NameSilo

What payment methods do the domain sellers prefer?

Labeled as question in Domain Buying and Selling Discussion, started by NameFit, Sep 18, 2016

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  1. NameFit

    NameFit NameFit.com - Right Name, Right Price

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    What payment methods do the domain sellers prefer? Paypal or Bank Account or ?
     
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  2. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    Or Escrow ?
    Paypal can be reversed and it's not recommended for big amounts with people you don't know/trust.
     
  3. NameFit

    NameFit NameFit.com - Right Name, Right Price

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    Thanks. The question is more about final payment method like escrow.com can pay through Bank Transfers right now, Sedo can pay through Paypal and I think bank too. I am trying to get assessment as to what is preferred way to have money in the pocket (Bank / Paypal / ?)
     
  4. todaygold

    todaygold Top Contributor VIP

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    Cash. Cash is always good. B-)
     
  5. Dominic Belley

    Dominic Belley Four Letter Acronyms VIP

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    When I get paid on Escrow, I always go with check because there are no fees unlike a wire transfer.
    That is the only payment platform I can decide. GoDaddy/PayPal is always bank transfer.
     
  6. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    Escrow, then ACH if you have a US account.
     
  7. NameFit

    NameFit NameFit.com - Right Name, Right Price

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    I think most have Paypal, is there anyone who cannot accept money through Paypal?
     
  8. stub

    stub DNStore.com PRO VIP ★★★★★★★★★★

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    If it's a big respected company like Sedo or Afternic, I prefer PayPal because they can be trusted and I can use the funds for renewals. I think they both pay by mass pay, ie without deducting PayPal fees. Which is also a bonus. Bank account is also fine but I usually get hit by some hefty wire charges, from Escrow.com. So on balance I prefer PayPal from a large company.

    But I think the question is poorly constructed. Because I would never accept PayPal from a person I don't know..Then it would go thru Escrow.com. I never use direct bank payment for my sales. So my answer would be different depending on the payee. PayPal or Escrow would be preferred choices overall.
     
  9. NameFit

    NameFit NameFit.com - Right Name, Right Price

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    Hi Stu, I guess the question is, from an escrow company (not an individual), would you prefer to be paid by paypal or directly into bank account. I understand most can accept Paypal, but I am trying to find out are there are any domain sellers who cannot accept paypal.
     
  10. stub

    stub DNStore.com PRO VIP ★★★★★★★★★★

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    Yes. Most domainers from PayPal restrict countries such as Iran. I'm not sure of who else is in that restricted list. India was also once a problem, IIRC.

    I would prefer to be paid by PayPal from Escrow.com, but AFAIK, both buyer and seller need to be in US, and both using PayPal, for them to allow that. AFAICR.
     
  11. NameFit

    NameFit NameFit.com - Right Name, Right Price

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    In India, they cannot keep the money in Paypal, the money goes directly to bank account and vice versa.
    I just cannot think of any country where people cannot use Paypal.
     
  12. stub

    stub DNStore.com PRO VIP ★★★★★★★★★★

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  13. Jurgen Wolf

    Jurgen Wolf Top Contributor VIP ★★★★★★★★★★

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    There are many countries which can't receive and/or withdraw PayPal...
    Ukraine for example...
     
    Last edited: Sep 19, 2016
  14. Jurgen Wolf

    Jurgen Wolf Top Contributor VIP ★★★★★★★★★★

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    But even if PayPal will be available for me in full - I prefer Wire Transfers.
    PayPal - just for parking earnings.
     
  15. SpareDomains

    SpareDomains Jay VIP ★★★★★★★★★★

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    ACH through Escrow
    PayPal through respected third parties.
     
  16. Amzymayor

    Amzymayor Established Member

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    We are not allowed to receive payment via PayPal in Nigeria too. But is it possible to use payoneer's global payment (the bank account that comes with the card) to receive payment?
     
  17. imadoer

    imadoer Top Member PRO VIP

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    depends on the deal for me escrow if above 500 unless i trust you then paypal and for Chinese sellers some prefer alipay or dn
     
  18. Domainatic

    Domainatic Established Member

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    Well,till now I have used escrow.com only...safe payments...heard they had some issues a while ago,but I did not face any.. :)
    also now Payoneer has come into action...so it would be nice to see the reviews it gets...
     
  19. baseballworld

    baseballworld Restricted (Market)

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    I use escrow, bank or i can do credit cards.
     
  20. Suny01

    Suny01 Established Member

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    I have using to get payment by cheque. It is very safe and complete secure.
     
  21. Denismth

    Denismth Established Member

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    How about Payoneer?
     
  22. stub

    stub DNStore.com PRO VIP ★★★★★★★★★★

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    Payoneer went down in the eyes of domainers when they started and then stopped their Escrow service. They could have been a real challenger to Escrow.com for domain sales, but sadly, it wasn't to be :(
     
    Last edited: Sep 13, 2019
  23. ak1985

    ak1985 Established Member

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    I prefer direct transfer in my bank account. UPI payments is nice with no fees. I hate PayPal and it's policy. It also charges high amount of fees. But unfortunately there is no other option than that for international payments for small amounts. For big amounts we cannot trust paypal so Escrow is there. I do not know how well Payza works and how many people use it.
     
  24. ak1985

    ak1985 Established Member

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    Pakistan too i think.
     
  25. Jurgen Wolf

    Jurgen Wolf Top Contributor VIP ★★★★★★★★★★

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    In Turkey PayPal is also limited...
    If I recall correctly...
     

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