NameSilo

Undeveloped.com Experience

Located in Domain Marketplace Reviews started by JudgeMind, Nov 12, 2015.

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  1. Abdullah Abdullah

    Abdullah Abdullah Devuu.com Moderator Gold Account VIP

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    I have been using Payoneer for years and also have their ATM. They are good though their support isnt. Undeveloped does really take all the necessary steps to make payment to the sellers so I am sure Tiki, being in Canada too, can find another way to actually get paid.
     
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  2. Reza

    Reza Founder @ Undeveloped.com Undeveloped Gold Account

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    Hi Carob,

    We already support Transferwise (without any limit). Just request it from your escrow agent and we'll process it.

    All sellers that realize how flexible we can be, benefit greatly from Undeveloped. You can ask for anything, if we can make it happen, we're very facilitating.

    Also, keep in mind that we can offer our competitive escrow fee for a reason. We can offer unlimited Paypal payouts, but then you have to pay for the extra fees.

    So even today, we can process a $100k payout via Paypal, but the seller has to pay for the conversion fees etc if that's prefered.

    Lastly, as far as I know, we're the only escrow party that covers the Paypal payout fees. To be able to offer this we simply have to have a fair use policy in place.

    Kind regards,

    Reza
     
    Last edited: Jun 12, 2019
  3. Haykay2005

    Haykay2005 Top Member VIP

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    Its good you can do transferwise. Don't you think adding it to your payout option is better ? So sellers can select it permanently. Thanks
     
    Last edited: Jun 12, 2019
  4. MS-Domains

    MS-Domains Top Member VIP

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    Fair, imo
     
  5. Don Gondon

    Don Gondon Established Member

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    If 2000 is the limit, would it be possible to split payouts into series? E. g. 10k total results in 5 payments of 2k each.
     
  6. mirul

    mirul NameSifu.com VIP ★★★★★★★★★★

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    @onni Is there any limit of payout via paypal at Afternic?
     
  7. karmaco

    karmaco Top Member VIP

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    I would like to see the Transferwise option as a button. Much prefer that to having to ask everytime. PayPal has its limitations (10 K max payment) and wire transfer is a solid choice. I had good easy transactions using Transferwise. Would chose that if button is created. There should really be a button for all options.
     
  8. YairDD

    YairDD Established Member

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    TransferWise is amazing and should be added as a button on its own
     
  9. Reza

    Reza Founder @ Undeveloped.com Undeveloped Gold Account

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    We hear you guys, as always :). First, we're implementing Payoneer (that's already planned) and after that, we could also integrate Transferwise as an automated option.

    As you know, we'd love to be flexible in how we work with you guys but we can't change our processes constantly based on individual requests.

    Kind regards,

    Reza
     
  10. NYJimbo

    NYJimbo Domain Re-Animator VIP

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    You're doing a wonderful job and we really appreciate all the improvements. (y)
     
  11. tikime

    tikime Established Member ★★★★★★★★★★

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    There is no where on your site that shows you only payout 2000 if there was I would never have opened an account at undeveloped.com, you owe me $3600!!
     
  12. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    What is not insured by FDIC with my other PayPal accounts?
    When you enroll in PayPal features that include pass-through insurance (currently only available to select U.S. customers in beta), funds held in USD will be eligible for FDIC coverage. FDIC insurance does not apply to any funds in your PayPal Cash Plus balance that are held in non-USD currencies. If you convert your PayPal Personal Account into a PayPal Business Account, your funds will no longer be held in our custodial accounts and will no longer be eligible to receive the benefit of FDIC pass-through insurance protection.

    https://www.paypal.com/us/smarthelp...by-fdic-with-my-other-paypal-accounts-faq3592
     
  13. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    Looks like you can get more than one payment,

    @Reza said, So even today, we can process a $100k payout via Paypal, but the seller has to pay for the conversion fees etc if that's prefered.
     
  14. tikime

    tikime Established Member ★★★★★★★★★★

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    that would be fine but it hasn't been offered, still waiting for replies from simon
     
    Last edited: Jun 12, 2019
  15. tikime

    tikime Established Member ★★★★★★★★★★

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    "So even today, we can process a $100k payout via Paypal, but the seller has to pay for the conversion fees etc if that's prefered." - OK that's fine, pay me with PayPal and i will pay the fees.
     
  16. Jurgen Wolf

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

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    Sedo uses Commerzbank for wires...
    Their SWIFT fee is 15 EUR or the same at USD conversion rate.
     
    Last edited: Jun 12, 2019
  17. ivbran

    ivbran Established Member

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    Undeveloped is awesome. Except for one thing:
    I can't see buyer details during negotiation. All I see is a username. Email/phone number are hidden.
    @Reza, any plans to change that?
     
    Last edited: Jun 12, 2019
  18. NYJimbo

    NYJimbo Domain Re-Animator VIP

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    So is Transferwise kind of like a bank account ? I just opened my account today, as I like to have as many options as possible.

    Does UnD put your money there and then you withdraw with a TW mastercard or do you have to then forward it elsewhere ?

    Any info would be appreciated.
     
  19. legendarynames

    legendarynames Upgraded Member Gold Account

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    It's the same as having multiple bank accounts in various currencies. You can hold and exchange balances in dozens of currencies, though you have exclusive bank accounts in only 4 or 5 of them.

    You can spend with the TW card or transfer to another bank account, including TW accounts.
     
  20. equity78

    equity78 Top Member TLDInvestors.com TheDomains Staff PRO Gold Account VIP ★★★★★★★★★★

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    Good article here https://www.telegraph.co.uk/money/transferwise/how-does-it-work-and-is-it-safe/
     
  21. carob

    carob Top Member VIP ★★★★★★★★★★

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    Hi really we are talking about three services:

    1) Straight currency exchange/transfer at way better rates than banks - sender sends from their bank to yours via Transferwise.

    2) Virtual bank accounts in currency of your choice. You pay well under 1% exchange rate to move money from one currency account to another and can move it to your own real bank account as a straight transfer, each transfer costs a tiny fee (under $1 USD). These are bank accounts, they may be insured, unlike the above transfer service. You can have people pay invoices to these accounts.

    3) Optional debit card on above virtual currency accounts.

    Saved me mid xxx on one transfer in USD, didn't have to accept being wired funds in GBP at forced exchange rate - instead I received an ACH payment in USD.

    Bank transfers within EU are essentially free, similar to ACH, so a Euro account should be easy for Undev to send to.
     
    Last edited: Jun 12, 2019
  22. tikime

    tikime Established Member ★★★★★★★★★★

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    Thanks for pointing that out, i finally got payed but they charge me 4%
     
  23. tikime

    tikime Established Member ★★★★★★★★★★

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    My First and last Sale on undeveloped.com - finally i got payed after many messages, email and posts here via PayPal and undeveloped charged me $131.04 which is 4% on top of their 9 % fee.

    @Reza said, Lastly, as far as I know, we're the only escrow party that covers the PayPal payout fees. To be able to offer this we simply have to have a fair use policy in place.

    I been selling domains on Sedo.com for over 12 years with no problems using PayPal and can receive payments up to 10,000 us with no fees of any kind.
     
  24. legendarynames

    legendarynames Upgraded Member Gold Account

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    Are you really comparing SEDO to Undeveloped? The company with the worst customer service and outrageous fees which hasn't done anything new in the last 10 years?

    Undeveloped isn't perfect and the Paypal limit should be on their FAQ. At the same time, you're doing a self inflicted wound by sticking to one single form of payment when multiple reasonable and cheap methods are on the table. Domaining is also about learning and being curious, and I'm sure others here jumped on the alternatives such as Transferwise when they read about them.

    It really gives the impression that you're stuck in time and enjoys complaining.
     
  25. NYJimbo

    NYJimbo Domain Re-Animator VIP

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    I couldn't have said it better. (y)
     

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