So I increased an offer for a domain I was interested in and the owner accepted.
I was thrilled. I set up an Escrow.com transaction and thought that the transaction would be done relatively quickly.
However, a day later a received a voicemail from the owner explaining that there was a 'better' way to do the deal through Paypal.
I sent an email back explaining why Escrow's process is more secure for both parties, but he still didn't want to do it.
After calling him it seemed like he didn't like what he heard from Escrow.com support. He felt that I rejected the domain it would be problematic for him to recover the domain.
I followed up and asked Escrow.com support which was (quick) and clear on the matter, explaining that the domain and funds can never be in the hands of one party.
*sidenote*
I also contacted Paypal (for due diligence; I know Paypal is not good for transferring names) and got the following information (which might be useful for domainers):
Paypal doesn't offer protection on digital goods or intagiables (i.e. domains, websites, etc.)
If a dispute arose with the buyer there are 3 likely outcomes:
1) The seller refunds the money to the buyer (unlikely)
2) If there is no response to the dispute by the seller after the 10 days, Paypal would refund the buyer (this is what I was told)
3) The seller disputes the buyers claim in which case Paypal won't do anything for you.
It was hilarious where the person in the Paypal dispute department indicated that doing this transaction was risky for both parties. I almost laughed when she said that.
*end sidenote*
I then forwarded all this information to the owner (who is an older gentleman) and again initiated an Escrow transaction and it again expired.
Still wanting to own the domain, I called the buyer again and my gut told me that he too was trying to not get screwed in this transaction, but for some reason didn't trust Escrow.com
He then decided that he would send me an invoice through paypal and push the domain into a new account (the registrar for some reason doesn't support a push from one account to another; you can only log in if you have a domain with them).
After payment was sent he emailed me Username to the domain's account and FedExed (yes Fedexed) the password to the account to me.
He was fearful that email or phones could be hacked and he wanted a paper trail if I ever tried to dispute that I didn't get the domain.
So from Jan. 23rd till today (1 month and 4 days) after we agreed on a price I finally got the domain name.
I knew domain sales took awhile, but never imagined that domain acquisitions (after the price was agreed upon) would take so long.
Anyone else have any crazy acquisition stories?
I was thrilled. I set up an Escrow.com transaction and thought that the transaction would be done relatively quickly.
However, a day later a received a voicemail from the owner explaining that there was a 'better' way to do the deal through Paypal.
I sent an email back explaining why Escrow's process is more secure for both parties, but he still didn't want to do it.
After calling him it seemed like he didn't like what he heard from Escrow.com support. He felt that I rejected the domain it would be problematic for him to recover the domain.
I followed up and asked Escrow.com support which was (quick) and clear on the matter, explaining that the domain and funds can never be in the hands of one party.
*sidenote*
I also contacted Paypal (for due diligence; I know Paypal is not good for transferring names) and got the following information (which might be useful for domainers):
Paypal doesn't offer protection on digital goods or intagiables (i.e. domains, websites, etc.)
If a dispute arose with the buyer there are 3 likely outcomes:
1) The seller refunds the money to the buyer (unlikely)
2) If there is no response to the dispute by the seller after the 10 days, Paypal would refund the buyer (this is what I was told)
3) The seller disputes the buyers claim in which case Paypal won't do anything for you.
It was hilarious where the person in the Paypal dispute department indicated that doing this transaction was risky for both parties. I almost laughed when she said that.
*end sidenote*
I then forwarded all this information to the owner (who is an older gentleman) and again initiated an Escrow transaction and it again expired.
Still wanting to own the domain, I called the buyer again and my gut told me that he too was trying to not get screwed in this transaction, but for some reason didn't trust Escrow.com
He then decided that he would send me an invoice through paypal and push the domain into a new account (the registrar for some reason doesn't support a push from one account to another; you can only log in if you have a domain with them).
After payment was sent he emailed me Username to the domain's account and FedExed (yes Fedexed) the password to the account to me.
He was fearful that email or phones could be hacked and he wanted a paper trail if I ever tried to dispute that I didn't get the domain.
So from Jan. 23rd till today (1 month and 4 days) after we agreed on a price I finally got the domain name.
I knew domain sales took awhile, but never imagined that domain acquisitions (after the price was agreed upon) would take so long.
Anyone else have any crazy acquisition stories?
how can one create a new account, while still logged in, unless it's a sub-account?
