Sedo.. Confused about selling.

[rupert]

I've received an offer for one of my parked domains through Sedo.
The offer seems fair, but I think I'd still like to move it to auction for the excitement of it.

The thing that confuses me though is the entire payment/transfer process.

I mean, once someone wins the auction, how do they send me the funds? Where do the funds go? Into my little Sedo balance? Do I have a choice of how they pay me? How do I transfer the domain? When do I transfer the domain?

Before I start this auction I really want to have atleast some idea of what to expect. Maybe a brief step-by-step guide to selling a domain on Sedo.


I've taken a look on Sedo's site but it all seems very vague..


Thanks

 

[John Doe]

Buyer will pay to Sedo and you will receive money from Sedo. You can set up your payment options under "payment details" at your Sedo account. If Sedo will receive money, their transfer agent must send you instructions. You will push domain to Sedo account.

 

[rupert]

Okay, thanks, I'm still a tad unsure on a few things but I'll start the auction anyway.
If I run into problems I'll post them here

 

[Sameh]

Okay, thanks, I'm still a tad unsure on a few things but I'll start the auction anyway.
If I run into problems I'll post them here

What you still not sure about it ? you can ask here.

 

[rupert]

I already have a smallish amount of funds on my Sedo account from parking revenue.
Will the money that the buyer sends be added to this? (Meaning I'll be able to happily leave it there until I want to transfer it to my bank/paypal?).


How would I transfer the domain to Sedo?

 

[Sameh]

I already have a smallish amount of funds on my Sedo account from parking revenue.
Will the money that the buyer sends be added to this? (Meaning I'll be able to happily leave it there until I want to transfer it to my bank/paypal?).

No, your parking revenue will be sent apart from your domain sales funds. I think the minimum payout for parking revenue is 60 EUR.

How would I transfer the domain to Sedo?

They will ask you to unlock the domain and send Auth-Code then they will forward it to the buyer to start transfering his domain. You can also ask Sedo to push the domain in case the buyer is familiar with it. If domain push will be the choice, you will push it to Sedo account at your domain's registrar then they release your payment.

 

[John Doe]

Minimum parking payouts are $20 via PayPal and $50 via bank wire. Don`t worry about transfer - when buyer has made his payment, your transfer agent will email you detailed instructions.

 

[hadisi]

Very good thing!Trade domains at sedo is very smoothly.

 

[rupert]

Wait.. Help. There's a problem..


The auction has now ended and I have received confirmation that the buyer has sent the payment to Sedo.


Sedo has now sent me an email asking me to do three things:

1. Unlock the domain.
- Done

2. Change the administrative email address to Sedo's email address.
- Problem. The domain is at Whiz.in and it seems that when you change any of the registrant/administrative information it applies the change to ALL of your domains. -- Does anyone who is familiar with Whiz.in know how to change details for just ONE domain?

3. Finally it asks, "When all of these preparations have been completed, please send a confirmation email along with the authorization (EPP) code and we will instruct the buyer to initiate a transfer request from his/her registrar."
- To what email address do I send this "confirmation" email? The same address that I received this email from? Does there need to be any other information or just the authorization code?


Thanks

 

[John Doe]

Just click on your domain name or link "Domain Name - Click to Manage" and then "Modify Contact Details". That way you should be able to change contacts for this domain.

Reply to Sedo email that domain is unlocked and contacts changed + give them EPP code.

 

[rupert]

Hi thanks but no luck. With Whiz.in that modifies ALL my domains.


Help!

 

[John Doe]

I hate their controls, horror. Try that way: Domains - Domain Registration - Contact Management - Add.
Add new contacts, go back to domain and choose appropriate from drop-down menu.

 

[gymcard]

Very good thread

Something us newbies need to know

 

[rupert]

Ok thanks john, sounds like a good idea.


-

I have now successfully added a new contact with Sedo's email address, but now when I click on "Change registrant details" for the domain, Whiz.in gives me this error:

[r2] Error Message: 'contactvector' is an unknown bean property of 'com.logicboxes.anacreon.beans.formbeans.ModDomFormBean'





...I'm considering deleting this extra contact I've just made, (which appears to be the cause of this error), and then have the email change applied to all of my domains at Whiz.. Then once they've taken the domain, change all the email addresses back. Would this be a huge mistake?

 

[John Doe]

...I'm considering deleting this extra contact I've just made, (which appears to be the cause of this error), and then have the email change applied to all of my domains at Whiz.. Then once they've taken the domain, change all the email addresses back. Would this be a huge mistake?

If you still didn`t succeed I would recommend to put support ticket. They should respond quickly.

 

[rupert]

Waiting for my response from Whiz

 

[killerbees]

Very interesting .....Thanks

 

[Idees]

Any update on this Coward?

 

[rupert]

I didn't seem to get a response from Whiz, so instead I tried a different browser and that seemed to stop the error from occuring.

With the administrative email successfully changed I then sent the confirmation email to Sedo as per instructed.

Shortly after that, I received an email from Sedo saying that the buyer would like the domain pushing to their Whiz.in account. Inside this email were the buyer's whiz.in details.

I pushed the domain to the buyer's Whiz.in account with the details provided.
When I check whois.sc I now see that the whois has changed, so I know the transfer has completed and was successful.

Since pushing the domain I haven't heard a thing.
No emails and no payment to my PayPal account yet.

When I go to Sedo.com > "My Sedo" > "View Transactions" it says " Buyer found. Transaction in progress... 2008-02-18".

Is it normal for the funds to take so long? Or maybe I've made some huge mistake somewhere along the line..


Sorry for having not updated this sooner.



EDIT- I have just read this on Sedo:

How long will the transfer (transaction) take?
On average from an agreement being reached, to the seller being paid we estimate around 15 to 25 business days, for top level TLDs. Many ccTLDs take longer than this due to the different rules involved in their transfer.

So it looks like this wait is normal

 

[rupert]

Still waiting for the payment..