Purchase Initiation

[nicpal]

I know that several times ont his board members have touched on the liability of a buyer when initiating the purchase a domain, then backing out of the deal; however I now have a similar situation but the buyer not only initiated the purchase, but he also agreed to the terms via Escrow.com for the purchase initiation,yet he still has yet to send them the funds after several weeks. What course of action should I take regarding this if the buyer does not pay? Or does Escrow.com handle this?

 

[draqon]

first, contact the buyer to see whats up. second, if he ignores you, log into Escrow and terminate the sale. There is no real liability for doing this.

 

[cyphix]

I had a buyer once (who I contacted) who agreed to the terms at escrow but then didn't pay. Escrow didn't do anything.... the transaction just expired.

 

[nicpal]

I contacted the buyer and he forwards me receipt of payment from Escrow.com on Jan 19th. It still states "waiting for buyer's payment" under the transaction, and I have received no email to indicate that the payment was received. This happens to me every single time I use Escrow.com. I don't understand why others have such success and I have waited a minimum of 5 weeks each time for a transaction to be completed.