Bacon Farmer
Top Contributor
Hi Guys hope you can help. I've just agreed to purchase a domain and don't know the seller. Is there an escrow service you use /recommend or other risk minimisation techniques?
Cheers
David
Cheers
David
re paypal,
OK for you as the buyer but not safe for the seller.
I have lost as a seller of domains via them.
1. Buyer paid - I transferred domain name A week later paypal pulled the funds saying the buyers account had been hacked. Lost the money and the domain name
2. Buyer paid, I transferred name - I'm happy buyer is happy.
Then two weeks later - paypal "investigates" buyers account and freezes funds before finally removing them(leaving my account in debit that I had to repay!!!!)
Luckily in this case buyer was honest, had no idea what paypal had done and repaid via money order and I didn't lose out - no thanks to paypal though.
A friend of mine also lost a claim with paypal as he could not prove that they had "posted" the domain to them in the mail. Whois screen shots and a letter from the registrar confirming the domain had been pushed to the buyers account did nothing to protect him as they just refunded the buyer.
As a buyer I use paypal a lot, as a seller Id be very wary of accepting payment via paypal from a new customer and I have never accepted payments over $500 via them even when I trust the buyer as paypal can muck around and freeze your account for any reason holding your funds for months.
I haven't sold an Australian name yet but for .coms I can recommend sedo and escrow.com. I will look into the suggestions above for the future for Australian sales.
What annoys me though is there is no real safe option for low value domain sales. If you are flipping a name under $100 there are no cheap, safe (for buyer or seller) options available (not just in Australia) paypal is just not safe for non tangible items and there is neither seller nor buyer protection on digital items.
A cheap safe option for non tangible items is needed.