question ####.xyz was sold for $14,915 with a 12-month installment plan!

[789.xyz]

But why am I only receiving $901 per month? Afternic's fees are ridiculously high! Since this domain has received multiple inquiries since last year, I'm considering canceling the transaction.

 

[alcy]

didnt u know fees and what u will get b4 agreeing to sale?

 

[DN_Hunter]

Find out about the TAX of $372.88 -- is that a one-time charge, or do you have to pay that each installment ($372.88 x 12 = $4,474.56 for TAX???)

Are you on BOOST or No-BOOST?
Were your Nameservers pointed to Afternic Accepted NS, or elsewhere?

 

[Blueleaf66]

Nice name.

 

[alcy]

Wow, it's amazing to see a .xyz domain sell for $14,915 with an installment plan! This really highlights the growing value and interest in premium domains. The flexibility of an installment plan can make such high-ticket domain names more accessible, which is great for entrepreneurs or businesses looking to make an impact. If you're thinking about buying or selling a domain, staying updated on market trends is key. For more insights on domain sales and tips, visit HekateSwitch.

pissoff

 

[Jannes]

That tax is total amount, so the commission seems to be 25%.

 

[Armageddon]

If you cancel the deal your account will be ban

 

[silentg]

Congrats on the sale, use the money to acquire more great domains.

What LTO terms did you have set up?
If the buyer had chosen 13 or longer, you would've saved $ on commission.

 

[alcy]

Congrats on the sale, use the money to acquire more great domains.

What LTO terms did you have set up?
If the buyer had chosen 13 or longer, you would've saved $ on commission.

does it work same way as lto did on dan??? if so then buyer would pay extra for 13 plus lots

most buyers will not be excited to do this

 

[silentg]

After checking it's only 5% discount if it's 13 months.

​

Lease-To-Own​

For Lease to Own (LTO) Domain Sales, the standard commission rate of 25% ($15 minimum) or the reduced commission rate of 15% ($15 minimum) are subject to commission discounts, based on the length of the Lease to Own Term the buyer selects

• 0 to 12 months: 0% commission discount
• 13 to 24 months: 5% commission discount
• 25 to 36 months: 10% commission discount
• 37 to 60 months: 15% commission discount

https://help.afternic.com/s/article/What-are-your-fees-commissions

 

[DomainRecap]

Seems like you're paying 27.5% commission, which would translate into the jacked 25% fee for not pointing to Afternic + a 2.5% LTO fee.

Remember, don't accept any offer at Afternic until the potential fees have been outlined to you.

 

[DN_Hunter]

Seems like you're paying 27.5% commission, which would translate into the jacked 25% fee for not pointing to Afternic + a 2.5% LTO fee.

Remember, don't accept any offer at Afternic until the potential fees have been outlined to you.

I Just learned more about this -- seems they had to pay a TAX based on where the Buyer/Seller are located. So it looks like a 2.5% LTO fee that is Taxable -- in this case it looks like it was a 10% TAX -- but only on the COMMISSION that GD is taking.

$14,915 SOLD price
$14,915 x 25% commission = $3,728.75
Commission x TAX RATE (this case looks like 10%) = $3,728.75 x 10% = $372.88

$11,186.25 -- (this is 75% of the selling price)
$11,186.25 / 12 = $932.1875

TAX is spread out over the LTO payments = $372.88 / 12 = $31.07 subtracted from each payment

$932.1875 - $31.07 = $901.12

 

[789.xyz]

After careful consideration, I ultimately decided to proceed with the deal. The domain is Aion.xyz

 

[Future Sensors]

After careful consideration, I ultimately decided to proceed with the deal.

You simply need to adhere to the agreement.

 

[789.xyz]

By the way, I also want to announce a deal I made last year for 7,000 USD, with the domain eeee.xyz.

 

[m97777]

But why am I only receiving $901 per month? Afternic's fees are ridiculously high! Since this domain has received multiple inquiries since last year, I'm considering canceling the transaction.

Show attachment 268545

Great Domain! Congratulations

 

[alcy]

By the way, I also want to announce a deal I made last year for 7,000 USD, with the domain eeee.xyz.

Show attachment 268590

u know with lto many dont complete.. so your main worry should be not fee but buyer paying...

ps how many xyz u have???

 

[DomainNature]

Wondering for how much Swetha would sell it to end shiple.
edit: or maybe Swetha bought it from you so she sell it later for thousands.

 

[Name2go]

I Just learned more about this -- seems they had to pay a TAX based on where the Buyer/Seller are located. So it looks like a 2.5% LTO fee that is Taxable -- in this case it looks like it was a 10% TAX -- but only on the COMMISSION that GD is taking.

Thanks guys for opening this thread and analyzing the stuff.
It seems there is a new, mysterious tax experience and a commission boost.
Why don´t they disclose buyer/seller location and legal basis if they forward Godaddy tax?

I have a similar case:

There is a new LTO sale in my Afternic account. First time since I am Afternic customer there is a tax of ca. 5% of the sale price.

I´d like to know why this LTO is taxable and why the seller has to pay tax and not the buyer, just to understand. However, the onsite explanation and the Rep infos I received are very general.

Thus I am asking here: Did Namepros colleagues experience a taxable sale on Afternic?

Price 3,298.00 USD
Payout 2,316.96 USD
Commission 824.40 USD (25%)
Tax 156.64 USD (19% of commission; this rate is (e.g.) German VAT)

 

[scithe]

Interesting. I wonder if the owners of Aion Online, NCSoft, bought this domain in which case, amazing dodge on a UDRP!

I didn't think that game was still around. It looks like they filed a new trademark related to development https://www.trademarkia.com/aion-87062884