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AbdulBasit.com

DomainsWeb.comTop Member
:heavy_check_mark: AbdulBasit.com
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Hello and Assalamo Alaikum,

It looks like Escrow.com is getting worse as the time goes by… After we all heard about Payoneer Escrow getting shut down so I started again Escrow.com which I had stopped due to their poor service.

I started couple of transactions at Escrow.com in a period of one week both for different domain and buyers. One of the transaction got completed on 30th August with last status “Inspection period ended, Buyer accepts merchandise.”

On 3rd September, I receive an email from their Payments department which says the following:

“Dear Seller, Unfortunately we do not support disbursement to accounts under First Century Bank, Payoneer accounts, or any other third party payments service. Please kindly select or add a new disbursement method. Please inform us when your disbursement information has been updated.”

This came as shocking to me. First, they should have at least informed all their clients that they no longer support disbursement to accounts under First Century Bank and/or Payoneer accounts. Secondly, even if they didn’t bother sending emails to every of their concerned client, they could’ve updated somewhere in the middle of transaction whenever they got aware of this new changes at their end. But their so-called great support team didn’t bother to inform and waited for the transaction to get completed.

I’m forced to complete my second transaction with them as the buyer just said yesterday that payment have been already made so I’m waiting for this to be completed as well. I just didn’t wanted to receive funds via wire that’s why I started Escrow.com to receive funds via Payoneer.

Instead of improving their service, they’re getting worse as the time is passing. Now I shall be looking for better alternatives who not only support payment via Payoneer but also other options like PayPal.

I’m sure there are plenty of domainers who likes to receive funds via Payoneer and are using Escrow.com so please make sure to either change your funds disbursement method or start using another better escrow service.

Now I’ve sent an email today for disbursing my funds via wire option which is the only one left for me to choose.

**NOTE**
In past, I've received good amount of funds in Payoneer account/card through Escrow.com several times.

It would be great to hear from fellow domainers which escrow service is very reliable, provides great customer support and offers several disbursement methods including at least Payoneer.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
Unstoppable Domains — AI StorefrontUnstoppable Domains — AI Storefront
Regarding BTC...
I don't see any buyers who are ready to pay using this method...
And for me - it is also not necessary... as almost all my expenses depend on FIAT transactions.
 
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Resellers are familiar with BTC. They know BTC and how to buy it with fiat. Most end-users don't know about BTC, where to buy BTC and how to send it to someone.
 
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I very very rarely sell my domains to another domainers.
 
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Me too. But there is a third category of buyers: half-reseller, half-end user. I am in this category when buying and selling. They pay higher than reseller, less than an end user. These people buy domain to develop but usually don't have lots of time to develop, end up with parking/reselling most of the domains they buy. Pure resellers never think to develop.
 
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I had the best experiences using coinbase
extremly fast and cheap
 
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Regarding various cryptoexchanges...
Their policies are also strict...
Not all countries are served equally... many are not served at all.
 
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I had the best experiences using coinbase
extremly fast and cheap

Don't keep large amounts of bitcoin in online wallets. Store it in cold wallets. Use secure systems like Linux in your business computer.
 
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Don't keep large amounts of bitcoin in online wallets. Store it in cold wallets. Use secure systems like Linux in your business computer.

sold domain in ETH / BTC
next day cash out to my local bank
took 1 day to show in my bank
due to a short time rise in those BTC/ ETH

no fees at all
 
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Yes, when you live in Germany - you have no problems in cryptoniche.
 
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Regarding "no fees"...
This is just temporary event...
As according to EU plans the cryptomarket will be regulated and taxed soon...
 
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Ignore. Already posted by others
 
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Regarding "no fees"...
This is just temporary event...
As according to EU plans the cryptomarket will be regulated and taxed soon...


It looks like @frank-germany is talking about fees of domain marketplaces. When he receives BTC/ETH, he pays no fees to marketplaces and he converts BTC into fiat money in 1 day.
 
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It looks like @frank-germany is talking about fees of domain marketplaces. When he receives BTC/ETH, he pays no fees to marketplaces and he converts BTC into fiat money in 1 day.

there are tiny fees like 3,5 or 10 USD when coinbase pays you
but as the bitcoins had risen in value
the same amount showed in my bank account
that I sold the domain for to a fellow Chinese domainer
 
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Yes, BTC in China and Japan is very popular.
That's why.
 
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And this only works when you know each other...
Incoming enduser will not pay you without escrow regardless of currency.
 
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@AbdulBasit.com try marketplaces that send payouts in BTC or account balance. I use namesilo for this purpose. If I withdraw as account balance I use the funds in renewals, new registrations and buying domains from namesilo marketplace, if I withdraw in BTC, I convert it into fiat or spend for hosting or buying domains and websites. BTC is accepted by many sellers. I rarely convert BTC into fiat to buy something online such as hosting.

Another marketplace that know is undeveloped. They claim they send payouts in BTC. I don't know how it works. You can keep your cash in BTC to buy new domains, can sell BTC to receive cash in your currency.

I heard epik accepts BTC but didn't try it, don't know if they send payouts in BTC.

Here on NP forums, we need a thread to be opened to get a list of all the domain marketplaces that send payouts in BTC. It would be very beneficial to the NP community.
 
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When dealing with NameSilo, Undeveloped and Epik - loss is 5% or higher...
This is not suitable for 4/5F sales definitely.
 
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And NameSilo works only for their own domains, which are registered at NameSilo.
 
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