NameSilo

Non Payer at Undeveloped.com

Labeled as alert in Warnings and Alerts started by wot, May 22, 2018.

Replies:
69
Views:
8,485

  1. AGAME

    AGAME ALWAYS BRING YOUR AGAME Gold Account VIP

    Posts:
    2,002
    Likes Received:
    3,080
    Sorry to hear that. Something needs to change in our industry.
     
    Last edited: May 29, 2018
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. AGAME

    AGAME ALWAYS BRING YOUR AGAME Gold Account VIP

    Posts:
    2,002
    Likes Received:
    3,080
    Had two BIN on undeveloped never show up with their payment. I guess that means they really werent too serious because whether it be 10% of 100% (BIN), those 2 buyers of mine never pulled out their wallets.
     
  3. Reza

    Reza Founder of Dan.com Undeveloped Gold Account

    Posts:
    698
    Likes Received:
    2,700
    Using Bodus or PC is more a filter than a solution though. We could also stop showing all leads until they pay but that's really not a solution to the problem that all marketplaces have with non-payers for various reasons.

    I do know that our setup, which is on purpose very frictionless, does allow more real buyers eventually to go through the funnel and transact with our sellers.
     
  4. Reza

    Reza Founder of Dan.com Undeveloped Gold Account

    Posts:
    698
    Likes Received:
    2,700
    That must be a while ago since BIN's currently don't go through if the buyer doesn't complete his/her purchase on the spot. So all BIN's you'll have are from 100% legit buyers that have already paid for the domain.
     
  5. Backorder-ing.com

    Backorder-ing.com WorldWideWeb VIP

    Posts:
    4,253
    Likes Received:
    1,534
    Notice that because i make a experiment with one of my domains & see no way for the potential buyer that need to pay first & then recive the domain ..i guess process will be managed by Undeveloped
     
  6. Andrew Knox

    Andrew Knox Top Member VIP

    Posts:
    1,677
    Likes Received:
    1,112
    Meh. It will be that much more satisfying when it sells for more :)
     
  7. soidav

    soidav Established Member ★★★★★★★★★★

    Posts:
    129
    Likes Received:
    68
    true
     
  8. pokainc

    pokainc Top Member VIP ★★★★★★★★★★

    Posts:
    2,642
    Likes Received:
    2,554
    Whether Undev or Godaddy, or elsewhere, there are always some non-payers UNFORTUNATELY!..and as domains get more popular and attract all kinds of people.. this will somewhat increase as penalties are pretty much non-existent, unless you decide to go to court, spend a lot of money and time, often years...

    (NOT A LAWYER, HAVE SOME IDEA + SOME LOGIC, THIS IS NOT LEGAL ADVICE) They are contractually obligated to honor the deal as clicking accept is similar to signing their name on the agreement contract.. but even that can be somewhat fought in court if you ever reach there...

    One option would maybe be to freeze a % of an offer on the buyers Credit Card or bank account when an offer is made.. and if there's an agreement and no payment, you get that amount. But again.. it comes with all kinds of legal issues and technicalities associated to it.
     
    Last edited: Dec 5, 2018
  9. golan

    golan GolanMedia.com Gold Account VIP

    Posts:
    3,652
    Likes Received:
    3,355
    Interesting, i have one domain there hanging for a few days already, and the buyer (or "buyer"?) is also from Singapore.
     
  10. wwwweb

    wwwweb Top Member VIP

    Posts:
    9,379
    Likes Received:
    8,033
    Sometimes people think domain is in their local currency, other times they are clueless to what they are doing, or think they are buying a product maybe previously associated with the domain.

    As you get more 3rd world users going online, you are going to have more of this happen.

    Don't waste your time with legal jargon, if someone isn't going to pay, they aren't going to pay, and legal options are limited on 3-4 figure type sales. It is just something you have to deal with, it sucks as you go from a high to a low, but usually you can weed them out quite quickly based on geo region, and email ie) hotmail etc...
     
    Last edited: Dec 5, 2018
  11. xynames

    xynames XYNames.com PRO VIP

    Posts:
    3,448
    Likes Received:
    5,981
    Here's another thread where a deadbeat bidder was exposed.
     
  12. YairDD

    YairDD Established Member

    Posts:
    487
    Likes Received:
    1,299
    I actually have someone that looked super serious and we agreed on $1450 for a domain but he didn't pay yet. it's been 1.5 days. what are the chances that he'll pay?
     
  13. Rob Monster

    Rob Monster CEO, Epik Epik.com Staff PRO Gold Account VIP

    Posts:
    1,300
    Likes Received:
    3,584
    The key to securing payment is:

    1. Close quickly -- secure funds with minutes, not hours or days.

    2. Be credible -- your market-maker should be in constant contact with the buyer.

    3. Delivery value -- don't just deliver the domain but make sure the buyer is happy.

    If folks do these 3 things well, you will see transactions close. Non-payers usually are not flakes. They changed their minds, knowing that legal enforcement is weak.
     
  14. loredan

    loredan Top Member VIP ★★★★★★★★★★

    Posts:
    990
    Likes Received:
    1,154
    Waiting a day and a half is ok especially that today is Monday.
    Unlike most domainers, normal people have a life, you know ... weekend and stuff... :)
     
  15. Rory Ivey

    Rory Ivey Top Member VIP

    Posts:
    2,936
    Likes Received:
    3,614
    Personally, I never looked on the name, whether it's kate or jerry or tom. I'm guessing you're saying because it's a girl it's bad... but you don't mind if its' you. When It comes to disagreements I don't discriminate(That's if kate is a female or just a misleading username) idk. But this isn't a dating forum buddy. Because if you're not ok with it...that should be in general for everyone ... not based on who it is pointed to.

    However, I genuinely will take back the use of the word "idiot" in my response... @Kate Though my point doesn't change. I don't have a history of this. And I Have(as we speak) someone making fake inquiries on my domains.. a fellow domainer here on namepros which i will expose soon. This has had me very agitated and probably influenced my aggressive response to this subject and going a little further on a personal level.

    That frustration was influenced and justified by something legitimate and personal. But it was mis-directed frustration.
     
    Last edited: Aug 12, 2019 at 8:35 PM
  16. offthehandle

    offthehandle . Gold Account VIP

    Posts:
    5,010
    Likes Received:
    8,267
    FYI Kate I believe no longer participates here, at least she has not logged in quite some time- June 6.
     
  17. MapleDots

    MapleDots Domain Properties 2010 - 2019 VIP

    Posts:
    5,061
    Likes Received:
    10,255
    It is because of situations like this we lose great forum contributors.

    I appreciate that @Rory Ivey took back and owned his response but he also stated this is not a dating forum.

    It has nothing to do with what type of forum it is, the object of a discussion forum is to criticize the idea and not the person. Name calling is not a way to discuss things on an open forum.
     
  18. MapleDots

    MapleDots Domain Properties 2010 - 2019 VIP

    Posts:
    5,061
    Likes Received:
    10,255
    Now my response to @Rory Ivey on my post he quoted a few above...

    Yes I guess signing up for one of the services to purchase a domain is an implied contract but we all know the platforms don't enforce the contract. Short of banning the user the platforms do virtually nil to enforce the sales agreement. Even worse, the user just makes another username and does business again.

    So my original comment stated why even bother. Look at the sales you have and not the ones you missed. There is nothing you can do when someone does not follow through with a sale or purchase. As a domainer you eventually get used to this and you learn to count your pennies after they actually hit your account.
     
  19. Mohammed Azheruddin

    Mohammed Azheruddin FIreBrandName.com VIP

    Posts:
    1,156
    Likes Received:
    362
    For me matter is opposite, I payed but the seller did not transferred the domain.

    Recently i won the bidding of VRcomputing.com at Flippa auction. But the seller closed his account soon after the auction was finished. My money was at Flippa Escrow and got back with $10 to $15 loss.

    If anyone dealing with VRcomputing.com guy please be careful. He wasted my time and money.
     
  20. Reza

    Reza Founder of Dan.com Undeveloped Gold Account

    Posts:
    698
    Likes Received:
    2,700
    All, please keep discussions polite. I see a lot of anger, opportunism, and rudeness in this thread.
     

Want to reply or ask your own question?

It only takes a minute to sign up – and it's free!
Topics / Tags:

Share This Page

NameWorth
  1. NamePros uses cookies and similar technologies. By using this site, you are agreeing to our privacy policy, terms, and use of cookies.
    Dismiss Notice
Loading...