Undeveloped.com Experience

[JudgeMind]

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

 

[Abdillahi Abdillahi]

Also they are not a bank so your money with them is not insured. I don't expect Transferwise to go bankrupt but I read some accounts of people sending large sums and experiencing delays - that would be scary.

Come to think of it, Paypal is probably not insured.

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.

 

[DAN.COM]

Using Transferwise or similar might be a solution.

Also, when you start to receive larger payments through Paypal, Paypal normally want to re-verify you, or if you go over whatever the annual receiving threshold is for your country.

Selling a domain in installments on Undev would also be a way to keep each payment under 2k.

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

 

[Haykay2005]

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 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

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

 

[BRANDERX]

Hi Carob,

Also, keep in mind 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.

Fair, imo

 

[capybara]

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.

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.

 

[mirul]

Good to know. I'll be switching back to afternic from undeveloped as soon as possible.

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

 

[karmaco]

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.

 

[YairDD]

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

 

[DAN.COM]

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

 

[NYJimbo]

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

You're doing a wonderful job and we really appreciate all the improvements.

 

[tikime]

Hi Tiki,

When you sign-up to a service or marketplace, you are bound by the policy of that company. We have good reasons to set a limit on the payout options that we offer. Our policy changes frequently and the Paypal payout limit might increase in the near future.

Our support team informed you about the limit when you requested it and directly suggested many alternative payout options to resolve your problem. If you truly want to resolve the problem you're facing, I'd suggest finding an alternative way to receive your payout. Complaining here (like you informed us you would) won't force us to change our policy just for you.

Kind regards,

Reza

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!!

 

[equity78]

Also they are not a bank so your money with them is not insured. I don't expect Transferwise to go bankrupt but I read some accounts of people sending large sums and experiencing delays - that would be scary.

Come to think of it, Paypal is probably not insured.

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

 

[equity78]

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!!

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.

 

[tikime]

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.

that would be fine but it hasn't been offered, still waiting for replies from simon

 

[tikime]

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 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

"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.

 

[Jurgen Wolf]

I get paid through bank wire, I get charged $25 on every transaction by intermediary bank Undeveloped uses which effectively means i lose extra 10% on any deal that is around $250.

Sedo uses Commerzbank for wires...
Their SWIFT fee is 15 EUR or the same at USD conversion rate.

 

[ivbran]

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?

 

[NYJimbo]

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.

 

[legendarynames]

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.

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.

 

[equity78]

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.

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