Located in Escrow Service Reviews started by Rob Monster, Jan 18, 2019.
@Rob Monster would you pls clarify this?
As for protection against mis-use of a leased domain, each lease is governed by the terms of service for any domain and also be the overall terms of service of Epik which are accepted at checkout.
In terms of protecting the lessor, here are the main things:
- Protection against spam, phishing or other nefarious use.
- Protection against hypothecating, e.g. borrowing funds against a non-owned asset.
- Protection against unauthorized trademarks
For the full detail, you can check here:
Click on the "Details" button.
That is our default agreement. Any lease can also include custom terms, e.g. if you are going to allow the lessee to register a trademark whereby the trademark reverts to the domain holder in the event of termination. It turns out that this is actually quite commonly added as a custom term. It is almost always a win-win.
I think the default language is pretty air-tight, but not overwhelming. Any feedback for improvement is of course welcome!
Thanks for your reply.
Where can I apply for it at Epik?
You can start leasing your domains by following this:
To start a lease a domain does need to be on Epik.
And here is the how-to for parking domains on Epik:
I believe the power comes from combining these 2 -- SSL parking with instant purchase, or instant lease. People wake up to find money in their accounts and then get monthly recurring revenue, and then finally, quite often an exit when the lease converts to a sale.
Rob that was a great article that you wrote with a lot of good insights for being productive.
On the surface I might look like I am the laziest person in World since I do most of my thinking and come up with new ideas while I am sleep or taking a nap during the day
By the way what kind of diet do you follow and what kind of foods or supplements do you think contribute more to better physical and mental productivity. I was just wondering since your wife is a physician perhaps you might know of a few secrets that can help make our minds sharper so that we can come up with better ideas for domains to hand register. I guess maybe you can open a new thread for the subject of Diet and Exercise for Domainers.
As for supplements, here is pretty much all I take:
That is my wife's online store but their clinic is this one:
The product called "Brilliant Brain" is a proprietary formulation and it does work. It is especially good for folks with Alzheimers risk.
Otherwise, I do think faith is extremely important. In fact, I humbly give all credit for anything I accomplish to God in Jesus' name.
As for diet, I drink a fair amount of coffee throughout the day but nothing stronger than that. Regardless I do sleep like a baby -- at least 6 hours per night.
The main things:
- Organic foods, e.g. avoiding HFCS, aspartame, etc.
- Avoid drinking primarily fluoridated water - I usually distill at home
- Avoid vaccines or take a minimalist approach
- Avoid elective radiation but get plenty of sunlight
- Avoid sunscreens that have benzones
- Avoid alcohol, or only consume in moderation, e.g. red wine with low sulfites
I used to fast now and then but it did not do much for me. For a lot of folks, intermittent fasting is good, e.g. no food from say 8 pm until 8 am.
Rob can you go a little more into detail as to the kind of foods you eat, is your diet more plant based or meat based, and what kind of vegetables, grains, fruits, and liquids do you eat on regular basis. Do you eat out or do you cook your own food. Is your diet light or heavy on salt, sugars, and fat. I am interested to know how much does your diet contribute to you being so sharp and productive.
Try fasting on Mondays and Thursdays and you shall see huge difference.
I am no health nut, so don't look to my diet for any productivity boost since I eat way too much sugar. I do like milk and do drink raw milk which we get through a coop of neighbors which contracted direct with a local dairy. I am a fan of that but it is hard to find these days as most raw milk dairies in the US have been shut down these days.
I do eat a lot of vegetables. During the summer we grow a ridiculous amount of blueberries -- about 60 bushes of organic blueberries on our own land bordering on a natural water source sp we never have to water them with city water. During the summer, my go-to breakfast:
- Cottage cheese
- Lots of Blueberries
- Pomegranate seeds
- Greek yogurt (here in Seattle we have Ellenos. Awesome)
- Lots of cinnamon -- good anti-inflammatory
- Raw honey - good natural antibiotic
- Pumpkin seeds, crushed walnuts and/or almond slices
I think I could live on that.
During the off-season, I am a fan of the Daily Harvest smoothies which come frozen and you blend, e.g. with almond milk or what not. For folks who want a fast meal without having to cook, I would say not a bad lunch option.
As for exercise, I walk 2 dogs often, and am often working our land in the summer. In the off-season, I have a walking desk. My friend, and fellow domain industry founder, Ron Wiener, who founded Snapnames sells them here:
There are few more ideas for you as you contemplate your next big escrow transaction!
You are blessed to have your own farm that you can grow blueberries, I have heard that they are one of the Super Foods. (now we know what it is that makes you so smart )
Rob, I received an email request from Masterbucks on July 24 confirming the withdrawal of my $63695.45 net proceeds by wire transfer. The next day we did indeed have a very nice phone conversation to discuss my relationship with Epik. During that call, I told you that I had already requested the wire transfer payout because my accountant prefers it this way. That is why I was surprised to learn that it was later cancelled.
Anyway, the funds were used to purchase the other name instead, and that transaction you handled extremely fast and smoothly. Thank you for that!
So, my only remaining issue is the TrustReviews.com. I see that Epik actually has some very good, although still few, reviews at TrustPilot. What about redirecting sales landers to Epik.com and use TrustPilot like DAN does and this way only pay one TrustPilot fee instead of the $6,000 (I believe) per landing page/domain?
Thanks for confirming the chronology.
I would call it a double success story and am glad it worked out on both transactions. I doubt anyone else would have been as fast. For your next transaction, I will see if we can do it in an hour now that we know your preferences. We completed @bludex in an hour including multi-wire outbound distribution of funds on a Friday afternoon.
As for TrustReviews, we may end up doing your solution. I did talk to them about it. What you might not grasp is that in addition to building a really great domain name asset management platform, we are closing gaps in various aspects of the Internet value chain. I consider the online reviews category to be a broken process.
I won't take this thread off topic, but suffice it to say that there are a lot of aspects of the internet startup economy that are broken and that greatly disadvantage an entrepreneur frrom India, Pakistan, Nigeria or Brazil to succeed, for example. I think we can do a lot to empower a lot more people with tools and services that are affordable.
The playing field is leveled. Lord-willing, I will prove it.
Every day we are witnessing how real are this words. Rob's business activity as well as lifestyle is also exemplary for a lot of us. May Lord grant you long life. We really need helpful and sincere business owners in domain industry like you
Can we add to this list fluoridated toothpaste - one of serious "hidden enemies"?
Fluoridated toothpaste seriously damages one of important organ of us - epiphysis, which produces melatonin, serotonin and supports our immune system.
Can you explain your back order service? I had an order and was told by your rep that it would move to my account after the 16th day of expiration. That did not happen.
When I inquired about it, I was told that 1% of your customers have a longer period to renew.
From my point of view that is the following -
1. A lie
2. If true, not acceptable for a company to operate with that policy.
Look forward to the response. I sure hope it’s not what I think it is... netsol operates that way and most here know to stay far away from them.
Sure thing, first understand the expiry process:
As discussed privately, our default grace period for .COM is 15 days.
Some customers have longer grace periods. The domain you asked about is owned by a very large Epik customer who frankly abuses our grace period a bit more than we would like. He has an extended grace period of 35 days.
On day 36, we send our .COM expiry stream to Snapnames. Before sending to Snapnames, in some cases we'll warehouse a name for up to a year just in case we think a customer is dropping a domain by accident.
On or around day 43 we do finally send domains to redemption. From then we have 30 days of redemption during which we can recover a domain for a redemption fee. We do sometimes have folks buy domains from us out of redemption.
Just for calibration, this particular domain that you backordered is probably worth $100,000. The owner makes liberal use of our grace period but is no idiot. As such, I am not entirely shocked that the former registrant did finally renew it.
Backorders are awarded on a first come first serve basis. We are working on a non-exclusive post-pay backorder service for reg-fee. This should go live in September which we think domain investors will really like.
And if you cancel a backorder, you get a full refund.
Why would anyone pay $199 for you to send expired domains to a platform that takes back orders for less than half?
The idea behind your system is that the huge pre-paid fee is supposed to be exclusive.
Also, do you think it’s a fair to basically screw over the majority of customers to appease a few? It’s a 99% to 1% ratio in this “special” case.
As it stands, I’ll stick with registrars that treat TOS and basic policy the same for everyone. Whether a BO is for a domain worth $1 or $1 million it should be moved through your platform exactly the same. Anything different is just a wrong way to operate...
Sure, as you like.
With the $199 backorder it is exclusive, and it is fulfilled at the end of the grace period. As you are pressing the issue further, I will acknowledge that the domain you were backordering was MobileWallet.com. Pretty much no domain investor here is going to be shocked that the owner did not renew it.
For this case, the domain owner renewed it on day 26 of the expiry calendar.
As for Snapnames, you might be new at this but you do realize that Snapnames has an opening bid of $89 and from there the sky is the limit. At Epik, the exclusive backorder is a $199 fixed fee backorder with no auction and which is refundable.
As for grace period, as mentioned, the default is 15 days. If someone is having payment issues, we can often make special arrangements to make sure their domain drop or go through the expiry stream. If you are looking for a longer grace period for your portfolio, just contact us privately and we'll see what we can do.
We do also do interest-free domain loans.
As for our terms of service, we publish what we promise to do. The fact that we often go above and beyond that is no cause for jealousy. We simply elect to treat our customers as individuals and try our best to help folks out as best we can. If you prefer a registrar that does not do that, of course that is your prerogative!
From your rep, Jessica...
Thank you for supplying some history here.
While the rep you spoke to supplied valid information for 99% such cases, we (Epik) have a few clients that have an extended grace renewal time. The domain owner in this case has a longer grace renewal period therefore that is why that 16 day delivery did not apply here.
Sorry for the miscommunication there”.
So, it’s your position that 1% of customers have special privilege. That doesn’t fly with me and shouldn’t fly with anyone else in the industry. Poor business operations imo.
It sounds like the client services rep was accurate.
As for extended grace periods, you can have one too. You just need to request it. Most people know by day 15 whether or not they are going to keep a domain.
Besides, the DNS stops working on day zero so it is not really that great a free ride thought it has saved a few folks' bacon. That is true.
Best of luck.
Yes, special rules aren’t for most, and thus most shouldn’t keep domains at epik.
If or when your platform treats every registration the same, let us know, it may result in more business.
With known domainers being part owner in your company, it’s easy to see how certain dealings get “special” treatment.
In all seriousness, as an Epik customer, you really can get a longer grace period, or an interest free domain loan if you ask for one and have non-crap domains.
However, if you like the idea of Communism, move to someplace where you can be a Communist and where everyone can be treated the same, or so you will be told.
It's nice to see Epik go above and beyond for customers, such as extending grace periods. Life can have challenges at times and it's good to know someone has your back. Epik seems to have your back when you may need it most.
Running an honest operation across the board is not “communist”, it’s simply fair.
All good, I’m not a customer because of your special privilege offerings.
Compassion in action:
- Interest free domain loans for up to 1 year
- Domain layaway for customers who need a little extra time
- Commission-free escrow transactions
- Happy Hours with domain below cost. Check it out here.
- Free domain restores for domains that did not have a backorder and were not deleted.
- Bug bounties and welcome credits -- literally free money.
- Dispute resolution and ombudsman work all for free
Look at my post activity or ask industry folks, and you will see this is all deeds not cheap rhetoric. We help folks succeed. That is our mandate first and foremost.
If you can find me another registrar who is doing more to help out the little guy, I will surely kiss your feet and theirs.
Separate names with a comma.