Payment in monthly installments ?

[Asfas1000]

I want to offer a buyer the option to pay 50% upfront and the remaining in monthy installments (6-12)

I wonder if any Escrow service offers this option ?

I emailed Ecop few days ago but no response so far.

Also, what exactly happens with the domain ownership in this scenario ?

 

[Asfas1000]

Anyone ?

 

[Magicpig2]

Be careful. 12 months of installments costs over $300 in extra charges with Escrow. I would phone Escrow first and find out the best way forward.

 

[Asfas1000]

Be careful. 12 months of installments costs over $300 in extra charges with Escrow. I would phone Escrow first and find out the best way forward.

You are right, too much in commissions. Most importantly, who owns the domain while it is being repaid ?

 

[Magicpig2]

You receive each installment until it's fully paid and then the domain is transferred to the new buyer.

 

[Asfas1000]

I now start to realize it can become complicated. What if I don't transfer the domain after being paid in full ? What if they fail to pay the last few installments ? lol

 

[Magicpig2]

You keep any money paid. The domain is kept in an Escrow account which they release to the buyer once all monies are paid.

 

[Asfas1000]

Thanks, that makes sense.

 

[venturefile.com]

Ecop does this and I think that you have to pay only $20 extra per installment.. Where did you send the email to? The support there is usually very responsive..

 

[Asfas1000]

That's right, they will charge $20 per installment. That's $240 for 12 payments. I sent an email to [email protected] .

 

[venturefile.com]

Open up a support ticket via their system. I usually do that and get a fast answer..