Marketplace with PayPal payout?

[richtrading]

9 Jan exchange rates.

We sell via Escrow.com but get hit for the USD->GBP currency conversion cost. 2.7% (1.30 USD -> GBP). Costs us $20 for the payout bank transfer.

PayPal also give us 1.30 USD ->GBP (today 9 Jan), but at least they don't force us to convert it every time.

Today's spot rate is actually 1.27 USD ->GBP

Example Escrow.com transaction fees.

2500 USD

If Escrow Concierge:
If buyer pays by wire transfer or check $162.50
If buyer pays by credit card or PayPal $238.75

WITHOUT Concierge:
If buyer pays by wire transfer or check $81.25
If buyer pays by credit card or PayPal $157.50

Quick sum, assuming buyer pays PayPal, no concierge, and bank payout.
PayPal: $157
My bank: 2.7% of (2343 USD): $63

Net in USD is

$2280

Escrow.com has cost me 9% fees.

Afternic I believe charges me 20%.

I'd like to get these fees lower!

 

[frank-germany]

undeveloped 9%

epik 0%

 

[alcy]

undeveloped is great. they take 9% fee
but you pay nothing to get paid out to paypal (mass payment).

so basically this means you pay undeveloped like 4% fee.. versus receiving buyer paypal payment directly to you (not recommended).. which would cost you round 5%.

as far as I know escrow.com has no paypapl payout at all. at least not to canada.

 

[alcy]

undeveloped 9%

epik 0%

epik now charges a sale fee on their market... since 2 months. and their external escrow costs too.. with a really bad 75$ fixed rate min fee regardless of price.

 

[richtrading]

undeveloped 9%

epik 0%

Hi Frank, do Epik support paypal payout?

Just to add, Escrow would be 6.3% if I didn't get stung for the 2.7% USD conversion fee my bank imposes.

 

[frank-germany]

Hi Frank, do Epik support paypal payout?

Just to add, Escrow would be 6.3% if I didn't get stung for the 2.7% USD conversion fee my bank imposes.

I think they pay me via paypal

 

[golan]

+1 for Undeveloped. And it's only 5% if you import a lead.

 

[thekiller]

+1 for uniregistry, they charge 6.88% if you negotiate yourself. BIN commissions are 10%.

Their payout is also fast, most of time received within 48 hours.

 

[richtrading]

+1 for uniregistry, they charge 6.88% if you negotiate yourself. BIN commissions are 10%.

Their payout is also fast, most of time received within 48 hours.

Is that payout via paypal?

Escrow is only 4% if buyer pays via bank-transfer, or 7% if buyer pays via creditcard/paypal.

 

[thekiller]

Is that payout via paypal?

Escrow is only 4% if buyer pays via bank-transfer, or 7% if buyer pays via creditcard/paypal.

I never got payout via PayPal, but I was referring the good rates I'm getting from them on currency conversion. I do receive via Wire Transfers.

 

[Arfy]

I tried to use Escrow.com with payout to a transferwise account (they give spot rate conversions and you can get create accounts in multiple currency for recieving). However, Escrow.com did not allow me to use that even though the account was in my name.

I was planning on doing this:

• Payout from escrow.com to USD account with Transferwise (no exchange rate as same currency).
• Then use Transferwise to convert from USD to GBP where they will use the spot rate but charge a small fee of like 0.4%.
• Draw out money from the GBP transferwise account to my bank account (no exchange rate as same currency)

so for example if it was a $10,000 net payout (after escrow.com fee) the conversion to GBP would have only cost $40 as opposed to $270

It is not huge saving but if you are talking about $50,000 then it starts to add up --> $200 as opposed to $1,350

 

[richtrading]

I tried to use Escrow.com with payout to a transferwise account (they give spot rate conversions and you can get create accounts in multiple currency for recieving). However, Escrow.com did not allow me to use that even though the account was in my name.

I was planning on doing this:

• Payout from escrow.com to USD account with Transferwise (no exchange rate as same currency).
• Then use Transferwise to convert from USD to GBP where they will use the spot rate but charge a small fee of like 0.4%.
• Draw out money from the GBP transferwise account to my bank account (no exchange rate as same currency)

so for example if it was a $10,000 net payout (after escrow.com fee) the conversion to GBP would have only cost $40 as opposed to $270

It is not huge saving but if you are talking about $50,000 then it starts to add up --> $200 as opposed to $1,350

That's a great idea you tried. I wonder if Revolut would work?

 

[biggie]

Hi

why not ask buyer to pay fee

or

increase your prices to net more cash

also, if you pay taxes, then fee's and commissions are deductible as expenses


imo....

 

[alcy]

+1 for uniregistry, they charge 6.88% if you negotiate yourself. BIN commissions are 10%.

Their payout is also fast, most of time received within 48 hours.

i dont know since when but uniregustry now charges mib 175$ on all sales.

which is beyond greed and disgusting..beating even the awful min 60 fee on sedo.

so sell a name for 200 on unireg and u get 25...


i will never use them. they are pure greed..on all levels...monthly plans now etc

 

[Arfy]

i dont know since when but uniregustry now charges mib 175$ on all sales.

which is beyond greed and disgusting..beating even the awful min 60 fee on sedo.

so sell a name for 200 on unireg and u get 25...


i will never use them. they are pure greed..on all levels...monthly plans now etc

I think that is only for brokered deals. For seller negotiated, the commission is 0.

 

[alcy]

I think that is only for brokered deals. For seller negotiated, the commission is 0.

Show attachment 106645

i think u are right...but i always smell some fishy detour try from unireg to get my leads to brokers.. even when i set it all to selfbroker..anyone else get this weird feeling.... i feel taken for ride each time i get lead there or get broker msg..like bad vibe i get nowhere else ..

 

[Arfy]

i think u are right...but i always smell some fishy detour try from unireg to get my leads to brokers.. even when i set it all to selfbroker..anyone else get this weird feeling.... i feel taken for ride each time i get lead there or get broker msg..like bad vibe i get nowhere else ..

I did get a lead there recently, through domain tools apparently (syndicated lead) which means commission is 20%. Feels way too high.

 

[Bob Hawkes]

I have many sales on Namecheap Marketplace - it only works for domains registered there though. You can withdraw to PayPal but only once your amount withdrawn is at least $100. They do not charge PP fees per se, but depending on your country PayPal may. You can use smaller amounts to pay for domains or other services at Namecheap. Their commission is a flat 10% with a $5 to $1000 price range.

As others have already noted Undeveloped pay quickly without payout fees via PayPal. They charge 9% commission in general (lower rate if you bring your own lead).

Bob

 

[alcy]

I have many sales on Namecheap Marketplace - it only works for domains registered there though. You can withdraw to PayPal but only once your amount withdrawn is at least $100. They do not charge PP fees per se, but depending on your country PayPal may. You can use smaller amounts to pay for domains or other services at Namecheap. Their commission is a flat 10% with a $5 to $1000 price range.

As others have already noted Undeveloped pay quickly without payout fees via PayPal. They charge 9% commission in general (lower rate if you bring your own lead).

Bob

do u have some secret trick to yer many nc sales..or its just good names at good prices? i ask cause i never heard anyone having great success seling on nc market...ty

 

[Arfy]

do u have some secret trick to yer many nc sales..or its just good names at good prices? i ask cause i never heard anyone having great success seling on nc market...ty

Good question! I have a 3 letter.com registered at NC but I think the max you can list at is $50K and I want more than $50k for that name ... Unless I'm missing something?