Is it fact that escrow is better than paypal for domainer?

[Domagon]

How can they "pass it" on me when I already have the money ? Sue me ? Based on what ?

Quite right. None of the escrow services easily can ... they'd have to sue, etc ... However, Moniker is the exception ...

Moniker can potentially take back an escrowed domain (upwards of 60 days later, and possibly even longer; registrars have a lot of power!); have stated they reserve the right to take a domain back long after an escrow transaction has completed if a chargeback later occurs. A potential risk that few domainers are aware of with using Moniker escrow.

Ron

 

[DNBA]

i only use escrowdns.com escrow.com/sedo/paypal arent full escrow services.

 

[EGS]

Quite right. None of the escrow services easily can ... they'd have to sue, etc ... However, Moniker is the exception ...

Moniker can potentially take back an escrowed domain (upwards of 60 days later, and possibly even longer; registrars have a lot of power!); have stated they reserve the right to take a domain back long after an escrow transaction has completed if a chargeback later occurs. A potential risk that few domainers are aware of with using Moniker escrow.

Ron

Well that's a good point. A good reason why I don't use Moniker. I just never liked their cocky attitude as a registrar, and they're way too over-hyped. Not to mention the site loads slow and I don't like the user interface...just nothing appeals to me for them to be a registrar I'd ever go with.

 

[denny007]

Moniker can potentially take back an escrowed domain (upwards of 60 days later, and possibly even longer; registrars have a lot of power!)

Well yeah they can take it - BUT FROM THE SCAMMING SELLER ! If someone makes chargeback and has the domain they take it from him. Or I might really not understand you, lets go through scenarios:

1.
Chargeback occurs when domain still at Moniker - Moniker takes the domain (and if did not paid seller yet will return him domains, nobody lost)

2.
Chargeback occurs when domain is not at Moniker anymore, at that time Moniker have sent money to the seller already. They might still try to recover the domain from other registrar (possibly succesfully) but again - who lose the domain will be the buyer, the scammer, the entity who did the chargeback.

Or am I missing something here ?

 

[Domagon]

1.
Chargeback occurs when domain still at Moniker - Moniker takes the domain (and if did not paid seller yet will return him domains, nobody lost)

Escrow transactions at Moniker appear to be open-ended, since they potentially take it back anytime - registrars possess domains, not registrants.

IMHO, the only time it might be acceptable for Moniker to return the domain back is prior to paying the seller.

To reiterate, other escrow services insist on bank wire / cashiers check for large sales ... and for smaller sales will eat any chargebacks/reversals that occur after the escrow transaction has closed.

2.
Chargeback occurs when domain is not at Moniker anymore, at that time Moniker have sent money to the seller already. They might still try to recover the domain from other registrar (possibly succesfully) but again - who lose the domain will be the buyer, the scammer, the entity who did the chargeback.

Yep, Moniker could potentially request the domain transferred back even after it's been transferred out.

Or am I missing something here ?

Yes ... an important part of escrow is the guarantee by the escrow company of "good" funds (ie. can't be taken back / non-reversible) sent to the seller.

Moniker skips the "good" funds part, and that's a serious problem; Moniker transactions are seemingly open-ended, which also goes against what escrow is all about.

Ron

 

[Acquisition]

Yes ... an important part of escrow is the guarantee by the escrow company of "good" funds (ie. can't be taken back / non-reversible) sent to the seller.

Moniker skips the "good" funds part, and that's a serious problem; Moniker transactions are seemingly open-ended, which also goes against what escrow is all about.

Ron

Yes. Good point.