Undeveloped.com Experience

[JudgeMind]

Has anyone used undeveloped.com to sell domains? They claim to be able to increase a domainers sales by 54%.

 

[creataweb]

yes epik does.. so does sedo or gd and some others basically pay you any amount to paypal (maybe gd has cap of 5k I think)...

yea I know what you meant by withdrawing smaller chunks.. what I said is that buyer decides to file chargeback with credit card.. it won't matter if you withdrew 1k at a time or all 5k... there will still be consequences to chargeback... not really to you.. cause undeveloped eats the losses they say... but they'll still have to return the 5k to buyer... it won't matter how you withdrew it to yer paypal.

True but UD will take that risk regardless of how I'm paid I guess lol.

 

[alcy]

True but UD will take that risk regardless of how I'm paid I guess lol.

lol
yeah good point.
now I'm bit confused lol

ok @Undeveloped
maybe you can clarify all this here officially...

for example.. how come you can pay out say 5k via bankwire to seller.. even when buyer pays via credit card... are you still then not at same risk of chargeback as if you paid it out to sellers paypal?? I mena if you say you always eat the losses in case of chargebacks, then how does it matter how you payout sellers... confusing

also, can you clarify all situations where seller would be able to get paid more than 2k to his paypal? example.. if buyer pays 5k sale using his bank accnt (wire) .. or by BTC... do you then payout more than 2k to seller paypal?? any other payment methods from buyer that can allow for > 2k paypal payout to seller? thanks!

 

[wizard]

I do still like undeveloped but the support replying is now taking much longer now ie more than 3hrs to respond to a message etc i use to get replies with in a hour now its more like next day maybe time for more staff

 

[alcy]

i received some further clarification by email from support.. about paypal payments etc.
thought I'd save Reza some time and mention some of it here..so he does not have to answer my questions twice:

it turns out the entire issue is extremely complex and has very little to do with chargebacks etc.. at least not credit card payment chargebacks which they say are fair and reasonable process... and its more about paypal chargebacks (when buyer pays with paypal)... which means that on undev any buyer can only pay up to 1k using paypal...

but above all things, paypal payout limitations have to do with the extra charges which add up fast for them.. when they deposit funds from europe etc.. (like I said, pretty complex)... such as 2% conversion rates from eur to usd.. etc etc.. cause they gotta preload paypal accnt before payouts etc..

they say in future when they open US based branches etc... the limits should be raised.. for now, to preserve profit margins etc... its not possible to payout more than 2k to paypal.

its all of course understandable. me I just wanted to know how to prepare myself for sales above 2k... and while they are willing to work with you with some extra methods... skrill, netteller credit card loading or what not.. those are not optimal for me personnally... nor optimal for them too Im sure... so until they raise their payout limit for paypal.. I may need to look elsewhere with > 2k sales when they happen... cause due to the deposit conversion fees I mentioned above, mass payments, etc.. they won't pay you more than 2k to paypal even if buyer pays with chargeback bulletproof method such as Bitcoin.

all in all I am glad I by pure chance started to investigate their paypal payout limits.. cause I am used to sedo and godaddy.. afternic.. which either have no limits or much bigger ones.. but I do understand where undev is coming from. we all need our profit margins.

hope this helps!

 

[Laguna]

So if you make a sale above 2k can you be paid straight into a bank account ?

 

[alcy]

So if you make a sale above 2k can you be paid straight into a bank account ?

yes from what I understood the payout limits only apply to paypal payouts. but if you want ot confirm, you can email them.

 

[loredan]

I do still like undeveloped but the support replying is now taking much longer now ie more than 3hrs to respond to a message etc i use to get replies with in a hour now its more like next day maybe time for more staff

You gotta be kidding, right?
So you complain that support replies to you in about 3 hours? You should try Afternic FFS...

So if you make a sale above 2k can you be paid straight into a bank account ?

Of course you can. The limitations are only for PayPal.

 

[wizard]

You gotta be kidding, right?
So you complain that support replies to you in about 3 hours? You should try Afternic FFS...



Of course you can. The limitations are only for PayPal.

Afternic are always quick for me and they do sell far more domains

 

[loredan]

Afternic are always quick for me and they do sell far more domains

Well, won't argue with you but I never ever received a reply from AF in 3 hours or less... it usually takes more than 24 hours. Guess you're one of the lucky ones

 

[ricksinfoshop]

Just sold my first name at Undeveloped.Incredibly smooth and quick experience. Very attentive responses from Undeveloped staff.

Waiting for payment, will post details at that time in the report completed sales thread.

Congrats man! did the sale go through?

 

[singhhooda]

i received some further clarification by email from support.. about paypal payments etc.
thought I'd save Reza some time and mention some of it here..so he does not have to answer my questions twice:

it turns out the entire issue is extremely complex and has very little to do with chargebacks etc.. at least not credit card payment chargebacks which they say are fair and reasonable process... and its more about paypal chargebacks (when buyer pays with paypal)... which means that on undev any buyer can only pay up to 1k using paypal...

but above all things, paypal payout limitations have to do with the extra charges which add up fast for them.. when they deposit funds from europe etc.. (like I said, pretty complex)... such as 2% conversion rates from eur to usd.. etc etc.. cause they gotta preload paypal accnt before payouts etc..

they say in future when they open US based branches etc... the limits should be raised.. for now, to preserve profit margins etc... its not possible to payout more than 2k to paypal.

its all of course understandable. me I just wanted to know how to prepare myself for sales above 2k... and while they are willing to work with you with some extra methods... skrill, netteller credit card loading or what not.. those are not optimal for me personnally... nor optimal for them too Im sure... so until they raise their payout limit for paypal.. I may need to look elsewhere with > 2k sales when they happen... cause due to the deposit conversion fees I mentioned above, mass payments, etc.. they won't pay you more than 2k to paypal even if buyer pays with chargeback bulletproof method such as Bitcoin.

all in all I am glad I by pure chance started to investigate their paypal payout limits.. cause I am used to sedo and godaddy.. afternic.. which either have no limits or much bigger ones.. but I do understand where undev is coming from. we all need our profit margins.

hope this helps!

You have confirmed that a payout of $2K is maximum if Paypal is used.
I have confirmed that a buyer can pay maximum $1K via Paypal.

 

[Optimal Names]

Congrats man! did the sale go through?

Yes, all complete now. Details over in https://www.namepros.com/threads/report-completed-domain-name-sales-here.83628/page-678#post-7065765

Reference sale. Wish they were all like that one!

 

[Tecany]

An other sale on undeveloped and I love the support there. First time the buyer laught at us and the transactiion got canceled and this time a women from the same city negociated on this domain. Payment took time but undev kept contacting the buyer to make sure he paid and it was bank delay. After the payment, the buyer name changed for the same that got canceled...

 

[Jurgen Wolf]

"Domain not found" error when trying to import lead on .life domain for escrow (5%).
So I have sent to the buyer the traditional direct link (9%).

And why "Phone" field is mandatory???
Most leads don't provide me their numbers.

 

[Jurgen Wolf]

How exactly this Import works for the reached agreements?
Domain must be added into user's account and only then (as 2nd step) Import is possible?
With Sedo escrow it is not required to add the domain into account prior the escrow request.

 

[Jurgen Wolf]

"Domain not found" error when trying to import lead on .life domain for escrow (5%).
So I have sent to the buyer the traditional direct link (9%).

And why "Phone" field is mandatory???
Most leads don't provide me their numbers.

How exactly this Import works for the reached agreements?
Domain must be added into user's account and only then (as 2nd step) Import is possible?
With Sedo escrow it is not required to add the domain into account prior the escrow request.

Yes, looks that Import works only as 2nd step (when the domain was already added into account).
I have initiated it...

 

[DAN.COM]

@Undeveloped, how about "Add to cart" feature or you charging $5 (or so) per additional domain in bulk domain transfer in a single transaction?

For an example, If I have 3 domains (variations of same domain) to sell to end user for $150 each in a single transaction, I will need to send 3 links to end user to buy the domains, out of which he might buy only 1 or 2 as it would require him to submit 3 transactions.

How about seller paying $5 per additional domains (2 additional domains) in that transaction?

So $450-$10 ($5 * 2) = $440

OR

You can implement "Add to cart" feature, so buyer can add those 3 domains in a single transaction?


This mechanism can make things productive?

Hi Singh,

Great feedback, we've made a note of this.

"Domain not found" error when trying to import lead on .life domain for escrow (5%).
So I have sent to the buyer the traditional direct link (9%).

And why "Phone" field is mandatory???
Most leads don't provide me their numbers.

If you get the error "Domain not found" that means that the domain isn't listed in your account with us.

Adding a phone number is not mandatory, fill in 000000000 if you don't have one.

We need to be able to contact buyers via multiple communication sources. If a buyer doesn't respond via email, we have to have an alternative way of reaching the buyer to ensure payment is submitted timely for example.

How exactly this Import works for the reached agreements?
Domain must be added into user's account and only then (as 2nd step) Import is possible?
With Sedo escrow it is not required to add the domain into account prior the escrow request.

Indeed, you can only import a lead or transaction if the domain is listed in your account.

 

[JudgeMind]

Just got my first buyer backing off after negotiated the price amd I acceted his counter offer. They informed him that he accepted and is legally binded to it and he laughed at them saying he will not respect anything.

I think undeveloped handle the case well enought.

I've had 7 non-paying buyers in the last few months. Its very frustrating.

 

[Jurgen Wolf]

Yes, multiple domains per single escrow transaction is a feature from category "MUST HAVE".
This should be implemented for at least 3 domains.

 

[Jurgen Wolf]

I've had 7 non-paying buyers in the last few months. Its very frustrating.

The only one solution here...
Sell your domains just using simple Contact Form - the volume of non-payers is minimal in this mode.