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Selling of domain [Questions]

Discussion in 'Domain Names' started by cesspit, Feb 15, 2008.

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  1. #1
    Hi,

    I have a domain which someone wanted to buy it for 6K. To me it is a big amount of money. The domain is only 3 months old and have an alexa ranking of 20K. I have few questions regarding this:

    Just wondering how the process of selling of domain would be with godaddy? Should I transfer the domain first before getting the money?
    How does the payment usually done? Paypal?
    Anything I miss out?
     
    cesspit, Feb 15, 2008 IP
  2. dmi

    dmi Well-Known Member

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    #2
    When dealing with higher amounts of money, I recommend you to use an escrow service - preferably escrow.com.
     
    dmi, Feb 15, 2008 IP
  3. ARonald

    ARonald Peon

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    #3
    Just a few things to watchout for..

    1. Do not order an appraisal if the buyer insists (most likely appraisal scams)
    2. Always use escrow.com or sedo.


    In an escrow/sedo process the payment and domain transfer is handled by them and hence you cannot be cheated.

    Hope these tips help you and good luck with your sale.


    ARonald
     
    ARonald, Feb 15, 2008 IP
  4. cesspit

    cesspit Peon

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    #4
    What about if you domain is from godaddy.com?
     
    cesspit, Feb 15, 2008 IP
  5. SupremeURLs.com

    SupremeURLs.com Peon

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    #5
    You initiate the transfer through GoDaddy after Escrow.com
    or Sedo receives payment. When using the Escrow services,
    they will assist you with the transfer details.
     
    SupremeURLs.com, Feb 15, 2008 IP
  6. MOG

    MOG Well-Known Member

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    #6
    godaddy, escrow, and dont pay for an appraisal.

    DO NOT ACCEPT PAYMENT BY PAYPAL FOR THAT AMOUNT OF MONEY....
     
    MOG, Feb 15, 2008 IP
  7. dnk

    dnk Well-Known Member

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    #7
    For large amounts, payment is usually through wire transfer
     
    dnk, Feb 15, 2008 IP
  8. wyattt

    wyattt Active Member

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    #8
    Don't use wire transfer or PayPal - like others have stated, an escrow service is the best option for payments usually over a couple hundred dollars (depending on if you know the person or not).

    Some of the most popular escrow services are Sedo and Escrow.com. Personally, I prefer Moniker's escrow service. They have a lot of experience with domains and in my opinion they are most secure. Good luck with the sale!
     
    wyattt, Feb 15, 2008 IP
  9. k3v

    k3v Banned

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    #9
    Wire trasfer is safe can't be chagedack but it's more unlike buyer will agree to send first 6k thru wire,use a escrow company like sedo,moniker or escrow.com,avoid paypal.
     
    k3v, Feb 15, 2008 IP
    Pinup Girl likes this.
  10. P_M_D

    P_M_D Peon

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    #10
    Definately get a decent and reliable appraisal before you do anything
     
    P_M_D, Feb 16, 2008 IP
  11. Pinup Girl

    Pinup Girl Notable Member

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    #11
    i think that you should send the domain after the payment,use escrow,never paypal to this amount of money
     
    Pinup Girl, Feb 16, 2008 IP
    k3v likes this.