Payment Methods In Domaining Business !

[smak786110]

I would like to know how many and types of payment method are there used for DOMAINING BUSINESS !
I am in third world country and PAYPAL is giving me a headache...When I try to withdraw from it, it says it doesnt support my country so I am not able to withdraw any cash .... DAMMMNNN !!!!

What else is good for payment method ?

 

[dnb8]

I think that only good method that you can use is MoneyBookers, also you can try to use $np for transactions...

 

[smak786110]

how about E-Gold ?
What exactly are they ?
Worth for domaining business ?

 

[BrandonG]

E-Gold is good, i've used it a few times. Or use moneybookers. Although if you use NP$ for transactions(EG buy NP$ from your paypal account) and then you can use NP$ for transactions or resell it for e-gold or moneybookers money. I've purchased a few NP$'s using e-gold before.

 

[Dotmainer]

yes, that with paypal is problem for some but at the other side,
most domainer here will confirm you, that they use paypal only for 'cheap' domains (1$-200$).
No-one will sell a 1000 $ domain through paypal, and escrow(.com) is not so expensive like most think.


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[Porte]

I am from Egypt, and the second best option -- after PayPal -- is MoneyBookers. Simply very low fees, whether for sending money / withdrawing money. So you avoid paying high fees.

Also note that it's very secure payment. I bet more than e-gold, e-gold is crap in my book. Moneybookers is the option if you are not supported by PayPal.

 

[Dotmainer]

sorry but seems like you created two same threads ? why ?

http://www.namepros.com/domain-name-discussion/380881-paypal.html

http://www.namepros.com/domain-newbies/380887-payment-methods-in-domaining-business.html

 

[Alex]

I also use mainly Moneybookers. safe, low fees, and reliable.

There is also ikobo bu I did not tried them.

 

[smak786110]

Porte- Why is E-Gold not good for you ?

 

[Porte]

Because e-gold is commonly used by scams. MoneyBookers is much more professional. And you can withdraw your money from Moneybookers through wire with a little fee. Unlike e-gold which is very hard to convert to cash.

 

[Alex]

Subscribe to what Porte said.

 

[smak786110]

hmmm.......But investing in E-Gold, isnt it good ?

 

[creator247]

I suggest doing moneybookers mate. It really is a very good system. Else I would do Neteller or the combination of E-gold-Stormpay because E-gold cannot be cashed out itself, but stormpay does accept it.

 

[jeremyshaw]

I only would try anything not paypal, if it hadn't been for most "top" websites only accept PayPal now. (what is the difference? Money is money is money)

 

[Erdy]

If you are going to spend the money for registering new domains you could use namecheap marketplace.

Anybody who has domains at Namecheap can sell them in their marketplace. It works very simple. Assuming you have listed a domain for 100 USD. The buyer opens himself a namecheap account. Then he pays 100 USD to namecheap and receives the domain in his account immediately. He can make the payment with credit card or paypal. You get 90 USD. Commission is %10. The money is added to your funds. If you have paypal you can transfer the money out but if you don't have then you can always use it to register new domains or to buy other things from namecheap.

I'm always registering new domains at namecheap. In a week I usually register 3 or 4 domains. I have never added any funds to my account for 8 months. The money comes from domain sales. I also add more years to the domains that I know I'm going to keep.

I have sold domains at namecheap more than anywhere else. I list the domains at namecheap but I do the advertisement elsewhere.

The best thing is that I don't have to do anything. In the morning I wake up and login to my account and I see another domain is sold. Its that easy. You don't need to talk to the buyer. You don't need to push the domain. You don't do anything except registering good domains that will sell.

If domain sales are not covering new registration costs then you should quit domaining. Namecheap is a great way for finance control. Just add 50 bucks at the beginning and try to build a huge portfolio with that.

One downside is that a listing expires after maximum 30 days. If you have lots of domains for sale like me, renewing listings every month one by one is difficult.