DNForum - Domain Sales, Domain Forum, Domain Appraisals, Domain Registrars - View Single Post - Bank to bank transfer of funds, SWIFT codes etc

**Domagon** · 12-17-2005, 08:46 AM

An aspect to keep in mind is that Sedo itself isn't know for speed when it comes to financial matters.

I've personally never had any electronic transfer, in particular bank wires, take more than a few days tops anywhere.

With that said, Sedo may not be at fault at all if the buyer has simply never sent payment...

In my view, probably the best thing to do, at this point, is write that buyer off and shop the domain around to others - suing buyers, unless money has already been exchanged (and even that's debatable), is generally a waste of time and money - one can't get blood from a stone ... and even assuming if the buyer does has some money / assets, there could be jurisdictional issues if you and buyer are in different countries and/or different states/provinces, etc - legal action could get expensive ... and again, even if you get a winning judgement, the odds of collecting are poor.

Ron

12-17-2005, 08:46 AM	#9 (permalink)
Domagon DNF Addict Name: Ron Bennett Last Online: Yesterday 09:50 PM iTrader: (18) Join Date: Oct 2003 Posts: 1,307 DNF$: 7,690 Location: Wyomissing, PA Country:	Re: Bank to bank transfer of funds, SWIFT codes etc An aspect to keep in mind is that Sedo itself isn't know for speed when it comes to financial matters. I've personally never had any electronic transfer, in particular bank wires, take more than a few days tops anywhere. With that said, Sedo may not be at fault at all if the buyer has simply never sent payment... In my view, probably the best thing to do, at this point, is write that buyer off and shop the domain around to others - suing buyers, unless money has already been exchanged (and even that's debatable), is generally a waste of time and money - one can't get blood from a stone ... and even assuming if the buyer does has some money / assets, there could be jurisdictional issues if you and buyer are in different countries and/or different states/provinces, etc - legal action could get expensive ... and again, even if you get a winning judgement, the odds of collecting are poor. Ron __________________ Domagon Consulting Services - Business Help and Problem Solving AllSkin.com / AllSkins.com - premium pair of domains - Make An Offer!