Your experience with a nonpaying buyer and steps to counter it??

[virtualstore]

Hi pals,

yesterday i sold a domain at Gd and today i got a mail that "If buyer defaults then reach at me as i can take the name at Half of your sold price."

Now i know we domainers have to face Non paying buyers quite often in my case it is 2/10 sales.

The dark side is the auction platforms do not do anything-- Sedo reveals the identity of the defaulter and GD canceled the membership. But the pain is suffered by us.

So what are your experiences? How many times buyer has befoolen you by their commitments??

 

[Greg]

I've had 3 sales fall apart in the last 3 months. In all of those cases I gave the potential buyer a deadline date that the price would be honored until. Once that date passed I renewed the name for another year and raised the price. I sell my domains to cheap anyway.

Right or wrong? Only time will tell.

 

[Kate]

yesterday i sold a domain at Gd and today i got a mail that "If buyer defaults then reach at me as i can take the name at Half of your sold price."

I hope it's not the same person.

 

[Jasonn]

I hope it's not the same person.

it most likely is or at least another person working with them to get domains on the cheap.

 

[SpareDomains]

I get plenty of tire kicker emails but only had a few non completed transactions once a buyer confirmed over the last 10+ years from external markets like Sedo, etc...

Most of the domains I've sold never had any issues as most were sold direct through my own site and I don't price low so most wishy washy buyers would have been scared off by my pricing before confirming the deal. I don't sell a ton of domains but higher quality domains/prices seem to bring higher quality leads with less chance of flaking out.

As far as what to do not much ya can do if sale came from an external market. Sedo will give ya their info, some others will close their account etc... Be fun to make a point and sue everyone that Sedo gives you their info on as I have a little blacklist built up from over the years but you'd spend more time and $ then it's worth. So guess the best ya can do is don't count/spend the money till it's in your bank especially when dealing with middleman marketplaces.

 

[RazorNF]

There's really no way to prevent yourself from a non-paying bidder at GD.

Those who do it regularly are likely using bogus details whenever they create a new account for this purpose. And the second bidder, or the main account is the one that is doing all the buying.

Like sparedomains mentioned, at least at Sedo, they give a few details about the buyer so you can somewhat make an assessment based on the age of the account.

But for me, GD is where much of my activity is nowadays - and I've personally changed a big chunk of my portfolio to premium fixed-price listings there, so I don't have to deal with anything.

Though that isn't going to stop the unsolicited emails from people with similar domains, or an offer to buy outside the marketplace - I just ignore them.

 

[biggie]

:talk:

they are not a buyer... until after sending payment.