Can You Be Defrauded Selling Domains Using Paypal?

On private domain sales is there anything (i.e. protection) that you can do to prevent a person who you sold a domain to from getting a refund, thus "stealing" your domain if you use paypal.

Sure you verify that the funds are in your account, but that doesn't prevent someone from getting a refund.

Or do you go through a broker network.

tia

phplife

 

Been seeing all kinds of fraud there, Even a recent one where Escrow was used. I'm about ready to sell face to face only, and I'll have my marking pen handy too.

 

To accept money safe, without being afraid of a chargeback -- use Moneybookers. Simple as that.

 

Thanks tinner666 for the heads up on what you're seeing.
Thanks dmi for the service to use.

phplife

 

Some people try to get you to pay for a domain and then never transfer it to you, and this happened to me once. I only deal with people with reasonable amounts of post and itrader points.

I also make a point of checking out their previous sales if they have had any to see if there have been any complaints made before.

Generally people are good here and you should be ok. Use Escrow if you feel you need more protection than just trust.

 

To minimise being ripped of id suggest selling through sedo if its worth say $500 upwards, they take 10% but its done well and they keep you informed at each stage.

 

Will investigate further, thanks for the recommendations.

phplife

 

What about TDNam ?
And what about the minimum fee for 1 domain sell fee at sedo ?

Thanks

 

Please check this thread..........

http://forums.digitalpoint.com/showthread.php?t=708658

 

Thanks real1, very informative.

Read a few domain flipping books and what struck me was they never really outlined any risks.

thanks again
phplife

 

Risk has always been there, but until recently, it wasn't really a factor. Past year has been an eyeopener.
I've settled for hand regging and TDNAM. No hassles there so far.

 

I haven't sold through TDNam yet, i think sedo's minimum fee is $50 or something like that, so naturally sedo wont suit every sale.

 

Sedo charges no minimum fee other than flat 10% for domains parked there.
It would be good if they could consider this for domains been parked with them at least 3 days.
I never park any domain yet,but I need to sell soon.

 

I had bad experience with PAYPAL.
Sold a domain name. transferred it and PAYPAL gave them a refund.
Not good.

Me no money.. no domain.