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03-16-2008, 06:40 PM
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#21 (permalink)
| | iBrand.in
Name: Samit Last Online: Today 07:42 AM Join Date: Nov 2006
Posts: 522
DNF$: 608 Location: mwzd.com
Country: | I use escrow.com for anything over $300 and an unknown buyer (yet to be a buyer via escrow).
I usually split the fee with the other party - and if they are genuine its never a problem - $287.50 is a lot better than a chargeback.
Paypal is ok for dealing with known people, beyond that, even ebay sales require a $25 deduction for disputes. |
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03-16-2008, 08:26 PM
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#22 (permalink)
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Name: Justin Godfrey Last Online: Yesterday 08:09 PM Join Date: Apr 2005
Posts: 6,657
DNF$: 3,679 Location: Sheboygan, WI
Country: | Quote:
Originally Posted by Onward I think Rockefeller (on this forum) developed this last year... | It's still being developed. We have a beta version up now but still many, many changes to be done. Should be done within the next few months. It's a lot harder getting this off the ground than it seems, its functional right now but will get better in the future.
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03-16-2008, 08:29 PM
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#23 (permalink)
| | Pakistani™
Name: Ehsan Ahmad Rehan Last Online: Today 04:57 AM Join Date: Aug 2006
Posts: 1,274
DNF$: 54 Location: PAKISTAN
Country: | Quote:
Originally Posted by Rockefeller It's still being developed. We have a beta version up now but still many, many changes to be done. Should be done within the next few months. It's a lot harder getting this off the ground than it seems, its functional right now but will get better in the future. | i see u using that  , i thought i would do it with that but now seen you i think i will leave it to you make sure that doesn't have any security holes  |
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03-16-2008, 09:26 PM
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#24 (permalink)
| | Platinum Lifetime Member
Name: Michael Last Online: 11-17-2008 06:16 PM Join Date: Aug 2007
Posts: 384
DNF$: 600 Location: Maryland
Country: | I like escrow.com for the most part, the only thing that sucks is when a seller backs out the buyer is stuck with the fees. I just got hit with a $310 bill because some idiot got sellers remorse and backed out on a large deal. Oh well, nothing is perfect.
__________________ PushToAuction.com | Post domains you'd like to push to auction at Sedo™! [NEW] |
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03-16-2008, 09:42 PM
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#25 (permalink)
| | WE BUY DOMAINS
Last Online: 11-15-2008 12:54 AM Join Date: Dec 2005
Posts: 1,041
DNF$: 6,056 Location: New York, USA
Country: | Quote:
Originally Posted by idevlabs I just got hit with a $310 bill because some idiot got sellers remorse and backed out on a large deal | That's a $35,000 dollar domain escrow. Care to share the name?
__________________ Selling your generic domain name? Want CASH now? WeBuyThe.Com is ready to buy your names
Send us your generic.com today with stats for consideration! |
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03-16-2008, 09:52 PM
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#26 (permalink)
| | Platinum Lifetime Member
Name: Deceased Last Online: Today 07:33 AM Join Date: Jan 2007
Posts: 1,131
DNF$: 804 Location: Louisiana
Country: | Only thing worse than a "domain escrow" company is a "domain appraisal" company.
__________________ Portfolio sale at iFrontpage.com PM me with your name and email for a SEDOPRO Endorsement code! |
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03-16-2008, 11:12 PM
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#27 (permalink)
| | Platinum Lifetime Member
Last Online: 11-17-2008 05:46 PM Join Date: Mar 2006
Posts: 900
DNF$: 736 Location: tiptopmarketing.net
Country: | Quote:
Originally Posted by BELLC1 Only thing worse than a "domain escrow" company is a "domain appraisal" company. | I disagree with that statement escrow.com are expensive for deals less then $300. But you can use MoneyBookers domain escrow, it's very safe and inexpensive.
__________________ do you want you link here?
Last edited by Lord Brar; 03-17-2008 at 04:57 AM..
Reason: No Referral ID Please
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03-17-2008, 12:32 AM
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#28 (permalink)
| | Platinum Lifetime Member
Name: Michael Last Online: 11-17-2008 06:16 PM Join Date: Aug 2007
Posts: 384
DNF$: 600 Location: Maryland
Country: | Quote:
Originally Posted by WeBuyThe.Com That's a $35,000 dollar domain escrow. Care to share the name? | I'm still working on turning them back around by offering more money so I can't say it yet. It probably would have been the best domain I've ever held though 
__________________ PushToAuction.com | Post domains you'd like to push to auction at Sedo™! [NEW] |
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03-17-2008, 06:14 AM
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#29 (permalink)
| | iBrand.in
Name: Samit Last Online: Today 07:42 AM Join Date: Nov 2006
Posts: 522
DNF$: 608 Location: mwzd.com
Country: | Quote:
Originally Posted by tiptop MoneyBookers domain escrow, it's very safe | Its actually about as safe as paypal, the general impression that people have that its safe is just good PR at work Quote: https://www.moneybookers.com/app/help.pl?s=terms
7.4. When Customer receives a payment through the Service, he/she is NOT protected against a subsequent reversal of the transaction. Examples of such a reversal include, but are not limited to, a credit card reversal by the sender of the payment and a reversal of the transaction because the sender of the payment was using a stolen credit card or unauthorised bank account.
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03-17-2008, 08:23 AM
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#30 (permalink)
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Name: Dale Hubbard Last Online: Today 07:34 AM Join Date: Jan 2003
Posts: 5,042
DNF$: 2,962 Location: Exeter, England
Country: | I'm thinking of starting a domain escrow service through my www.payfor.com brand. Anyone interested in participating, please PM me. |
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03-17-2008, 10:00 AM
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#31 (permalink)
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Name: Justin Godfrey Last Online: Yesterday 08:09 PM Join Date: Apr 2005
Posts: 6,657
DNF$: 3,679 Location: Sheboygan, WI
Country: | Quote:
Originally Posted by Ehsan i see u using that  , i thought i would do it with that but now seen you i think i will leave it to you make sure that doesn't have any security holes  | There are no security holes. We also do not store any personal information on the site and have a phone system in place where we notify you when wires are received and walk through the transfer process to make sure the buyer receives the domain name. The process will only get finer tuned in the future.
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03-17-2008, 10:04 AM
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#32 (permalink)
| | Pakistani™
Name: Ehsan Ahmad Rehan Last Online: Today 04:57 AM Join Date: Aug 2006
Posts: 1,274
DNF$: 54 Location: PAKISTAN
Country: | Quote:
Originally Posted by Rockefeller There are no security holes. We also do not store any personal information on the site and have a phone system in place where we notify you when wires are received and walk through the transfer process to make sure the buyer receives the domain name. The process will only get finer tuned in the future. | Nice to hear that  |
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03-17-2008, 10:07 AM
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#33 (permalink)
| | DN Coyote
Name: Ed Last Online: Today 06:55 AM Join Date: Dec 2007
Posts: 3,863
DNF$: 110 Location: South Florida
Country: | Quote:
Originally Posted by dnkid [/list]Is this process violating any terms and conditions set forth in the T&C and User Agreement of the various registrars? Having Seller A push to escrow account, then escrow account pushing to the buyer account. My guess is registrars will not allow this, but I'd like to get some of your interpretations. | The Escrow service could have an account with most major / popular registrars (since most can be set up for free). When the seller pushes the domain to the escrow service, it gets pushed to the seller's registrar but under the escrow company's account (in case of a sale that falls apart it can easily be pushed back to the seller).
When the funds are moved from the buyer -> escrow service (verify) -> seller then the domain is pushed from the escrow servise to the buyer's account on the buyer's registrar. |
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03-17-2008, 10:08 AM
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#34 (permalink)
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Name: Justin Godfrey Last Online: Yesterday 08:09 PM Join Date: Apr 2005
Posts: 6,657
DNF$: 3,679 Location: Sheboygan, WI
Country: | Quote:
Originally Posted by draggar The Escrow service could have an account with most major / popular registrars (since most can be set up for free). When the seller pushes the domain to the escrow service, it gets pushed to the seller's registrar but under the escrow company's account (in case of a sale that falls apart it can easily be pushed back to the seller).
When the funds are moved from the buyer -> escrow service (verify) -> seller then the domain is pushed from the escrow servise to the buyer's account on the buyer's registrar. | Same thing that Sedo does...but the one problem with that is the time it takes. I've waited 1-2 weeks for Sedo to push a domain name to me that was in their godaddy account.
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03-17-2008, 10:17 AM
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#35 (permalink)
| | DN Coyote
Name: Ed Last Online: Today 06:55 AM Join Date: Dec 2007
Posts: 3,863
DNF$: 110 Location: South Florida
Country: | Quote:
Originally Posted by Rockefeller Same thing that Sedo does...but the one problem with that is the time it takes. I've waited 1-2 weeks for Sedo to push a domain name to me that was in their godaddy account. | Then make sure an official domain escrow service does it faster.
1-2 weeks is a bit long, but were they verifying a payment? |
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03-17-2008, 10:27 AM
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#36 (permalink)
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Name: Justin Godfrey Last Online: Yesterday 08:09 PM Join Date: Apr 2005
Posts: 6,657
DNF$: 3,679 Location: Sheboygan, WI
Country: | Quote:
Originally Posted by draggar Then make sure an official domain escrow service does it faster.
1-2 weeks is a bit long, but were they verifying a payment? | No, its because they have too many transactions going on at one time and 2 people to oversee all of them.
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03-18-2008, 12:55 PM
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#37 (permalink)
| | Platinum Lifetime Member
Last Online: 07-26-2008 04:45 AM Join Date: Sep 2007
Posts: 18
DNF$: 100 Location: Malaysia | Quote:
Originally Posted by draggar Then make sure an official domain escrow service does it faster.
1-2 weeks is a bit long, but were they verifying a payment? | That's what I'm planning on doing. It'll be faster, and cheaper than all the escrows out there.
The only things I need to take care of now are:
1. Get a US Bank account.
2. Get my brother to develop the website & backend integration.
3. Buy that domain name. |
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