Is it safe to deal with new trader with very little history?

[Soofi]

His response cracked me up when I said, "You're a New Trader"

I'm a new trader here for a reason, and that is because there's nothing to trade here except five dollar names with small fish like you.

Is it SAFE & SECURE to deal wit fairly new trader wit very little history.. I will not disclose this traders name until I have received your opinion about it.

However this is how his stats look at the moment on NamePros..

xxxx
NamePros Member

Trader Rating: (1)
Join Date: Jan 2006
Posts: 27
NP$: 0.00 (Donate)

Please tell me what would you do in case you were buying about 19 expiring domain names from him? will you send some $xxx to him as he refuses to go first or to use escrow service!

(no offence to new members or anyone else, I'm just trying to know how NP'ers in general would react to this one

Cheers - J

 

[Corey]

uuumm No

Quote "I'm a new trader here for a reason, and that is because there's nothing to trade here except five dollar names with small fish like you."

His attitude should send alarm bells ringing to start with!

there are many more domain names available without risk.

Just my 2 cents worth.

Cheers
Corey

 

[Soofi]

uuumm No

Quote "I'm a new trader here for a reason, and that is because there's nothing to trade here except five dollar names with small fish like you."

His attitude should send alarm bells ringing to start with!

there are many more domain names available without risk.

Just my 2 cents worth.

Cheers
Corey

Thats what I thought and refused to go ahead wit the deal
Thanks CoreyG!

 

[SpareDomains]

here is the general rule I use...

If it's more money than you care to take a chance on losing use an escrow service...

http://www.escrow.com/
http://www.sedo.com/services/s_escrow.php?tracked=&partnerid=&language=us
http://www.afternic.com/buy.php?p=4
http://www.moniker.com/aftermarket/domain-escrow.jsp

there are people in this forum I would take 10k+ from through paypal and there are also people that I wouldn't take $5 from, I guess it's a gut choice on your desired risk level based on the domains at hand, amount of transaction and the member, if the risk level appears too high based on those factors decline the deal or use an escrow service, if ya get really bored browse around http://www.namepros.com/warnings-and-alerts/ and look for paypal deals gone bad, one reason selling to end users is great as it's never an issue of this transaction isn't enough to justify an escrow service, dealing with domainers is usually a good experience but a few bad apples tend to sneak in, a new member can be a great buyer or a bad buyer, problem is there is no way to determine that without a history of past performance, kinda like trying to get a credit card because you need credit but nobody will give ya one because you don't have a credit history.

 

[Soofi]

here is the general rule I use...

If it's more money than you care to take a chance on losing use an escrow service...

http://www.escrow.com/
http://www.sedo.com/services/s_escrow.php?tracked=&partnerid=&language=us
http://www.afternic.com/buy.php?p=4
http://www.moniker.com/aftermarket/domain-escrow.jsp

there are people in this forum I would take 10k+ from through paypal and there are also people that I wouldn't take $5 from, I guess it's a gut choice on your desired risk level based on the domains at hand, amount of transaction and the member, if the risk level appears too high based on those factors decline the deal or use an escrow service, if ya get really bored browse around http://www.namepros.com/warnings-and-alerts/ and look for paypal deals gone bad, one reason selling to end users is great as it's never an issue of this transaction isn't enough to justify an escrow service, dealing with domainers is usually a good experience but a few bad apples tend to sneak in, a new member can be a great buyer or a bad buyer, problem is there is no way to determine that without a history of past performance, kinda like trying to get a credit card because you need credit but nobody will give ya one because you don't have a credit history.

Thanks SpareDomains for a very useful post.. I, most of the times, try and give chance to new traders because 1. I like the domains that they have 2. So that they dont have to struggle building a reputation because most of the traders dont really deal wit new traders or people with very less history.

As you had suggested, escrow service is very good option but thats if both the parties re ready to Split fee..

 

[SpareDomains]

Thanks SpareDomains for a very useful post.. I, most of the times, try and give chance to new traders because 1. I like the domains that they have 2. So that they dont have to struggle building a reputation because most of the traders dont really deal wit new traders or people with very less history.

As you had suggested, escrow service is very good option but thats if both the parties re ready to Split fee..

I do the same and buy quite often from new members as they have to start somewhere in building a history, when ya hit that $ amount that makes ya question yourself the fees at escrow.com etc... split with a willing seller don't really add too much to a transaction for a little piece of mind, if a seller refuses to use an escrow service and you have agreed to pay all the fees or split them I think it's an easy decision... abort mission. :hehe:

 

[ofclean]

We all had to start somewhere! That being said, his attitude screams, "I'm a jackass; I'm going to do my best to rip you off." I wouldn't trust him.

On a side note, I hope to involve myself in some more transactions to get my trader rating up; sometimes I fear that you need a rating of around 30 to be truly trusted around here.

 

[Soofi]

We all had to start somewhere! That being said, his attitude screams, "I'm a jackass; I'm going to do my best to rip you off." I wouldn't trust him.

On a side note, I hope to involve myself in some more transactions to get my trader rating up; sometimes I fear that you need a rating of around 30 to be truly trusted around here.

I will trust you even if you had 1 or 2 trader rating but if you'd show me attitude and statements like these, I'd raise my level of trading :hehe:

"I am reputable at other forums, just not here"
"I'm a new trader here for a reason, and that is because there's nothing to trade here except five dollar names with small fish like you."
"I will not go first cuz basic selling format is payment prior to pushing the domains"

 

[Traveler]

"I'm a new trader here for a reason, and that is because there's nothing to trade here except five dollar names with small fish like you."

That has scammer written all over it. In general, I do value TR, but I also value how much time an individual has invested here at Namepros. If they have a low TR but have decent rep and a review of their posts shows a real commitment to these forums and domaining, then I would be more than happy to do a trade up to $200 or so.

I would never, under any circumstance do a deal with someone who made a comment like the one you received.

I have declined sales in the past do to lack of tr or history here at NP and so far have never had a reply like you received. I think you did the right thing.

However a statement like:

"I am reputable at other forums, just not here"

For me that is something I can work with. I spend a lot of time at NP but sometimes sell other places where I don't have as much history. If someone is new to NP but can demonstrate they are a valued member at another domaining site, then I will cut them some slack. I have sold names other places with no TR because I can show the person, hey this is who I am at NP.

 

[weblord]

:imho:
no it's not safe, approach it with caution.
if you have to do it, then opt for an np$ payment.
one of my services thread here requires at least trader rating of 3 but I know it will not suffice.

im not speaking generally.

 

[gilescoley]

Jay, I agree with most NPers here, proceed with caution. That kind of attitude does tend to raise a little suspicion


Good luck though

 

[Mike]

Yet another beautiful thing with NP$ currency. If in doubt, get paid in NP$ and resell the NP$ later on yourself. If you encounter any headache, NP is administered and responsive in a way that many registrars or payment companies can only dream of.

M.

 

[cache]

it is not safe

 

[Greg]

I just recently sold my first names on NP. I was afraid that no one would bid on my names because I was new here. I offered to push the name first to respected NP members and made sure that I was quick with communication. I even considered starting a few names at $0 to build confidence. Even as a new seller I refused to deal with a new member because of them being new here.

I think that the i-trader rating system is a very useful tool that raises the honesty and integrity of NamePros transactions and I'm glad it's there.

 

[Spade]

Depending on the Dollar amount is where I make my move. If I am buying, and its a low dollar amount, I will use paypal (funding source CC). If the seller refuses to send the merchandise, I will simply performa CB.

If I am the seller, I require funds to be send via Mass Pay (this insures money is in the account, much more difficult to Charge Back on).

Or, if its just not wortht he hastle and the hairs on my neck are saying "Dont do it" - I wont.

 

[Soofi]

Thanks everyone, Rep added for your useful posts.. The name of the trader was "Jazz" , and I called off my deal wit him