Sedo Auctions

[budlight]

What stops someone from listing a domain they don't own at sedo? I'm interested in buying a domain on there, but really its too good to be true, but say it was real, I wouldn't want to miss out. I'm just curious how exactly buying on sedo works, their whole site seems kinda unprofessional to me.

 

[networkmsia]

Well its called Escrow.

Firstly, to buy a domain in Sedo, you must be a Verified buyer. It can be easily done by SMS to your phone, or credit card.

Then, search for the domain you wish to buy, and make an offer. Minimum purchase is $60.

If the seller decides to sell, you pay the money to Sedo. And the seller push the domain to Sedo.

Then Sedo will pay the seller, and the domain will be pushed to you.

 

[budlight]

Well its called Escrow.

Firstly, to buy a domain in Sedo, you must be a Verified buyer. It can be easily done by SMS to your phone, or credit card.

Then, search for the domain you wish to buy, and make an offer. Minimum purchase is $60.

If the seller decides to sell, you pay the money to Sedo. And the seller push the domain to Sedo.

Then Sedo will pay the seller, and the domain will be pushed to you.

yeah of course, but the scam I see is that sedo can be making interest off of money they hold in limbo. Therefore, I see no reason for them to insure that the seller actually owns the domain. I'm already verified and winning this auction, but I don't think the sale is going to go through. I mean the site is only around 100k in alexa, but to me it is worth every bit of what I have bid for it.

 

[gazzip]

Sedo verifies ownerships of the domain before it is listed on their site for sale, however....the are names that are still listed as for sale on sedo but the domains are "very likely" to have been sold ages ago.

The name Atlantis.com would be an example of one I beleive - the whois says it is owned by Kerzner International Resorts. They will not be selling that name IMO, it was probably never removed by the previous owner.


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[S-L-O-W]

What stops someone from listing a domain they don't own at sedo? I'm interested in buying a domain on there, but really its too good to be true, but say it was real, I wouldn't want to miss out. I'm just curious how exactly buying on sedo works, their whole site seems kinda unprofessional to me.

Uhmmm..... perhaps you shouldn't be buying any domain names or hell just leave the damn industry if you can't figure out how Sedo works from checking out there site. Just a thought... and there's nothing unprofessional about how their site looks.

Cheers,

James

 

[budlight]

Sedo verifies ownerships of the domain before it is listed on there site for sale, however....the are names that are still listed as for sale on sedo but the domains are "very likely" to have been sold ages ago.

The name Atlantis.com would be an example of one I beleive - the whois says it is owned by Kerzner International Resorts. They will not be selling that name IMO, it was probably never removed by the previous owner.


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well I tried listing a domain my self, as this domain was originally just a listing, and it didn't require any verification for me to list a domain I own. I just won the auction for ~1000, but I'm still wary of this, as the domain is for a small retail chain (~40 stores). I'm not really sure if it's yet safe to disclose what the domain was. I honestly still think this is too good to be true, but who knows. I just don't understand why a chain would sell its domain. It seems to me they would make more money just redirecting it to their new site.

So if someone takes a domain to the auction phase it does in fact require verification?

Uhmmm..... perhaps you shouldn't be buying any domain names or hell just leave the damn industry if you can't figure out how Sedo works from checking out there site. Just a thought... and there's nothing unprofessional about how their site looks.

Cheers,

James

I have no interest in going into the domain industry, its just that this is a developed domain that is very close to a site I already own.

 

[networkmsia]

Well, the only way to know is to contact the owner yourself.

You can extract the information of the domain owner at whois.net

 

[ilcesco]

I have another question about Sedo.
I know it's been around for some time now, but I came across it only today.
Looking at this page: http://sedo.co.uk/search/searchresult.php4?listing_type=auctions_only

It seems that ~90% of the ending soon domains have at least one bid on it. That looks too good to be true. Is sedo applying some kind of filter that shows you only the listing that have already received a bid, in order to let the people list their names or is it real?

 

[gazzip]

you need to have a bid on it before it can enter the auction (although Prime names can be listed with sedo's approval without first having a bid made)

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[budlight]

I dunno, I just don't see sedo as very "open" about the whole process. If I did get this name, I would be very happy with them though. I wish they at least showed some kind of seller rating (and not a made up one), or made the seller host a page on the domain saying that it was for sale, with a meta tag they could verify.

Well, the only way to know is to contact the owner yourself.

You can extract the information of the domain owner at whois.net

well the domain owner is listed as some network services company, I wonder if they auction off domains on unpaid accounts? I mean I guess they might technically own it, instead of the people who run the site owning it. It seems like an slippery legal area to me.