NamesCon2020

Sedo buyers don't pay

Located in Domain Marketplace Reviews started by topdom, Aug 19, 2019.

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1,118

  1. Jurgen Wolf

    Jurgen Wolf Top Member VIP ★★★★★★★★★★

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    Since 2015 I list only some BIN-domains on Sedo.
    For all others (~99%) - I prefer the direct negotiations... and if agreement is reached - then Sedo escrow to finish it.

    Regarding DAN...
    Just within 1st year I got even more non-payers comparing to what I had on Sedo for many years.
     
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  2. legendarynames

    legendarynames Upgraded Member Gold Account

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    If you have a BIN on DAN, the buyer has to pay upon checkout, or the order won't complete. So the notion of a non-payer in the case of a BIN, doesn't exist.
     
  3. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    don't become paranoid
    nobody treats you special

    buyers get used to pay late
    just accept it
    or cancel the deal
     
  4. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    5 days
    before the first reminder

    which is lame


    DAN does the first reminder after 24 hours
    looks like they split-tested it
     
  5. mAd MaX

    mAd MaX Established Member

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    I never had any problem with @Sedo , they are very trustworthy imo.

    Sales don't complete sometimes due to unforeseen reasons, that doesn't mean Sedo's fault
     
  6. Jurgen Wolf

    Jurgen Wolf Top Member VIP ★★★★★★★★★★

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    According to the archived threads in my Transfer Center - their system sends reminders on 3rd and 6th day automatically.
    Never have seen any 5 days.
     
  7. 70ym

    70ym Established Member

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    No, This only apply to sedo because only sedo can buy a domain without payment. Other marketplace must pay when buy a domain.
     
  8. tonyk2000

    tonyk2000 Top Member VIP ★★★★★★★★★★

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    Quote from one of my unfinished sales:

    Me: ... please cancel the transaction

    Sedo transfer agent: This case will be passed today to our accounts receivable department. They will try to force the buyer to pay by explaining him the possible consequences in case of cancellation due to non-payment.

    (quote end)

    I think there is something in German law that makes the above 100% acceptable. At least if the buyer is also in Germany or maybe in EU...
     
    Last edited: Aug 31, 2019
  9. Jurgen Wolf

    Jurgen Wolf Top Member VIP ★★★★★★★★★★

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    Never had issues to cancel such failed transactions on 7th or later day just via comment to my transfer agent.
     
  10. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    QUOTE="Jurgen Wolf, post: 7376017, member: 108298"]According to the archived threads in my Transfer Center - their system sends reminders on 3rd and 6th day automatically.
    Never have seen any 5 days.[/QUOTE]



    upload_2019-8-31_19-39-50.png

    upload_2019-8-31_19-41-33.png
     
    Last edited: Aug 31, 2019
  11. tonyk2000

    tonyk2000 Top Member VIP ★★★★★★★★★★

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    @frank-germany - what does the attachment say? German looks like Chinese to me :)
     
    Last edited: Aug 31, 2019
  12. Jurgen Wolf

    Jurgen Wolf Top Member VIP ★★★★★★★★★★

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    Mar/10/19 Payment status
    Please be informed that we have contacted the buyer in regards to the outstanding escrow payment that is needed in order to proceed with the transfer. You will be contacted immediately upon receipt of more information.

    Thank you for your continued patience.


    Mar/07/19 Payment request created for buyer
    We have created a payment request for the buyer and requested payment from them. The transfer will commence upon receipt of this payment.


    Do you see 3rd day automatic reminder?
     
    Last edited: Aug 31, 2019
  13. tonyk2000

    tonyk2000 Top Member VIP ★★★★★★★★★★

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    Just checked my acct. history, it shows 1st reminder always on +3 days. 2nd reminder almost always in +3 extra days (with one exception, where it was 5th day). Maybe it also depends on holidays or weekends...
     
  14. frank-germany

    frank-germany domainer since 2001 / musician Gold Account VIP

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    View attachment 127926

    View attachment 127927 [/QUOTE]


    13th august
    sale

    5th august I wrote
    please send reminder

    sedo answer :
    the buyer is a long term customer and used to pay in the past

    his due day is 5 days after the sale
    we will inform you after payment received

    thanks for your patience

    29th august
    payment received
     

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