Sedo buyers don't pay

[topdom]

About half of buyers don't pay anymore. Sedo protects them, but doesn't protect sellers. Does the same happen to you? I warned Sedo many times about many things, and they basically said : you don't have to stay here. So maybe it is time to leave.

I suspect this might be a personal thing, like a Sedo employee blocking payments by contacting buyers and saying, your bid was too high, don't pay and nothing will happen; or not sending emails when the seller is me. Or it might be a race thing, although I'm white. Or there is an economic crisis affecting many, but then this must happen to everyone else.

What I'm most paranoid about it is: A domain service gets an inquiry for my domain, and offers fraction of their offer to me at Sedo and acts as a middleman, and when the actual buyer doesn't pay, they don't pay either. In this case Sedo's fault would be not showing their IP, and after cancellation, not showing their email.

 

[Jimmysun]

When I first time using Godaddy I listed a domain with $50k and then after a few days I saw the selling list is empty, so I asked GD online support what happen was that? they respond to me and said it looks like someone placed an order, so I asked them why not sending an email to me at least notice me that I got an offer? They said definitely they will send an email to me but the truth is not. After finished contacting with support guy 2 days later the buyer cancels the order, how mystery.

 

[gilescoley]

Pardon me with an evil thinking: As a registrar when they found a buyer placed a buy it now order for a large amount on a domain name say like XBOX, will the registrar recommend or promote a domain like XCUBE(their own domain) for a cheaper price in an email(looks like not intentionally), so the profit is way more than commission, so the buyer turns into that cheaper one?

Try listing a name like XBOX and see what happens, its a trademark and it will get rejected

 

[legendarynames]

I would gladly deal with a buyer (and have done so, actually) outside SEDO and discount their commission. If they are willing to pay upfront and send a wire or pay with crypto, I don't see a reason why not to accept. It's just a rare circumstance as it doesn't provide security to the buyer.

 

[wizard]

I had lots non payers on the .uk ror but i just move on it happens all the time on all platforms and with agreed deals

 

[tonyk2000]

I would gladly deal with a buyer (and have done so, actually) outside SEDO and discount their commission. If they are willing to pay upfront and send a wire or pay with crypto, I don't see a reason why not to accept. It's just a rare circumstance as it doesn't provide security to the buyer.

If the buyer explicitly mentioned Sedo (or any other marketlace for that matter) - then I beleive they should receive their commission. They did the job (found the buyer). So they should be paid. Lets look into it from another side - what if you provide brokerage services, or resell something, in domaining or not, and have appropriate authorization from the owner to do so. One day, you found a buyer. What if the buyer tries to deal directly with the owner and you will not be paid as the result?

 

[tonyk2000]

If they are willing to pay upfront and send a wire or pay with crypto, I don't see a reason why not to accept.

Crypto should be considered safe, but wires... I heard that there are offers on undernet blackmarket - hacked online banking accounts, for a %%% of available balance. So it is not impossible to receive stolen funds by wire.

 

[legendarynames]

Crypto should be considered safe, but wires... I heard that there are offers on undernet blackmarket - hacked online banking accounts, for a %%% of available balance. So it is not impossible to receive stolen funds by wire.

You're overreacting. It's extremely unlikely that a wire will be reverted because someone's account was hacked, save the case where you, as recipient of the funds, was involved in the fraud. It's the type of situation that is so unlikely that you can treat it as a practical impossibility.

 

[Jurgen Wolf]

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.

 

[frank-germany]

About half of buyers don't pay anymore. Sedo protects them, but doesn't protect sellers. Does the same happen to you? I warned Sedo many times about many things, and they basically said : you don't have to stay here. So maybe it is time to leave.

I suspect this might be a personal thing, like a Sedo employee blocking payments by contacting buyers and saying, your bid was too high, don't pay and nothing will happen; or not sending emails when the seller is me. Or it might be a race thing, although I'm white. Or there is an economic crisis affecting many, but then this must happen to everyone else.

What I'm most paranoid about it is: A domain service gets an inquiry for my domain, and offers fraction of their offer to me at Sedo and acts as a middleman, and when the actual buyer doesn't pay, they don't pay either. In this case Sedo's fault would be not showing their IP, and after cancellation, not showing their email.

don't become paranoid
nobody treats you special

buyers get used to pay late
just accept it
or cancel the deal

 

[mAd MaX]

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

 

[Jurgen Wolf]

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.

 

[70ym]

Hi


It is unfortunate but every day there are sales which Sedo has to cancel whether due to the buyer or the seller, this also applies to every other marketplace and is not limited to just Sedo.

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

 

[tonyk2000]

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...

 

[tonyk2000]

@frank-germany - what does the attachment say? German looks like Chinese to me