Domain transfer procedure

[hifromtom]

I was wondering how exactly the domain and moeny transfer worked if you bought/sold your domain through namepros.com. How do you make sure that the buyer actually gets the domain (and who does the trasfer) and seller gets paid, and the two processes happen at the same time. In short: what do you do when someone writes you that they want to buy your domain?? Thanks

 

[mosilager]

Well in the case of NP's, there is no "middle man", therefore a lot of emphasis is done on "iTrader" ratings, if the buyer/ seller has a good rep and has historically been a good member, then you're probably safe to assume that you can deal with them...but there is no such thing as a safe bet!.

If you're really worried about it, just use escrow.com, I'm sure the buyer/seller won't have a problem as long as all the details are worked out before hand.

 

[MrsBiscuit]

I would say that you need to consider how much money is involved before involving escrow. It can be a lengthy process and it costs money.

If you're buying something that only costs a few bucks, have a look at the seller, how long they've been around, and if they've got positive reviews. These people aren't going to risk their good reputations by trying to cheat someone out of a few dollars. Even as a newbie I felt quite comfortable with the trust system.

That said, there are no real guarantees when you're dealing with someone you don't know, but I've not been disappointed yet.

 

[FanCube]

As long as you trade with long time posters you should be good. Using Escrow services for sales below $x.xxx will often be an overkill and expensive.

The domain transfer process has improved a LOT in the last years. From faxing in a request of transfer and then waiting for a week before the transfer actually went through - to instant transfers within the same registrar.