NamesCon2020

I need help

Labeled as advice in Domain Buying and Selling Discussion started by Bonsu, Nov 12, 2019.

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  1. Bonsu

    Bonsu Top Member VIP

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    So I bought a domain last year November during m//i//m//a//s//t//u//d//i//o. King

    Listed it for sale in top marketplace with dan.com as it's main lander. I realised after a while the domain starts getting views and clicks for the Netherlands.

    July this year I got an offer $2500(initial offer) for the domain from a guy in Netherlands (dan.com says he company's name is an exact match to my domain). Truth be told I didn't know the value of that name infact I've tried outbound to sell for $145 with no response. I accepted the $2500 and buyer disappeared (I didn't counter). Details dropped by buyer were not correct so I could not follow up.

    AUGUST
    I get another offer from product development/marketing manager of a company from Netherlands with a company name + emd combo of my domain (i.e ossur + emd). I countered with $3500 and they replied immediately that $1500 is the best they could do for a product they were about to lunch and my domain is an EMD of the product with transaction to be completed immediately if I accepted. I needed the cash flow and this would have been my first $xxxx sale so I accepted. Unfortunately, network was bad as my accepted offer wasn't showing on my Dan.com offer page so I tried clicking three more times with no result only for the buyer to send a message again that he is not comfortable with the transaction as it appears a bit keeps sending the same message over and over again (apparently my accepted offer was been submitted over and over again without it reflecting on the page) and he said he can't continue with the transaction except if Dan's support guarantees the transaction of which they had closed by that time (8pm GMT+1). He said it's either I proceed with escrow or GoDaddy to complete the transaction. I didn't feel it was right since the whole process started with Dan but buyer walked away.

    SEPTEMBER
    Another offer from a company from Netherlands this time around the co-founder/CFO of the company (assets management company) tries to buy the domain for $2500 on Dan but had payment issue so he sent a message that he would pay $2500 and I should let him know if his offer has been accepted as he can't seem to pay as Dan keeps declining his card. He said if he can't proceed he would simply get the cctld .nl for the said domain. I noticed the .nl was available so I bought it. Buyer went quiet again.

    I got pissed off and changed the nameservers to sedo with a bin of $5000 and three days later it sold. I was damn happy and was feeling proud of my self. Sedo sent a mail that buyer paid via wire transfer and when the money hits their account after 5 business day they would let know so we can proceed. I waited, waited, waited, :punch: waited....... No response, so I contacted sedo and they said they sent a message to the buyer and buyer reconfirmed it was done via wire transfer. After a month of waiting I cancelled transaction as buyer didn't respond to them again. Details was provided and it was another buyer from Netherlands- a different company.

    NOVEMBER
    After the sedo sale disappointment (lucky I didn't go on a buying spree thinking $4500 payout was going to hit my account except an expired name which I won on sedo and didn't pay for it since my name was not paid for $69)

    I changed the nameserver to Dan again and last Friday I got another offer from a start up from Netherlands with an offer of $1500 and the best they could do is $2500 however as previous buyers they were not comfortable with Dan's payment and requested escrow.com or godaddy and if I do not agree they would buy the .nl. I provided my escrow account email and accepted their offer but no response.

    The name was expiring this month so I moved the name to namesilo and listed it for sale using namesilo lander. Kindly note, this last buyer came immediately I renewed the domain so I guess he was expecting it to drop.

    I don't know what to do anymore. Your advise could help. I could not contact these previous buyers even if I could get their details via Facebook and LinkedIn but my Nigerian origin might scare them.

    What should I do?
     
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  2. Soofi

    Soofi Top Member PRO VIP ★★★★★★★★★★

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    Avoid DAN.com to start with, for gods sake!! #paymentissues

    Use Epik’s brokerage and let @Rob Monster handle this for you. He will bring this Netherlands buyer and all his money to your door front in no time, with his expertise.

    best wishes for a successful one!
     
    Last edited: Nov 12, 2019
  3. NameDeck

    NameDeck Design. Develop. Deploy. VIP

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    Very strange. I looked into the Dutch buyers for you before so am sad to you hear your are still getting offers that don't work out. Some things that don't add up imo.

    - For a Dutch company there would be no payment issues on DAN. They have stellar Dutch support, being a Dutch company.
    - Any Dutch company making an offer would definitely secure the .nl before looking into the .com. Another red flag.
    - Dutch people requesting escrow or GoDaddy? Very unlikely.

    Anyway good luck and hope you'll be able to sell it eventually!
     
  4. Rob Monster

    Rob Monster CEO, Epik Epik.com Staff PRO Gold Account VIP

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    Happy to help with getting folks over the line.

    As some folks know, we are reasonably good at hand-holding. The buyer's money goes into the buyer's account and the seller's domain goes into the seller's registrar account and then a simultaneous close.

    For folks who are naturally fearful, this arrangement seems to give them a comfort level because it does eliminate most of the counter-party risk. Escrow service is here if you need it.

    Good luck either way and congrats on your pending 4-figure sale. Keep shooting the moon!
     
  5. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    You are dead on, I think they are based out of Amsterdam Netherlands, they would not have any payment issues being within the same Country, or nothing that couldn't be sorted out with a phone call. Very strange sort of events, that everyone from the same Country wants this domain for pretty much the same range, and they keep using the .nl threat against you.
     
  6. Lox

    Lox ----- Gold Account VIP

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    If the buyer is from the Netherlands , they will go for iDeal payment option provided by Adyen / Dan. Most likely you're the victim of a very well organized group/s behind the VPN chain trying to disrupt a wide range of aftermarket places (sedo, afternic, gd, etc.). Seem the main goal is to spread sort of unsuitability and bring prices down, letting you no choice but to sell for a low or drop. Don't know who is behind it (Tele-marketers? ) but it started in Q2 2018 and escalating. (I'm getting the same behaviors on my dedicated/own landing pages)

    Regards
     
    Last edited: Nov 13, 2019
  7. Bonsu

    Bonsu Top Member VIP

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    Very strange indeed and the names of these buyers are real. When I make research on them it always match the company
     
  8. MrAcidic

    MrAcidic Upgraded Member Gold Account VIP

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    that takes 2min on LinkedIn - anyone can say they are anyone
     
  9. xynames

    xynames XYNames.com PRO VIP

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    Always good to read a “Congratulations on your pending offer glad to help you at my company” copy/paste that makes it clear that OP’s post wasn’t even read.
     
  10. Bonsu

    Bonsu Top Member VIP

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    This is kinda different. For example the CFO/co-founder of Anders used a different company email which also matches his LinkedIn profile and other links to companies where he is among the board of directors. He's details also matches on Facebook.
     
  11. Soofi

    Soofi Top Member PRO VIP ★★★★★★★★★★

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    There could be, “enduser or offer-making party headquartered out of some-other country/location, other than Netherlands” scenario at play here as well, and/or Indeed there are some payment processing issues with Dan (not bringing this up on purpose, but that’s what it seems like from current scenario).

    Whatever it is, the similar situation arose from OP trying Sedo as well, so there’s definitely something more than what meets the eye/ear here..
     
  12. Soofi

    Soofi Top Member PRO VIP ★★★★★★★★★★

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    you definitely need someone (platform broker maybe) to close this one for you in a subtle and smooth manner, so that you don’t lose a well deserved sale due to these petty issues SMH
     
  13. Abdullah Abdullah

    Abdullah Abdullah Top Member Epik.com Staff VIP

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    Normally, what I would have done in such case was to contact the platform support and alert them to the issue, specially when they buyer is seemingly from the same country as the country of the platform you are using.
     
  14. Bonsu

    Bonsu Top Member VIP

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    I did that and Reza said one of the buyer did not complete the process of payment before saying they are having issues. But they did not try contacting the buyers
     
  15. Windoms

    Windoms Established Member

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    Just to be clear.
    The CFO/co founder of Anders contacted you using his formal company email?
    ''used a different company email'', different from what?
     
  16. Bob Hawkes

    Bob Hawkes formerly MetBob NameTalent Gold Account VIP Trusted Blogger

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    I have, unfortunately, nothing to contribute of assistance, @Bonsu. I have really appreciated your contributions to NamePros and I hope that one way or another this works out for you and the sale closes somewhere.

    We all know that those who make offers but disappear without paying is on the rise at several platforms, and I have read on NamePros about payment issues at some venues, and I do not know personally how widespread those are. As others have said it seems unusual that a company from The Netherlands would have issues with payment through DAN's provider.

    So I don't know whether this has just been a series of unlikely events happening multiple times for the same domain name, or whether there is, for some purpose, a coordinated effort to undermine the domain name.

    Bob
     
  17. Jurgen Wolf

    Jurgen Wolf Top Member VIP ★★★★★★★★★★

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    I had 4F sales to Dutch buyers using Sedo marketplace/escrow without any issues.
     
    Last edited: Nov 13, 2019
  18. Bonsu

    Bonsu Top Member VIP

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    He is a director in the other company
     
  19. tonyk2000

    tonyk2000 Top Member VIP ★★★★★★★★★★

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    I'd simply set a reasonable BIN with instant transfer on Namesilo or GoDaddy premium listing or Afternic, make sure that the domain landing page is configured accordingly (the visitor should have an opportunity to add it to cart and proceed with the purchase immediately). Thats all. No need to waste time trying to find out who inquried and why, could they pay or not and why. I'd also send any potential buyer to this page (to eliminate unnecessary communications and negotiations). If they proceed with the purchase - it would be theirs. If not - then it would not be theirs. No space for games. Of course if there is a legal issue or something similar (I could not figure out what exactly the domain is) - then it would be another story.
     
    Last edited: Nov 13, 2019
  20. Furquah

    Furquah Skipper Epik.com Staff VIP

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    As someone suggested you should really consider using @Epik.com, the buyer maybe fake but look like 2nd and 3rd really wanted the name but gone because of Dan.

    You should better use Epik or Efty then let the deal sealed. I recommend you epik as it can handle the payment and buyer can pay via many methods including crypto currency.
     
  21. Windoms

    Windoms Established Member

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    You didn't answer.
    After buyer's details were released to you.
    Was it [email protected].
    Or [email protected]?

    You should read this.
    https://www.namepros.com/threads/so...ld-time-11-month-purchase-price-1260.1067230/
     
  22. Jurgen Wolf

    Jurgen Wolf Top Member VIP ★★★★★★★★★★

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    This year I had the same case with Brazilian buyer at Dan lander, he offered $2,200 - I accepted without negotiations, then he disappeared (not paid) and that's all.
    And I know 100% that such Brazilian EMD company exists.
     
    Last edited: Nov 13, 2019
  23. Jurgen Wolf

    Jurgen Wolf Top Member VIP ★★★★★★★★★★

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    I could recommend @Sedo but they will show your country...
    So transfer to Epik, set BIN and park on their platform.
     
  24. Soofi

    Soofi Top Member PRO VIP ★★★★★★★★★★

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    SPOT ON! :)
     
  25. wwwweb

    wwwweb Top Member VIP ★★★★★★★★★★

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    What payment processor does Efty use, Escrow.com?
     

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