Hi All, What is the best way of making sure you'd get paid if you were dealing directly with a buyer? ***
Hi there, What I tend to do when selling any products privately is collect the money first for whatever you have sold to them, this way you have been paid first.
Well, there's escrow,com which I think charges a minimum of $25 and they wait till after the domain is transferred before releasing the money. And Paypal just started guaranteeing purchases outside of ebay last month. So you can pay for a domain using Paypal, and if the seller doesn't transfer the domain to you that same day, you can yank the money back.
Another trick is to ask the buyer to send you a 10% down payment. That way, buyer proves that he has the ability and functionality to pay. Then seller transfers domain to buyer, and buyer sends final payment. Legal ownership doesn't transfer until final payment. If buyer doesn't pay the rest, seller can show proof that buyer didn't pay to the registrar, cry theft, and apply to have the transfer reversed back to him. And after seller gets the domain back, he might decide to keep the 10% down payment for his trouble. And until buyer pays in full, seller will always legally own the domain. What buyer would want to spend a lot of time and hard work developing the domain, wondering if someday the seller will show up with his attorney and take it from him?