Sedo Escrow help

[fh08]

I have a buyer who wants to buy my domain using sedo escrow. My domain is not listed or parked at sedo (parked and registered at netsol). I don't understand how the fee system works though for the escrow. This transaction is below $500. Is the fee 3% or is there a min. $50 fee? Any help will be appreciated. Thanks.

ps: also does the buyer pay the fees in this case automatically?

 

[Len]

This may help:

Sedo offers an External Escrow service for agreements reached outside our marketplace, in which we will help facilitate the escrow of funds and the transfer of the domain name. In order to expedite this process, both the buyer and seller must first create free Sedo accounts so that Sedo's complete Terms and Conditions are acknowledged. If you or the other party do not yet have free Sedo accounts, you can register here.

Once both parties have created and confirmed their Sedo accounts, please send the following to [email protected] (this can be sent by either the buyer or seller):
Seller's Sedo username
Seller's email address
Buyer's Sedo username
Buyer's email address
The domain being sold/purchased
The agreed sales price
Party responsible for the 3% escrow fee*

*Sedo's 3% commission fee for external escrow requests can be paid by either the buyer or seller. It can also be split between the two parties.
The transaction details will be entered into our database once all required information has been received. You will be assigned a transfer specialist who can help with this process and answer any questions you may have. For more information on the general transfer process, please visit Sedo's Transfer/Escrow Service overview.

I believe there is a min charge of $50 on most tld's.

 

[fh08]

Thank you. So, if I understand correctly, there is a $50 fee in addition to the 3% fee.

 

[Len]

Thank you. So, if I understand correctly, there is a $50 fee in addition to the 3% fee.

No, there is a min of 3% or $50 whichever is the higher.