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advice Worried about a potential scam in this forum.

Catch.Club

abcuser123

Established Member
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4
Hi all

I recently bought a domain at a low price and sold it here at a higher price. The problem is, the buyer and seller of the domain is from the same organization. I was wondering, why would a person sell a domain at a low price and then offer to buy it back at a higher price...unless... it may be a scam? We transact using Paypal so I was afraid after I transferred the domain, he would file for a chargeback in his account to get his buying fees back.

It's my first domain sale but now I am kinda worried that I am a target for scam. What should I do?

Any advice would be appreciated, thanks!
 
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DrJacoby

Who killed Laura Palmer?Top Member
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You could use Escrow.com instead of Paypal.
 
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These is a possible explanation that has happen to me as well!
The seller may forgot to unlist the domain from all marketplaces, and he may had an offer from a buyer, after he had sold the name to you.
 
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LoveCatchyDomains

Daring to LiveTop Member
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Any update on what finally happened? Did the sale go through smoothly?
 
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abcuser123

Established Member
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Yes, thank God the sale was ok! Thanks for your concern!
 
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LoveCatchyDomains

Daring to LiveTop Member
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Yes, thank God the sale was ok! Thanks for your concern!
So, perhaps in some cases, the best opportunity for a subsequent sale might be the original seller?! Glad it worked out for you.
 
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abcuser123

Established Member
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It's very weird though in my opinion. But whatever it is, I am glad it is an honest sale!
 
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LoveCatchyDomains

Daring to LiveTop Member
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It's very weird though in my opinion. But whatever it is, I am glad it is an honest sale!
Well, as a previous owner, if he had received an offer for a much higher amount, I would hope that would instead have been passed on to you. It is unclear why the buy back happened. Hopefully, it was otherwise simply going to be a loss for the individual, if they were in trouble for trying to sell a domain that they no longer owned.

Congrats, in any case, on the sale.
 
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abcuser123

Established Member
Impact
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I did not make a lot of money though from the sale. But a sale is better than no sale and paying renewals year after year in hopes of an end user interest in the domain!
 
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