What is digipawn and how does it operate?

[domainman101]

From what it looks like, it is a pawn shop for domain names? Usually pawn shops have extreme interest rates, and people use them in times of need. Most times the items go uncollected. I am guessing money is loaned on only the best domains, and if the domainer gets behind, major win for the pawn shop. How is this legal, and regulated?

 

[mis_chiff]

I do my own appraisals.

You deal with .ca's as well, right? (I can't remember :red: )

 

[Charley]

I can tell you for a fact that we are cheaper if you need money for 1-100 days. If you need cash to capitalize on another deal, I'm your guy.

What's the max limit you loan ?

 

[Rick Latona]

What's the max limit you loan ?

All loans are month-to-month so there is no technical limit but it would get real expensive if you let it go on for too long.

 

[BlackDiamond]

What if you have no valuable domain names to pawn? Does DigiPawn permit regular loans?

 

[MicroGuy]

What if you have no valuable domain names to pawn? Does DigiPawn permit regular loans?

I think it's safe to say...."No".

 

[ekal]

What if you have no valuable domain names to pawn? Does DigiPawn permit regular loans?

Same as if you went into a real pawn shop. You can't pawn air ...

 

[xman]

I do my own appraisals.

If i'm not mistaken you own Croydon.com and it is now in Sedo Auction. I just sold Croydon.TV recently for $500 at Sedo.

At what price would you value Croydon.TV?

 

[Rick Latona]

If i'm not mistaken you own Croydon.com and it is now in Sedo Auction. I just sold Croydon.TV recently for $500 at Sedo.

At what price would you value Croydon.TV?

Honestly, I don't have a clue about .tv values. I'm not saying it doesn't have value. I'm just not the guy to ask.

 

[namenut]

I signed up, at DigiPawn, but have not submitted any domains.
I realized I was interested in the evaluation ($$$) I would get
so I chose not to abuse the service.

I might be concerned about people using this as an appraisal service of sort.
( I almost did ) And it seems this might be a good appraisal service
when you consider "Rick's" knowledge in the industry.

Or will the domain owner be able to quote the values given
by the application process? I wonder how Rick/DigiPawn feels about this?
I might assume all agreements (offers) would be private.


I think the service is a good tool for developers needing capital.
As well as a great model for Rick/DigiPawn.
I would consider using the service if the negotiated terms and conditions were amicable.
Or if I had a project in need of funding I could not otherwise secure.
Then of course a name with enough value to fund said project.

Now there's an observation! I thought he worked so hard just for the fun of it.

..... you know -RJ- is paying us to be here.
Are you getting your checks too? J/K


Just a note.
"I would pay a membership fee at any time needed. I'm sure many NPs members will agree!
-RJ- has never asked that I know of. He has chosen the path of innovative pro-active marketing."


namenut

 

[xman]

Thanks for your honesty Rick.

By the way the look and feel of NP now is much more pleasant than the previous one.

 

[Rick Latona]

I signed up, at DigiPawn, but have not submitted any domains.
I realized I was interested in the evaluation ($$$) I would get
so I chose not to abuse the service.

I might be concerned about people using this as an appraisal service of sort.
( I almost did ) And it seems this might be a good appraisal service
when you consider "Rick's" knowledge in the industry.

Or will the domain owner be able to quote the values given
by the application process? I wonder how Rick/DigiPawn feels about this?
I might assume all agreements (offers) would be private.


I think the service is a good tool for developers needing capital.
As well as a great model for Rick/DigiPawn.
I would consider using the service if the negotiated terms and conditions were amicable.
Or if I had a project in need of funding I could not otherwise secure.
Then of course a name with enough value to fund said project.



..... you know -RJ- is paying us to be here.
Are you getting your checks too? J/K


Just a note.
"I would pay a membership fee at any time needed. I'm sure many NPs members will agree!
-RJ- has never asked that I know of. He has chosen the path of innovative pro-active marketing."


namenut

Anyone signing up just to get valuations will be quickly dissapointed. I expect people to tell us what they want to borrow. This isn't a free appraisal service.

 

[Charley]

Same as if you went into a real pawn shop. You can't pawn air ...

:D