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I bought domain names in the past from top players like Afternic. The process was professional and smooth.
Typically I would make an offer by typing in $xxx and hit the submit button. The sales guy would reach out to me personally and there would be a back and forth and finally we settle down on a price.
Then I would stew on the final price for a while. Only then would I decide to purchase it or not. The whole process typically takes anywhere between a few weeks to months or even years.
Once they have the money in hand via escrow, they would then start the domain transfer process as well. Everything was smooth professional and fair.
I never heard of this company called undeveloped.com and was wondering if any of you heard about it.
I was interested in a certain dot com. I entered $xxx and hit submit to get in touch with their sales team.
The price I submitted was forwarded to the seller and it was accepted by the seller. I get a mail from undeveloped that this is legally binding and that I must pay in 7 days and that there is a VAT tax that was not included and it must be paid too. I thought the price quoted was the final amount. The VAT% was not disclosed upfront either.
I find the whole thing a bit off putting and coercive. I was wondering if this is a normal way of doing business?
This is what the clause says on their page.
6.1 Every bid the User places on a domain name which is placed on the Website is legally binding. A bid cannot be revoked. If this offer is accepted by the Provider, the User is obliged to cooperate in the transfer of the domain name. The provisions of Article 4.5 are explicitly applicable.
Typically I would make an offer by typing in $xxx and hit the submit button. The sales guy would reach out to me personally and there would be a back and forth and finally we settle down on a price.
Then I would stew on the final price for a while. Only then would I decide to purchase it or not. The whole process typically takes anywhere between a few weeks to months or even years.
Once they have the money in hand via escrow, they would then start the domain transfer process as well. Everything was smooth professional and fair.
I never heard of this company called undeveloped.com and was wondering if any of you heard about it.
I was interested in a certain dot com. I entered $xxx and hit submit to get in touch with their sales team.
The price I submitted was forwarded to the seller and it was accepted by the seller. I get a mail from undeveloped that this is legally binding and that I must pay in 7 days and that there is a VAT tax that was not included and it must be paid too. I thought the price quoted was the final amount. The VAT% was not disclosed upfront either.
I find the whole thing a bit off putting and coercive. I was wondering if this is a normal way of doing business?
This is what the clause says on their page.
6.1 Every bid the User places on a domain name which is placed on the Website is legally binding. A bid cannot be revoked. If this offer is accepted by the Provider, the User is obliged to cooperate in the transfer of the domain name. The provisions of Article 4.5 are explicitly applicable.
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