Escrow service

[johnn]

I sold a couple of names via Escrow service (not Escrow.com).

The money has been transferred to my Paypal account. However, the buyer is a crook and used stolen credit card(s) to pay for the names. The escrow service company notified me and asked me to refund the money for them and they will try to work with the registrars to get the names back into my account.

My question would be why do I pay for the escrow service and suffered because the fraud? Should the escrow company be liable for the fraud because they did not do a good job on checking the buyer?

What's your thought? I think I'm going to hold the money and not refund to them until the names are in my account and the escrow company has 30 days to do so or they have to hold the ball.

Thanks,
John

 

[Genialnames]

O.K. now it is more clear...

Afternic or any whatever other escrow service....the service consist (or at least it should consist) that they receive the "things" from both the parts and they verify that everything it is fine, for that job they ask a fee, they are not involved in no way with the nature of the goods,they act like a third party, a guarantee....
If they have paid you with their money ....I think they have mada a big mistake, in my opinion that's why they don't ask you the money back, and now they, regularly,own the domains themselves (being the original "buyer" a fraud").

He he he I think you played some magic...in other words you just have .....sold domain names to a registrar.....

 

[jaydub]

??? wait a moment.....my be I have not well understand so....
do you mean that to have back your domains you have to...... pay for them again?

As far as both parties are concerned...the deal is over....Johnn keeps his money & Afternic has to get the names back & then they can do whatever they want with them.
This is how it should be when you make the claims/guarantees they & most other Escrow companies make.
Very good news Johnn...Again, the result as it should be....
And kudos to Afternic for eventually doing the right thing..

Jim

 

[Joey]

Man, CC fraud is such a pain...

 

[Genialnames]

ya man, frauds in general is such a pain, also a shame! Parasites business IMHO, parasites!

 

[domainSPOTLIGHT]

I would take the money out of my paypal account asap.

 

[Genialnames]

to consider

 

[johnn]

The money came from Afternic account so it's legit. I don't need to worry.

The same guy who used stolen credit card bought 35-40 names so the total may be up to $40,000. (Afternic has a limit $1,000 on credit card purchase).

 

[AdoptableDomains]

Actually, It sounds to me like the credit card company should be involved as well. After all, they approved the credit card authorization. Particularly if they approved multiple transactions of that size all in a short period. Most CC companies have checks & balances to watch for odd activities. I occassionally get calls myself when something I've purchased looks out of the ordinary on my credit card accounts.

 

[johnn]

It will be a painful process because everyone will be involved. Afternic, CC company, Card holder, Registrar and ICANN.

The registrar, is Enom in this case but it will apply to all registrars, will not listen to any one. They will free the account and the name until Afternic get resolved with ICANN.
The whole process may take a while. Until Enom heard anything from the authorities (ICANN and other enforcement authorities) they will put the name on hold for good as they will not involve in litigation or make any judgement to see who is right or wrong.