PayPal, Non-Escrow Alternative for receiving payments on domain sales?

[tomcarl]

Was wondering if any pro-active domainers here that contact end users have used or consistently use another payment option other than PayPal or Escrow?

Escrow is good for sales 500 and up, for smaller sales I usually use PayPal but it's not good to keep all of your eggs in one basket. I was considering suggesting Google Wallet for payment on my next sale and see how it plays out. Wondering if anyone else is doing this already and what your experiences are?

 

[venturefile.com]

I use Ecop.com a lot as they accept and pay out to Paypal..

 

[tomcarl]

Thanks but I meant all Non-Escrow in general. eCop is an escrow service. Like an instant direct-payment, something suitable for $100 or less.

 

[tomcarl]

I was considering Skrill but I think at this point and time Google Wallet by name alone would probably be the most comfortable brand to present to an end user.

 

[dkmk22]

I'm from Europe and Skrill is the most convenient mode of payment available to almost everyone with their services like Skrill Master card which is linked with your available balance and can be used in ATM's around the world, for payments on POS terminals, online transactions etc..

BUT, don't mention Skrill to your potential buyers! From my personal experience Americans are not familiar with that mode of payment (moreover, I think it's banned in some US countries), whenever I said I prefer payments via Skrill they were like 'Wait a moment'. I noticed that from that instance they started to be a little suspicious, and I even lost some sales because they changed their mind. To date I have never had a single payment via Skrill by people from USA.

 

[tomcarl]

^ That's exactly what I'm concerned with. Trying to keep end users as comfortable as possible with dealing with you is part of the selling process but I just hate the fact of leaving an entire business model in the hands of a single company.

I'm hoping Google will start doing some mainstream advertising for their Wallet, I think that's PayPal's best future competitor, and eBay knows it which is why they demerged PayPal and putting more commercials for PP than ever before.

 

[discobull]

I received a $2k payment for a domain this year using the "square cash" service. It's an almost instant bank to bank transfer and they use your atm card number for the withdrawal and deposit of money. It was totally free for both of us. Caveats are, that it only works for US to US bank transfers and it's not supposed to be used for business transactions. In my case, it was the customer that suggested using it so there was no issue of possibly making him uncomfortable, but I doubt many other people would be willing to pay this way unless you have an established relationship.

I think Dwolla offers a similar service, but they charge 25 cents and they do allow business transactions. I've never yet used them so I can't comment on how good they are.

 

[biggie]

short answer, no
you want to exemplify professionalism, so always mention a recognized service and term, like "escrow".

long answer....

once an end-user drove to my house to make payment in cash $,$$$
once an end-user sent payment via western union
once I sold a domain to my employer and owner gave me a check.




imo...

 

[tomcarl]

Thanks but again...

The point I'm trying to make is if anyone had experience with suggesting another payment facilitator other than PayPal/Escrow, like Google Wallet for lower-priced sales.

Using an Escrow service for a domain selling for high $xx - low $xxx could actually work against you if you're dealing with an end user who isn't all that paranoid, has the money and is short on time.

I've actually had an end user change his mind after explaining the escrow service for a low $xxx sale when I first started out, sometimes it can be too involved.

Obviously I'm not asking about which eWallet payment should I request for a $x,xxx sale, and escrow is to always be used for both buyer and seller protection on those.

 

[RapidNames.com]

Highly Recommended Bodis.com for Escrow. i had great time with them. Quick & Trusted. Matt is great guy.

Other than now i accept Bitcoin (Value of $). 0% fees.

 

[jideofor]

I once used wire transfer... Though risky but I got the money in my account.

 

[cdboard]

there is a billion-dollar company that a lot of people have heard of, that facilitates payment and transfers.

godaddy.

have the domain in your godaddy account and listed in their auctions as 'make offer'. have the buyer make an offer there.

for domains under $1,000 , tell the buyer that godaddy takes payment AND moves the domain into the buyer's godaddy account.
that's low risk for the buyer and very easy for the seller.


iirc, G takes 10%

 

[tomcarl]

Only problem is, GoDaddy sends payment for auctions via PayPal I believe, defeats the purpose.

 

[discobull]

Only problem is, GoDaddy sends payment for auctions via PayPal I believe, defeats the purpose.

Godaddy also pays by direct deposit.

 

[Viqta]

Godaddy also pays by direct deposit.

I don't think so, sire. If you're not using PayPal to receive payment on GoDaddy Auctions, you will have to use Good as Gold, which is really nothing more than a mechanism for storing a balance for future purchases on GoDaddy. I just found out after registering for Auctions membership yesterday.

 

[discobull]

I don't think so, sire. If you're not using PayPal to receive payment on GoDaddy Auctions, you will have to use Good as Gold, which is really nothing more than a mechanism for storing a balance for future purchases on GoDaddy. I just found out after registering for Auctions membership yesterday.

Actually, Godaddy has paid me several times by direct deposit. When you add a payee to your Godaddy account, the available options are paypal, Electronic funds transfer (EFT), and good as gold. EFT puts the money directly into your bank account. Mind you, I don't know if they offer that to residents of all countries so that might be why you don't see it.

 

[cdboard]

here's what I see when looking at the options for editing or adding a payee:

check
electronic funds transfer (EFT)
paypal
good as gold

 

[Viqta]

Actually, Godaddy has paid me several times by direct deposit. When you add a payee to your Godaddy account, the available options are paypal, Electronic funds transfer (EFT), and good as gold. EFT puts the money directly into your bank account. Mind you, I don't know if they offer that to residents of all countries so that might be why you don't see it.

You are probably right. The available options may be dependent on country of residence.

 

[Name Trader]

I don't use them, although I have an account. But don't Skrill have an escrow service which costs $1 extra for domain purchases?

 

[12345]

I would recommend Stripe. They don't offer an invoice option like PayPal, but it's as easy as copying and pasting a little bit of code on an html page if you don't want to go the online store route...