comfortably enough for me to shoulder whatever fees i need to pay, whether bank fees or escrow fees.

That means, whatever is the price of the domain i give you, that's the only thing you have to pay.

It's purely psychological. So i think sellers who ask for additional charges are most likely not savvy business people. Which is not really surprising, since domaining is like a cottage industry that anyone can do.

 

[biggie]

I was recently charged a 5% transaction fee because I chose to pay the seller using PayPal. Not only does this break PayPal policy but I believe it is very bad business. I ended up canceling the purchase, due to the arrogance of the seller. I didn't need the name so bad anyway, more of a luxury purchase, so it was his loss.

If you've landed a sell, negotiated and accepted an offer, with a domain name, then odds are that you are making well enough to cover any transaction fees that you are charged by PayPal or other checkout systems. Why bamboozle your customer for a few more dollars when they have so generously opted to do business with you?

I understand that if you need to work with Escrow or some other mid party to ensure a safe transaction that maybe the fees should be split (I have never needed or used an escrow service once for the transaction of a domain) but in a case where you sell domains directly from you site, do you charge a transaction fee? And why?

As for me, I do not and never will charge any additional fees. What I usually get for any given domain covers the fee with no problem and I would not want to further burden my customer with ridiculous fees that I am charged as a business. I believe it is an expense that my customers have no need to ever see.

:talk:


I've always asked for buyers to add 5% if they cannot pay via Masspay when using paypal and NONE have ever cancelled the purchase.

if I'm selling for $300 or 3k, I want that amount, not 5% less.


some sellers will split fee's in escrow, but depending on buyers "offer" I typically ask buyer to pay the fee as well.


if the seller indicated that buyers pay the fee, prior to you agreeing to buy...then you reneged on a deal


if they asked after agreement, then that's a different story.

however, getting the net amount for the sale of a domain, is a reasonable business practice

also have to add, that on the flip side, I have paid fee's as well, and have no problem with a buyer asking.


imo....

 

[domainbartender]

I don't ever ask for fees. It's bad business practice IMO and not allowed on this forum if I remember correctly.

 

[joshny]

The best method is to price your domain according to the method of payment, just add in a line or two saying that if we use escrow, we'll split, and quote your domain price after including the paypal fees

 

[forge]

I have never needed or used an escrow service once for the transaction of a domain

You never used escrow to transact $5k - $10k sales? To me that's a bit foolhardy. You're apt to get burned someday, IMO.

 

[NameOffice.]

if the seller indicated that buyers pay the fee, prior to you agreeing to buy...then you reneged on a deal

if they asked after agreement, then that's a different story.
imo....

if I'm selling for $300 or 3k, I want that amount, not 5% less.

I was actually a little confused when i saw your 5% fee after we agreed upon a price. I've actually never seen this before. I reneged after I learned that what you were doing was against PayPal policy as well.

And about you wanting your exact 3k, what about the customer? Your customer is who you should have in mind first. If you agreed to 3k don't you think your customer doesn't want to pay 5% more?

You never used escrow to transact $5k - $10k sales? To me that's a bit foolhardy. You're apt to get burned someday, IMO.

When you have an established domain business that is trusted there is never a need to pay the crazy fees that escrow asks for.

 

[Keral_Patel]

All marketplace sections have a rule that no paypal fees should be charged.

We try and clean up all the threads and send PMs to the sellers who try to charge paypal fees. But if you come across any such threads then please do report it and the action will be taken.

Thanks.

 

[equity78]

Right you are breaking Paypal TOS if you do that, so this I always do that or its reneging is off. I would never do business with someone that said that. I would not take it as far as others I have known who have called Paypal and gave the seller's info and got their account frozen for violating the terms of service.

Either you are running a business and understand that there are fees associated or you are just winging it. Like Alien51 said, just raise the price, if you know you need to net $3,000 negotiate at $3,100. Because from a psychological standpoint a lot of buyers see red when a seller pulls that nonsense after agreeing to the price for the domain.

 

[Ralph2472]

In reply to biggie:-

I also don't think that PayPal fees should be charged by the seller. It's a normal business overhead. You don't charge for lighting, heating, and perhaps a cup of coffee while you're working. (Or perhaps you do)
Not only that: you are making a profit when charging 5% for PayPal. Their maximum charge is 3.4% and can be as low as 1.4% for merchants.

Regards

Ralph.

 

[SpareDomains]

See a lot of people do this. Personally I think your prices during negotiation should include any payment or broker fees instead of tacking it on later as on high value deals can add quite a bit. Think negotiation prices should include all fees and be an out the door price.

Had a godaddy broker negotiate with me a price on a domain for one of their other customers and after I agreed to the price they tried to tack their broker fee off of my end. Told the broker they made you the middleman and brought you into negotiations so they can pay your end and they paid it.

 

[biggie]

In reply to biggie:-

I also don't think that PayPal fees should be charged by the seller. It's a normal business overhead. You don't charge for lighting, heating, and perhaps a cup of coffee while you're working. (Or perhaps you do)
Not only that: you are making a profit when charging 5% for PayPal. Their maximum charge is 3.4% and can be as low as 1.4% for merchants.

Regards

Ralph.

:talk:

we are not buying lighting, heating or coffee, but all of those purchases incur taxes, some like "electricity and gas" carry delivery fee's. so you pay the cost of the product/service + additional amount to acquire or use it.

IF....you don't want to pay the 5% then send me my money via MassPay.

I already make a profit when I agree to sell and since some buyers live overseas, paypal may charge up to 7% for that transaction.

if Sedo/ namedrive /DS /IT/ etc.and all the other ppc services didn't send your payments MassPay, then you'd all be crying because you'd be shorted 5% each month.

didn't think about that, did ya?

now as an alternative, if you don't want to pay the fee, then try to negotiate down 5%, to even it out.

like I said initially, no buyer has ever backed out a deal with me or anyone else I know of, who asks the buyer to pay fee when they don't send via MassPay.

it's a silly argument, when you consider how many of you pay subscription fee's to use the bot, expired lists or other tools searching for domains.

but don't want to pay a fee, for domain that could set your ass free.

go ahead, back out of the deal, cuz I don't have to sell to sustain.




imo...

 

[Ralph2472]

:talk:

we are not buying lighting, heating or coffee, but all of those purchases incur taxes, some like "electricity and gas" carry delivery fee's. so you pay the cost of the product/service + additional amount to acquire or use it.

IF....you don't want to pay the 5% then send me my money via MassPay.

I already make a profit when I agree to sell and since some buyers live overseas, paypal may charge up to 7% for that transaction.

if Sedo/ namedrive /DS /IT/ etc.and all the other ppc services didn't send your payments MassPay, then you'd all be crying because you'd be shorted 5% each month.

didn't think about that, did ya?

now as an alternative, if you don't want to pay the fee, then try to negotiate down 5%, to even it out.

like I said initially, no buyer has ever backed out a deal with me or anyone else I know of, who asks the buyer to pay fee when they don't send via MassPay.

it's a silly argument, when you consider how many of you pay subscription fee's to use the bot, expired lists or other tools searching for domains.

but don't want to pay a fee, for domain that could set your ass free.

go ahead, back out of the deal, cuz I don't have to sell to sustain.




imo...

You make it sound as though you are dealing with me on a domain name purchase. You are not.

Regards

Ralph.

 

[biggie]

You make it sound as though you are dealing with me on a domain name purchase. You are not.

Regards

Ralph.

:talk:

lol