.co PREMIUMS on SEDO 6h left SEX.CO $ 25.000 - $ 50.000 + HOT.CO (not me) = BAD SRATEGY

[Domainstore]

Hello,

On Sedo there are still 6 hours left for 2 PREMIUM-domainnames / domains => (and I have below some remarks on the strategy of Sedo that I don't like).

HOT.CO domain => reserve brtween $ 5.000 - $ 9.999 (currently $ 500 bid).
http://www.sedo.co.uk/auction/auctio...56&language=us

SEX.CO domain => reserve between $ 25.000 - $ 49.999 ( currently 7 bids, highest reserve price not reached yet.
http://www.sedo.co.uk/auction/auctio...60&language=us

What I find VERY STRANGE NOW and a BAD STRATEGY of SEDO is the following =>

1/They ask you to REGISTER with fax etc...a procedure during the week (in weekends they're closed), to bid higher then $ 10.000 .The consequence is of course....that now a premium domain, like SEX.CO stucks at $ 10.000 and isn't reaching the reserve.

2/When you go simply to the Sedo site and go to the buying section, auction section, you have to click on the "inventory" of the " Great Domains " -auction.
In the past it was better = you could also simply go the general (all auctions busy) and see the domains of the Great Domain along-auction too. If you now go to
=> This is diminishing the visibility of the Great Domain auction

3/And if you click on the left on Great-domains-auction, you get not the inventory, but a "reminder to do member-certification".
Because you have to send documents to bid along for $ 10.000 and more to bid $ 25.000 !
This is not relevant for hot.co, but for sex.co this is very relevant of course. But that takes several days of time to be approved !!

Anyhow, let's see what happens
:wave:

 

[mikeowoicho]

I really don't understand what you're saying.
Not ok with sedo's certification process? Then you should have certified/verified your account long before now.

 

[Kate]

I have declined to verify the account because the process is too intrusive imo.

 

[mikeowoicho]

You want to bid for a domain of $10,000 and you don't want to prove your for real? Lol

 

[Domainstore]

1/The point is that I didn't verify or upgrade, in the past, and when you see f.i. an in teresting name, and it's only 6hours left => you can't do that upgrade or verification process quick enough.
2/The verification process is discriminating

 

[mikeowoicho]

1/The point is that I didn't verify or upgrade, in the past, and when you see f.i. an in teresting name, and it's only 6hours left => you can't do that upgrade or verification process quick enough.
2/The verification process is discriminating

Well YOU chose not to verify your account ever since it was created, and I don't think sedo allows an unverified account to operate for more than 1wk or so.
As for your second point, you re very right, sedo doesn't treat all parties equally. Different verification processes for different countries. It sucks. I had to send so many documents before I could verify my account. Tbh

 

[Kate]

You want to bid for a domain of $10,000 and you don't want to prove your for real? Lol

They know I'm real since I've a member for a long time. I have bought and sold dozens of domains there. All for more than 10K.

 

[alien51]

I believe the requirement for identity certification above $10,000 transactions, is a control against money laundering.

If the Feds suspect that you are paying drug money via some stupid domain sale, they will kick down the door of your apartment.

 

[xpimp]

If i want to pay more then 10k for domains on Sedo, then i would prepare my account for such actions before i want to make any move. There are some situations when you can have all the money in the world but some small details, which if they are not executed at the proper time, can destroy your opportunity that comes along.