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!

 

[Bob Hawkes]

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

I am not sure if I have true secrets. I think it is mainly that it is a good place to sell domains you are willing to part with at bargain prices. If I am unlikely or unsure whether to renew, I always list my NC domains there. I also list during the first 60 day period before I list on Undeveloped/Afternic etc.

Here are my hints...

• It seems to me that it is best for sales in the $$ range. I have had the odd lowish $$$ but rare.
• Maybe it is me, but it seems to me a better place to sell ngTLDs than legacy. I have tried both and sold about 30 ngTLDs, a handful of general country code (mainly co), but never a legacy TLD.
• It's a pain, but listing for short period and then relisting will get you nearer the top more often and most of my sales happen when a listing is about to expire.
• Most do not, but I almost always include descriptions with my domain names (I keep a master file so can copy and paste the text easily when I list)
• Perhaps the most effective thing you can do is when I have the BIN place the NameCheap marketplace I set the DNS forwarding so that if someone enters the domain name it goes immediately to the for sale page at NameCheap Marketplace, i,e. it becomes the lander.
• I have links both to all my NCM ones, and individually for domains, from my own website. I occasionally use social media to indirectly promote a name (very rarely).

If I was asked what is most important it would be price aggressively, use shorter listing periods and make it the lander for your domain name.

Most of the time I do not use it for my domains that are priced above $200 (except for first registered ones).

Bob

PS I need to update it, but some months ago I did write a detailed post re selling on the NameCheap Marketplace.

PPS I also meant to add as a tip that the closing time probably matters. It probably depends on the type of domain, but early morning (North America time) closings seem more often to sell for me. You do get a contacts change notice, so I can sometimes guess where buyer is, or sometimes the name gets developed. I don't see much of a trend, with some sales definitely to Asia, some to Europe and some to North America. Of course stats for one person pretty meaningless.

 

[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.

 

[golan]

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

 

[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.

 

[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

 

[frank-germany]

undeveloped 9%

epik 0%

 

[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....

 

[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.

 

[toughdomains]

we charge 9% and we pay via wire, paypal, and bitcoin and escrow...so any transfer, bank network or conversion rates come out of the 9%

 

[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.

 

[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

 

[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

 

[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

 

[Bob Hawkes]

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?

I don't think you can even list it, maybe with special permission, at that price range but in my opinion it is NOT the place to list domain names that are at all near that price range. For those I would definitely consider mainly Sedo, Afternic and Undeveloped.

Bob

 

[J Sokol]

Thanks for the NameCheap tips, @Bob Hawkes. I haven't had any luck selling there either - even listing at xx prices and renewing often. But I'll keep trying ...

 

[Bob Hawkes]

Thanks for the NameCheap tips, @Bob Hawkes. I haven't had any luck selling there either - even listing at xx prices and renewing often. But I'll keep trying ...

I have recently learned an unofficial method on how to estimate marketplace sales. I'm not ready yet to share in detail (and the idea came to me from someone else) but one interesting thing it shows is that the rate of sales on the marketplace seems to go up and down a lot. I had noticed this personally, some months a lot of action, then many none.

I wish I had a way of knowing how many sales there are direct sales and how many come from someone promoting listings there. In almost all cases I link to my NCM listings on my own website and also often, not always, have that listing serve as the lander where someone entering the domain name go.

Good luck, and as mentioned above, the sales rate there definitely varies a lot from month to month.

Bob

 

[NicTraders]

There's a real opportunity for an entrepreneur to set up a domain Escrow company for low fees, eg 2%. They could dominate this market and make eg $160 for every $8000 sale.

Is there an appetite for such a service?


I also think about just accepting payments directly, if buyer trusts me, that also works well and saves all costs.

How often do you get buyers prepared to wire you $8000 directly though?

For people enquiring about escrow, I researched this after Payoneer Escrow clsed down. The notes I made at the time (though I haven;t got around to testing most services) were as follows:

"Alternatives might be Epik, Undeveloped, Sedo and various registrars have a marketplace/escrow service built in - Uniregistry, Namesilo)

Specialist escrow services to look at are: dn.com, Transpact.com, EscrowDomains.com, escrow.domains, Safefunds.com"

Obviously most of the first ones have been mentioned here. As for the specialist services, the one that I most wanted to try was Transpact (from memory they sounded good and at extremely low fees). However I have not used them yet myself, and for all of these I don't know about PayPal payout - but they are possibilities that you could research further.

 

[NicTraders]

I'm tempted to try TransferWise. Easy enough to open a USD account there, and see if buyers prepared to pay via that service.

I use TransferWise for payouts from some marketplaces. It certainly saves on some of the bank fees if doing an international transfer, or gets you a much better exchange rate compared to PayPal. You'll wait a few days for the funds to clear, but I'd prefer that than losing more $ through fees. I haven't yet asked buyers to ask to pay to my account direct though I am definitely going to do that one day as I'd get to keep even more of my funds.

 

[NicTraders]

most of those as u call them specialist services do not offer paypal.

Yep, quite correct. I try to avoid payouts by PayPal because their currency conversion rates are dreadful to say the least. If a domain sale is worth putting through escrow I'm probably losing more through PayPal's rates than I would be through bank conversion fees. But of course they are the easiest way to receive small payments (non-escrow). At the end of the day though, currently there is no perfect way for dealing internationally. It comes at a significant cost.

 

[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.

 

[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]

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?

 

[frank-germany]

There's a real opportunity for an entrepreneur to set up a domain Escrow company for low fees, eg 2%. They could dominate this market and make eg $160 for every $8000 sale.

Is there an appetite for such a service?


I also think about just accepting payments directly, if buyer trusts me, that also works well and saves all costs.

How often do you get buyers prepared to wire you $8000 directly though?

it's standard in Germany
when you send an invoice as a business

 

[frank-germany]

Germany is awesome