What are the pitfalls of selling domains direct?

[onlinetv]

I have a domain I am selling and it looks as though we may do this direct as they approached through the listed email on the whois.

What are the pitfalls?

Can they pull money back on a bank transfer?

This is a transaction in the mid xx,xxx euros and I wondered if it can be just done flat out getting the bank transfer in and push the domain out?

 

[democrat]

I have a domain I am selling and it looks as though we may do this direct as they approached through the listed email on the whois.

What are the pitfalls?

Can they pull money back on a bank transfer?

This is a transaction in the mid xx,xxx euros and I wondered if it can be just done flat out getting the bank transfer in and push the domain out?

First of all, good luck!

Secondly, get a contract; and I think using Escrow is pretty safe.

 

[onlinetv]

OK, it seems to be working. We are using escrow.com and a quick search here showed it was very well reviewed. It cost only 450 for a 50k transaction and we are in the middle now. Let you know if it works perfect or not.

 

[BiggieBiggie is verified member.]

OK, it seems to be working. We are using escrow.com and a quick search here showed it was very well reviewed. It cost only 450 for a 50k transaction and we are in the middle now. Let you know if it works perfect or not.

congrats and good luck

 

[scottle]

OK, it seems to be working. We are using escrow.com and a quick search here showed it was very well reviewed. It cost only 450 for a 50k transaction and we are in the middle now. Let you know if it works perfect or not.[/QUOTE

Congratulations. Escrow.com has worked well for me in the past.

 

[Developper]

escrow.com is absolutely safe. Well Lehmann Brothers had been save some days ago, too ;-)

 

[james2002]

Escrow.com is great

 

[Deleted member 5660]

I would not use escrow.com for large transactions. The way the system is structured, and the way the agreeement reads, a buyer can get the domain and then dispute the transaction and you are held up for months in arbitration.

I use a domain attorney and you sign a 3-way escrow agreement. The buyer puts the money in the lawyer's account. Then you transfer the domain. When the lawyers makes sure the domain is transferred he releases the money. If there is a problem or issue you get the lawyer on the phone who has done many of these. With escrow.com they have some automated system to verify and if you ask questions and you get e-mail from an anonymous customer service person who never read the escrow.com agreement.

 

[Developper]

With smaller sales under xx.xxx to endcustomers I usually offer them to update the name file (WHOIS) to their wishes and provide the AuthCode. After I received the money, I would unlock the domain. Nothing can happen to me this way, and most endcustomers feel save that way. The lawyer-variant I also offer, but I tell them THEY have to pay THEIR lawyer (notary), or they use Escrow.com or SEDO.com and we split, or we do it with no charge in MY way.

Very large sales (x.xxx.xxx) should always go through the sale of a company, so a notary is needed anyway. Benefit: No owner change is needed, the owner of the domain remains the same: It's the company shell that you do sell. This way offers many other benefits as well, for example you are not anymore a parasitic domainseller, you are a person that sells a business.