Escrow or PayPal

[infoconsultants]

Hi Members

I have received an offer for one of my domain name for $5000. This will be my first domain name deal. Should I use Escrow or Paypal for the deal. Which would give me a better control over the deal(I mean buyer going back on deal or filing wrong dispute)
If you can provide the benefits and drawback for each i would be greatful.

Thanks in anticipation

 

[copper]

First, I hope it's not one of those appraisal scam.

Paypal - NO.
Escrow - small maybe.
EscrowDNS.com - Yes
Moniker Escrow - Yes
Sedo Escrow - Yes.

 

[firefly]

Escrow services like escrow.com and sedo escrow protect both you and the buyer for a small fee usually like a percentage of the sale price.

Just going through paypal, unless you know the buyer could be risky for both parties.

 

[DN BROKER]

escrow.com has been unfair in several deals - bad reviews have been issued against them from several Domainers.

 

[infoconsultants]

How about using ebay?

 

[Mark]

Ebay isn't an escrow service and uses Paypal ...

 

[bmugford]

First of all for a deal that size use an Escrow service. Whether it is Escrow.com, SEDO, Moniker, or another one. It is not worth the risk of using Paypal on a deal that size.

Second, as mentioned above I would be careful this isn't the appraisal scam, especially if this is a new reg.

Brad

 

[infoconsultants]

Thanks..I appreciate all you senior members for hand holding me on the issue

 

[newvista]

If this is a new reg then it's 99% an appraisal scam, if you care to post the name here then we can evaluate it for you.

 

[ssamriga]

if the buyer is real then use Sedo, very fast and safe.

 

[mosilager]

I've personally used both escrow.com and sedo.com for both buying and selling domains for large amounts ($5K+), and they've both been great.

I would stay away from Paypal and Ebay for sure!.

 

[johname]

if you use ebay and the deal goes bad all you can do is give a neg feedback lol

 

[pikun]

no paypal! save your self!

 

[sirengirl]

For any amount over $100 I'd go with Sedo or Escrow, both have worked for me. Yes, it does take awhile (5 days-3 weeks depending on where buyer and seller reside and how quick the buyer pays) For smaller amounts (less than $100) even then you have to be careful.

Best of luck!

 

[mystyleizkix]

Damn paypal

 

[EGS]

Use Escrow.com or Sedo's Escrow system for this sale; I'd recommend escrow.com.

 

[cobainer]

Hi Members

I have received an offer for one of my domain name for $5000. This will be my first domain name deal. Should I use Escrow or Paypal for the deal. Which would give me a better control over the deal(I mean buyer going back on deal or filing wrong dispute)
If you can provide the benefits and drawback for each i would be greatful.

Thanks in anticipation

Are you sure this is a genuine offer?? It wouldn't hurt you to do a little bit of research pre-hand before committing anything at all.... :imho:

 

[lozmatic]

I'm going through escrow.com's process at the moment (as a seller) and find it slow. I've been at the 'Buyer paid by credit card, awaiting Escrow.com approval.' stage for 3 days now. I guess they don't work during the weekend.

 

[wussadotcom]

Use escrowdns.com. Better than escrow. Of course Paypal is nothing to compare when it comes to security. Especially for big transaction. They tend to comply with scanmmers. :p Lol...

 

[infoconsultants]

Thanks All..I finally decided to use Sedo..The transaction is in process..Thanks for all your inputs..

Mods can sticky it for a while ..will surely help newbies..

Thanks again