Somebody contacted me regarding buying a domain I own and I was wondering if somebody can advise how to sell the domain. Do you use sedo or other domain selling service?
Somebody contacted me regarding buying a domain I own and I was wondering if somebody can advise how to sell the domain. Do you use sedo or other domain selling service?
Wouldn't it be ok to use paypal if say someone sent me money, I transferred it over to my bank account and then let go of the domain? Once it's transferred from paypal to the bank, there isn't much that can be done to reverse it right?
I think paypal may give you a negative balance, which you'd either have to pay (well legally you would have to pay) or leave paypal.
I've had a domain stolen via paypal before. $750 sent to me using a fraudulent credit card. I transferred the domain. A few days later got an email from PayPal saying the credit card was stolen, nothing they could do.
Yes if you do a deal on Paypal, they can take that money back at anytime and hold it until there system reviews the deal and decides what to do.
I recently completed a design job got paid, weeks went by no trouble, did more work for the client and everything was good. Then all the sudden they took the cash for one of the jobs out of my account and reviewed it for a month and a half.
The client never complained to them at all. It was just a check there system does.
I had the cash in the account still so I am unsure what would have happened had it been empty.
Escrow works fine.
Max
Paypal can go negative, and then if you don't repay them they will send collections after you.
I didn't realize that PayPal could go negative, so I'll definitely be more careful will transferring money that way. Before now, it's the only thing I've used.
Thanks,
When you are saying use escrow, are you referring to a particular service or are you talking in general?
Thanks again,
Peter
There are some different services out there but I think the most popular is escrow.com, I think they charge about 3% for domain sales but I'm not positive.
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Portable vaporizers
Last edited by rpanella; 03-17-2011 at 10:55 AM.
Can anybody recommend an escrow company?
Thanks guys,
I'll give escrow.com a try...
Peter
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