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How to Get Your Money When Someone Buys Your Site

Discussion in 'Sites' started by Skinny, Mar 7, 2006.

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  1. #1
    Okay,

    I'm selling a PR 5 site here. Now I'm totally new to this. I have a paypal account and would have the money placed there. Now I want to know from experienced buyers/sellers here, how do you garuntee that someone gives you the money without ripping you off.

    i.e. if I give the person the info on the site he could pay $0 and walk away with the site.

    But he might feel uncomfortable giving me full money because he thinks I won't hand over the site.

    What procedure do you use?

    Skinny
     
    Skinny, Mar 7, 2006 IP
  2. petertdavis

    petertdavis Notable Member

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    #2
    For $85 I wouldn't sweat it too much. If it were $8500, I'd put more thought into it.
     
    petertdavis, Mar 7, 2006 IP
  3. Skinny

    Skinny Peon

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    #3
    Okay cool. Cause I had a deal for $100 for the site and the guy wanted to give me $50 up front, then I had to give him the username and password, and then he'd give me another $50.

    Sounded suspicous to me.

    Skinny
     
    Skinny, Mar 7, 2006 IP
  4. gordi555

    gordi555 Active Member

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    #4
    Escrow is a good option. Also, maybe half now and half on completion?
     
    gordi555, Mar 7, 2006 IP
  5. Seiya

    Seiya Peon

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    #5
    Sounds suspicious to me to unless he has a good reputation on the forums to back him up.

    Usually its the buyer at risk , paying everything upfront. For big transactions like mentioned you use Escrow.
     
    Seiya, Mar 7, 2006 IP
  6. Skinny

    Skinny Peon

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    #6
    What is Escrow? And how is it different than Paypal?

    And he is a member here at DP. But had an iTrader of 0, but seems like he bought a lot of stuff. Could have been me that freaked.

    Skinny
     
    Skinny, Mar 7, 2006 IP
  7. Seiya

    Seiya Peon

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    #7
    Escrow is not for a $100 transaction since its too expensive... its a middleman service... www.escrow.com
     
    Seiya, Mar 7, 2006 IP
  8. dct

    dct Finder of cool gadgets

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    #8
    As a buyer I tend to do the 50/50 approach, but a lot does depend on how reliable or well known the seller is. For a $100 bucks though I'd normally just pay upfront.
     
    dct, Mar 7, 2006 IP
    Seiya likes this.
  9. Skinny

    Skinny Peon

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    #9
    Yea that's what I thought. I'm understanding of why people wouldn't just hand the money over, but there's a lot more than a site on the line.

    My reputation. Can you imagine the backlash if I cheated someone here? It woul d be hell. Besides I wanna give this thing away, I just don't wanna get jipped.

    Escrow is interesting.

    Skinny
     
    Skinny, Mar 7, 2006 IP
  10. Merkersarl

    Merkersarl Peon

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    #10
    Merkersarl, Mar 7, 2006 IP
  11. Skinny

    Skinny Peon

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    #11
    Thanks Merkersarl,

    Interesting read. I learned something new today :)

    Skinny
     
    Skinny, Mar 7, 2006 IP