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Sedo refused to delete fraudulent listings. This is

Located in Domain Marketplace Reviews started by decode, Jun 9, 2019.

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  1. decode

    decode Established Member

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    Sedo refuses to delete fraudulent listings. This is another reason why this industry can't get mainstream trust. If one of the top domain name brokerages refuses to make sure the correct owner lists domain names for sale then the entire marketplace on their website is a joke.

    I informed sedo that someone had listed one of my domain names and asked them to remove it and verify that the person who posted it wasn't listing other peoples domains for sale.

    They refused to remove the listing.

    Imagine telling RE/MAX that a home for sale was listed by someone other than the owner.

    Do you think they would take more than 5 minutes to remove the fraudulent listing?

    Now since this person has listed my domain well below market value what does a prospective buyer think when they pull up this information on sedo? This has diminished the value of my domain name.

    Since sedo is facilitating this reduction in value by letting people list other peoples domain names they should also be willing to pay for the reduction in value of the name.

    Note: This is an area that undeveloped.com stands out as an industry leader. Anytime I have found a name of mine listed on their site they remove it right away once notified. So if you buy a name at auction or buy a drop and find that it is listed by someone else they handle it right away, same day, every time.

    If we have 40 or more domain owners who have had sedo refuse to delete fraudulent listings and have had sedo bring down the value of their names with their insufficient ownership listing requirements we could join together for a class action suit.

    It's 2019 and an industry leader like sedo still can't verify ownership records prior to listing domains. Anyone with experience in other industries can see how this deflates the value of all names for all investors because market trust is minimal at best.
     
    Last edited: Jun 9, 2019
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. moe

    moe Established VIP

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    I think they can verify the ownership but you have to add it for sale first, then you add your unique verification code to DNS records.
     
  3. Jurgen Wolf

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

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  4. Jurgen Wolf

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

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    And such issues are not about the fraudulent listings...
    But regarding the previous registrants who don't clean their accounts at Sedo, Afternic, Uni, Bodis, ParkingCrew etc.
    Too hard task for them to remove the dropped domains.
     
  5. onni

    onni Upgraded Member Blue Account

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    I left sedo years ago when they started redirecting my landing page traffic to scam sites.
     
  6. Skyvisum

    Skyvisum Top Member VIP

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    Sedo is too lazy.When i try to list a new acquired name,/they tell me to verify .I reply telling them even if i have sold and used their platform to close a sale,it is their job to have everything in place and make verification easy.I cant be doing this all the time.I dont depend on them as their are other marketplace for me to list my sales and they listen right away to remove old listings and list mine.

    Once i tell them i aint begging them to help me sell and i am not losing a sale without them,/then they go do their whois check and then write me to say they have listed my names.

    I once deleted all my names there as i cant stand their crap and once I can have a good platform,i would only use them for their escrow .

    They should check whois;delete the name asap and then your name is not undervalued.
     
  7. voiceofreason

    voiceofreason Established Member

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    Found it impossible get my domains listed unless they were carefully verified by Sedo.
    Are you talking about old listings from former registrants?
     
  8. CJ6

    CJ6 My favorite movies are too offensive now. Whimps. VIP

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    I thought mine was the only ones. When I tried to park with them, it was forwarded to crappy sh*t sites. I learned quickly not to park with them.
     
  9. decode

    decode Established Member

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    Just a follow up note: Sedo gets to claim it is the previous owners not removing the listing. This creates an environment where scammers can ride those excuses. There is no proof it is a previous owner. Scammers can use an api to follow dropped names that get registered and then list them for sale with no consequences.

    For domains to get proper mainstream acceptance as digital real estate there needs to be a chain of title that is verified prior to any listing for sale. This isn't a smart idea it is just common sense.
    Talk to 100 regular business owners about domains and the apprehension they have about "ownership and "value" can all be solved by having a solid industry with proper chain of title rules regarding sales.

    If sedo is notified of a fraudulent listing it is their legal obligation to remove it, especially as an American based business, like there are rules to follow that have been established that supersede the in house rules sedo is using. It is actually illegal for them to list property that isn't actually for sale or wasn't authorized by the actual owner of the property.

    There is a reason that over the last few years most of the big companies (namejet, sedo, flippa, godaddy) have had scandals: rigged bidding, fraudulent listings, etc.

    Proof of ownership prior to listing a domain for sale that is verified on any drop and at every renewal date is the minimum standard. Without that there is no real industry, just a group of people who understand the value of domains and overlook all the shady tactics of many industry leaders. So much money is being left on the table.

    Another reason the top domain investor (@DomainKing) of all time said he won't deal with anyone but the actual owner of a domain name when he is buying.

    Where would the real estate industry be if the previous owner or some complete stranger could just list your home for sale with no proof of ownership?
     
  10. carob

    carob Top Member VIP ★★★★★★★★★★

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    When a name actually drops, a few days before that Sedo removes it from your account and tells you by email. But that does not apply to domains that change hands, including at Godaddy auctions or closeouts.

    Sedo redirecting parked pages to scam sites is something they call zero-click, you can ask them to turn it off for all your domains, but then you still get the useless ad-filled Sedo landing pages instead of a nice make offer landing page.

    Sedo had a one star rating until recently on Trustpilot, then suddenly a strange wave of positive reviews began appearing, plus a lot of the negative ones now say they are being reviewed or removed due to complaints from Sedo.
     
  11. Jurgen Wolf

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

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    This was discussed on NP 100 times...
    If you want to disable Tier2 backend at Sedo completely per account - ask them via LiveChat or ticket.
     
  12. Jurgen Wolf

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

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    To be listed, Sedo requires TXT/CNAME record or their nameservers or WHOIS must be publicly visible - so why you create this abnormal panic from nothing???

    Toxic former registrants/sellers - another theme at all.
    And it is related to many platforms.
     
    Last edited: Jun 13, 2019 at 4:54 PM

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