Dynadot

Whats the consequences for instant transfer upon sale

NameSilo
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1,254
I haven't signed up for instant transfer of my names for sale with my registrar because I am leary of someone using a bogus credit card for purchase, is there any safeguards to this I usually wait to transfer for a while till
cc clears, although I would imagine the auction sites and registrars who use this pre-qualify buyers, has anyone had this issue when selling domains yet, thank God all my buyers have been legit to date
Thanks
Joe T
 
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Addison

Top Contributor
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I usually wait to transfer for a while till cc clears
This wouldn't help you because chargebacks can be filed 30-90 days after the transaction, depending on the credit card company. 30 days is the shortest I've ever heard of.

I would imagine the auction sites and registrars who use this pre-qualify buyers
They don't pre-qualify them at all, but I'm guessing they'd bite the bullet by covering the cost if this happened and you made a (public) announcement about it.

It's not guaranteed though. It's always wise to use an escrow company.
 
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The AfternicDLS Fast Transfer system has safeguards in place that ensure you'll either get paid, or get the domain back if there's been a chargeback/fraudulent transaction. If you are talking about a COA after payment outside of a marketplace, then I think escrow should be the way to go since you have no good way as an individual to make sure a payment is good due to long chargeback times.