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How To Sell a Domain Safely With PayPal ?

Discussion in 'Domain Names' started by GT6, Sep 28, 2009.

  1. Hosting24

    Hosting24 Member

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    #21
    The problem is that verified PayPal account does not mean anything. Account owner still could be bad guy and open a dispute.
     
    Hosting24, Oct 2, 2009 IP
  2. platom

    platom Active Member

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    #22
    do registrar will be on seller or buyer side?

    buyer can't masspay if using credit card :(

    maybe..but it can't guarantee 100%

    yes, paypal also have limitations when proceed with credit card

    virtual trading like domains can't do nothing about that :(
    i'm just prays not to deal with scammer..
     
    platom, Oct 2, 2009 IP
  3. Master Joda

    Master Joda Peon

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    #23
    GT6,

    The use of PayPal or any other online payment gateway involves the risk of reverting or placing on hold your payment. Reasons are numerous, stolen account, chargeback, etc.

    If using escrow is not a practical option because of the low domain name price you can offer the buyer the option to use an agreement and some "offline" payment option (e.g. bank transfer or cheque). There is no need to hire an attorney for that, you can do it by your own. Just write in shortly what is the deal and the responsibilities of both sides. When the agreement is signed by both sides, request the payment and once payment is cleared transfer the domain.

    I agree, you may spend an extra hour or two with this option, but in order to secure the transaction you will have to sacrifice some time or money (for escrow). Alternatively, if the risk is acceptable to be taken, take it and go directly with PayPal.
     
    Master Joda, Oct 3, 2009 IP
  4. Hosting24

    Hosting24 Member

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    #24
    wire transfer may be a good idea, but some people may not like this option (in case buyer is from another country and wire transfer costs a lot)
     
    Hosting24, Oct 5, 2009 IP
  5. ebleu

    ebleu Peon

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    #25
    Know the Reputation of the Person, whom you are dealing with. If you are confident, go ahead with the Push, and then get the money. It can also be that, if the person whom you are dealing with is legit, then he / she might agree to send Payment Upfront too. :)

    Good luck.

    -eBleu
     
    ebleu, Oct 5, 2009 IP
  6. ddhana1

    ddhana1 Peon

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    #26
    I have read that PayPal Mass Pay is good.

    For normal transactions i think when sending money there should be text box for typing information. Tell the sender(money) to type " I am sending $xxx to buy this <domain> from <buyername>" to log some proof if we need in cause of fraud attempts.

    Just an idea i don't know this is possible or not. Never tried.
     
    ddhana1, Nov 3, 2009 IP
  7. bb-x

    bb-x Peon

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    #27
    I have an idea for you. Make another paypal acount other than your primary paypal account. Verify it with VCC (Virtual Credit Card). When you sell the domain, Ask him to send money to the fake verified paypal. Then after you receive the payment, transfder the money as soon as possible to your primary paypal ID. I do it myself to avoid frauds!

    Hope it works for you!^^
     
    bb-x, Nov 4, 2009 IP
  8. tdlox

    tdlox Peon

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    #28
    Like said earlier, keep a log of all communications between you and buyer. Only push domain when money is received. If the pay amount is relatively small, then use paypal. For anything significant, then you definitely want to use an escrow service. Keep good records and keep your nose clean nd you should be O.K.
     
    tdlox, Nov 4, 2009 IP
  9. seofx

    seofx Active Member

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    #29
    i would just go the route of sedo or escrow.com
     
    seofx, Nov 4, 2009 IP
  10. chandan123

    chandan123 Prominent Member

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    #30
    ask direct cash deposit if buyer is in same country may be thats safe
     
    chandan123, Nov 5, 2009 IP