Payment Question

[Success]

Those of you who sell domains here, what payment methods do you normally use to protect both parties?

Do you use Escrow?

 

[Ian]

use escrow for deals worth more than $1k and paypal for small deals.

 

[Success]

For paypal, do you ask the person to pay first or do you do the transfer first?

 

[GSA]

Pay first...

 

[katherine]

Yes payment first
but keep in mind that the payment can be reversed (charged back) later with paypal too. It's best to KYC (know your customer), check if paypal-verified and be careful of larger transactions with people with no history or trader rating.
For small deals paypal is fine, for larger amounts escrow is a must

 

[Success]

Which escrow service do you guys normally use?

 

[goodyork]

escrow.com is great ~

 

[RazorNF]

Yes payment first
but keep in mind that the payment can be reversed (charged back) later with paypal too. It's best to KYC (know your customer), check if paypal-verified and be careful of larger transactions with people with no history or trader rating.
For small deals paypal is fine, for larger amounts escrow is a must

Yes, a reversal happened to me once with an ebay transaction. Since it didn't get reflected until nearly a couple of months later, by then it became too late to do anything about it.

I've used escrow.com a few times now and the process has been quite smooth, with payment received relatively fast.