How do I handle payment when selling my domain?

[RuneMunk]

What is the normal procedure? I doubt that a buyer will simply transfer money to my paypal account without some kind of guarantee.. please enlighten on this subject - Thanks in advance.

 

[JoeCanadian]

If you want a gurantee you can use Escrow.com or some other company to act as an escrow agent - I think they charge $25/transaction.

An alternative approach is to list your name on a place like Sedo and have the buyer bid on it there. Sedo does not release cash to you until they Buyer gets their domain name. But of course a commission has to be paid.

But a lot of domains get traded with no more guarantee than the other parties good reputation. I buy domains both here and on EBay and always look at Seller's reputation before sending money. So far so good - never had a loss of any signficance over hundreds of different transactions.

 

[SpareDomains]

if you know or trust the buyer paypal can work, if the buyer is someone you don't know or trust use escrow.com or moniker, sedo, afternic escrow service.

 

[WilliamKeller]

I had a lucky first experience
the first domain I ever registered was a few weeks ago
It was techbuzz.info
I paid 99 cents
A few hours later, I had a buyer, I told him $20, he sent $250 to my paypal account
I pushed the domain the next day
so yo answer your question, yep, he just sent payment!

 

[WeBuyThe.Com]

I had a lucky first experience
the first domain I ever registered was a few weeks ago
It was techbuzz.info
I paid 99 cents
A few hours later, I had a buyer, I told him $20, he sent $250 to my paypal account
I pushed the domain the next day
so yo answer your question, yep, he just sent payment!

What did you do with the extra $230?

 

[WilliamKeller]

bought a wii (I said id sell for $20, he said he thought it was worth $250)

 

[daabomb2002]

people will send paypap payments cuz is safe. you need a valid credit card for paypal and to buy a credit card you either get it from your bank,or get a prepaid one which someone can buy and needs to buy it with an atm card. and paypal has protection because when you send money,people say,"i'm sending money for this www.domainname.com",then a person has to accept your payment.
So if you say,i didn't sell the domain name,then why did u accept the payment when it says it's for this domain name.
So people will transfer money using paypal.they are protected.

 

[NameCharger]

A few hours later, I had a buyer

How did you advertise it?

 

[shockie]

people will send paypap payments cuz is safe. you need a valid credit card for paypal... blahblahblah

wrong.

 

[WilliamKeller]

@fitz
I emailed the guy who owned the .com
he was starting a bussiness around the name aperently

 

[NameCharger]

carolynheath - thanks for the response

I've thought about doing the same thing...