Dominion.Domains

Domain sold at both afternic and sedo.

Labeled as advice in Domain Name Sales started by medomain, May 14, 2018.

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  1. medomain

    medomain Upgraded Member Gold Account

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    What do I do in this case? A domain is sold on auction at Sedo and BIN at Afternic. The afternic sale is two times more than sedo. Any suggestion what to do now?
     
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  2. IMEZI

    IMEZI Active Member VIP

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    if you were willing to loose your sedo account then go for afternic
     
  3. Rory Ivey

    Rory Ivey Upgraded Member Blue Account VIP

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    Maybe someone who lost the auction at Sedo, wanted the name badly and grabbed the bin right after the auction. (Maybe they overslept or something at the time the auction was closing lol)

    Option 1: If you make alot of sales on sedo then take the sedo price. Otherwise your account may be suspended or something...maybe. With afternic you can tell them immediately that the domain already sold and they will notify buyer without any issue.

    But as someone said above: It may be choosing between losing your sedo account and getting a bigger sale. maybe try contacting sedo first and see what they will do if you can't honor the sale.

    My choice: I would honor the sale from where ever the sale completed first. Maybe sedo..because the auction started before your name sold on afternic. Otherwise you would not have started the auction. And you would have got into an agreement with sedo already. Integrity matters.
     
  4. Keith

    Keith Top Member VIP ★★★★★★★★★★

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    Where is it registered? If it’s at GoDaddy you might be forced to use afternic because they can pull the name from your account.
     
  5. karmaco

    karmaco Active Member VIP

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    My suggestion is to only have a buy it now in one place if at all.
     
  6. singhhooda

    singhhooda Established Member

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    @karmaco : I think his BIN was set only at one place.

    Solution : If we want to list the domain in auction at marketplace B for which we had set BIN in the past at marketplace A, then first convert BIN to make an offer at marketplace A and then start auction at marketplace B.
     
  7. elmoney

    elmoney Active Member VIP

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    Rather, it's the same buyer, accept Sedo and inform Afternic about the situation. If the buyer paid at Sedo, he will not pay via Afternic
     
  8. golan

    golan Leo.Domains Gold Account VIP

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    Once one my domain was sold on Sedo, few months after it expired. That was many years ago, when i only occasionally did a domaining and barely had any idea. I showed Sedo that the domain had expired, apologized, and went from that without any sanctions. Felt sorry for the buyer's nerves and time.
     
  9. medomain

    medomain Upgraded Member Gold Account

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    @IMEZI I am certainly not willing loss my Sedo account. How about losing my Afternic account? I am really torn.
    Yes, the domain is registered at Goddady.
     
  10. DomainRecap

    DomainRecap Established Member

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    Take the BIN at Afternic and use the extra $$$ to pay the Sedo commission that you will owe for backing out. Sedo just wants their fee, and if you pay that, you can keep your account.

    This all assumes the Afternic offer is legit.
     
  11. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    you won't lose your account just pay the fees
     
  12. kam

    kam Established Member ★★★★★★★★★★

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    Where is the buyer came from ? Is the buyer from China ?:facepalm:
     
  13. Haykay2005

    Haykay2005 Active Member VIP

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    Has anyone done this and escape?
     
  14. creataweb

    creataweb Top Member VIP ★★★★★★★★★★

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    This is why you only use BIN at one place. As a buyer I always have to worry about these scenarios.
     
  15. medomain

    medomain Upgraded Member Gold Account

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    From USA
     
  16. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    ;)

    there is no escape needed
    all they want is their fees
     
  17. medomain

    medomain Upgraded Member Gold Account

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    How does one pay the fees? call them to calculate the fees and how does it work?
     
    Last edited: May 14, 2018
  18. DomainRecap

    DomainRecap Established Member

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    When the domain at Sedo is sold, the bill is automatically added to your account - look in the sales section of that domain and you will see a pending commission bill that is assumed to be paid from the net proceeds, but if you have already sold it through Afternic, then you can pay it anytime.

    But first, tell them the domain is already sold, and apologize, so they can cancel the sale and ask you for the commission.
     
    Last edited: May 14, 2018
  19. creataweb

    creataweb Top Member VIP ★★★★★★★★★★

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    Is this the same buyer on both places? If not, I'd be p!ssed that I wasn't getting the name I paid for.
     
  20. adrey

    adrey Established Member

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    If you put it on action at sedo you have to cancel all other listings. It will make you a problem if you will not sell it to the winner.
     
  21. dr manos

    dr manos Upgraded Member Gold Account

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    At sedo if a game is sold you have a legal agreement with buyer.
    If you do not give the name, buyer can take legal actions against seller as the cases someone buys a domain and does not pay and seller can take legal actions (Even if i think none does - just reminding sedo TOS)
     
  22. Satyajit Adhikary

    Satyajit Adhikary Established Member

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    Can't tell much about sedo auction but similar case happened with me.

    My domain was listed as BIN. It sold through Afternic. I forgot to remove it from Sedo.

    After 2 months, it got sold in SEDO. I was asked to transfer the domain.

    Then I had to apologize for my mistake and promised to take care from next time. Sedo didn't ban me.
    I have 1000+ domains with them.
     
  23. namerav

    namerav Market Restricted

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    @medomain IMO this is the way to go you"ll save both accounts.
     
    Last edited: May 15, 2018
  24. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    they will let you know
     
  25. frank-germany

    frank-germany F1lter.com xpired domain search engine Gold Account VIP

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    stay calm
    nobody is going to go to a foreign court for a few dollars
     

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