How to use Escrow selling your site on Flippa?

15 replies
Hey everyone, I'd like to sell my site one flippa which will be my first time and I'm just wondering does flippa provide you with escrow service or do you need to somehow apply it upon selling it? And what are some tips you could give a person not to get ripped off? Thank you!
#escrow #flippa #selling #site
  • Profile picture of the author Mike Grant
    It'd surely be nice if people were to stop being lazy.

    Flippa tells you specifically the answer to this question. Do your own due diligence.
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  • Profile picture of the author Thomas Smale
    Hi,

    Flippa don't currently have their own Escrow service and don't take any liability for the behaviour of buyers/sellers. They do however have a special deal with Escrow to get you 10% off fees and this is integrated into the sales process (if you want to accept/pay with Escrow).

    In terms of the site itself, spend some time verifying their statistics (traffic and revenue) and make sure you ask questions if you find any inconsistencies then either ask a question or steer clear altogether.

    Make sure you do some good due seller diligence. Check a seller's history and feedback. If possible do a Whois check on the domain and ensure they are who they say they are.

    Generally, with Escrow, you are pretty safe. Make sure you DO NOT release the funds to the seller until you are 100% happy with the transaction.
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    I specialize in selling websites over $10,000 in value. No obligation, confidential valuation here.
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  • Profile picture of the author Zabrina
    Thanks again, Thomas! Is it safe to use Paypal when selling a minor-leagues site (probably for under $500)?
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    • Profile picture of the author Thomas Smale
      Originally Posted by Zabrina View Post

      Thanks again, Thomas! Is it safe to use Paypal when selling a minor-leagues site (probably for under $500)?
      Depends on your appetite for risk and quality of due diligence.

      If you are buying, to be honest, assuming no alarm bells ring when checking out the seller, I'm happy using Paypal for anything below $500. If I'm buying a site I always ensure I send the payment as GOODS as Paypal don't support virtual goods. If you get ripped off you will be more likely to win a dispute as you can claim you ordered a physical good.

      When selling it is fine too, but to be extra safe send a CD to their billing address with the website files on it. Will cost you $5 or so, but well worth it as they can't dispute if you have physically sent it to them.
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      I specialize in selling websites over $10,000 in value. No obligation, confidential valuation here.
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  • Profile picture of the author sbucciarel
    Banned
    Originally Posted by mgtarheels View Post

    It'd surely be nice if people were to stop being lazy.

    Flippa tells you specifically the answer to this question. Do your own due diligence.
    If it's too much trouble for you to answer with an informative answer to a thread, you may as well just not answer at all. There isn't a thread posted on WF that the answer couldn't be found somewhere else.

    Actually, Flippa just integrated with escrow.com so it does have escrow. Before that, you just initiated your own escrow.com transaction.
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    • Profile picture of the author Mike Grant
      Originally Posted by sbucciarel View Post

      If it's too much trouble for you to answer with an informative answer to a thread, you may as well just not answer at all. There isn't a thread posted on WF that the answer couldn't be found somewhere else.

      Actually, Flippa just integrated with escrow.com so it does have escrow. Before that, you just initiated your own escrow.com transaction.
      Just because the information can be found =/= said information on said website.

      It's the equivalent of asking how to pay for Adwords. Stop looking to be spoonfed, plain and simple.
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      • Profile picture of the author sbucciarel
        Banned
        Originally Posted by mgtarheels View Post

        Just because the information can be found =/= said information on said website.

        It's the equivalent of asking how to pay for Adwords. Stop looking to be spoonfed, plain and simple.
        Let us know when you're a mod and can really tell us what to post and what not to post.
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        • Profile picture of the author Mike Grant
          Originally Posted by sbucciarel View Post

          Let us know when you're a mod and can really tell us what to post and what not to post.
          Quote me where I said what to post, and what not to post.

          I'll be waiting.

          Until then, reading comprehension ftw.
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          • Profile picture of the author sbucciarel
            Banned
            Originally Posted by mgtarheels View Post

            Quote me where I said what to post, and what not to post.

            I'll be waiting.

            Until then, reading comprehension ftw.
            Look Dude with 30 something posts ... by telling him to find it himself you're telling him not to ask the question and I submit that someone dropping in out of the blue with thirty something posts under his belt should try to post a more useful contribution to the forum than go find it yourself. Do your due diligence.

            There are a lot of newbies here and the trend is to try to be informative and helpful, neither of which you were. Some of them don't even know what due diligence is and many of them have never posted a sales thread on Flippa. Your rude remark adds no value to the thread.

            I recommend that you do a little due diligence and find out what the Warrior Forum is about before being offensive.
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            • Profile picture of the author Mike Grant
              Originally Posted by sbucciarel View Post

              Look Dude with 30 something posts ... by telling him to find it himself you're telling him not to ask the question and I submit that someone dropping in out of the blue with thirty something posts under his belt should try to post a more useful contribution to the forum than go find it yourself. Do your due diligence.

              There are a lot of newbies here and the trend is to try to be informative and helpful, neither of which you were. Some of them don't even know what due diligence is and many of them have never posted a sales thread on Flippa. Your rude remark adds no value to the thread.

              I recommend that you do a little due diligence and find out what the Warrior Forum is about before being offensive.
              You're making a lot of assumptions.

              You do know what they say about assumptions, yes?
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              • Profile picture of the author Kay King
                I think it takes an "assumption" to be posting so rudely after 10 days here. If a question doesn't meet your intellectual requirements, ignore it.
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                Saving one dog will not change the world -
                but the world will be forever changed for that one dog.
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  • Profile picture of the author smolodoy
    Thanks Thomas but I'm looking to sell my site which will be more then a a thousand dollars so I should be conducting all of the transaction through escrow correct? Paypal won't be save enough to make bid deals? So you need to sign up for escrow to make any transactions? Thank you again..
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    • Profile picture of the author Thomas Smale
      Originally Posted by smolodoy View Post

      Thanks Thomas but I'm looking to sell my site which will be more then a a thousand dollars so I should be conducting all of the transaction through escrow correct? Paypal won't be save enough to make bid deals? So you need to sign up for escrow to make any transactions? Thank you again..
      I would recommend Escrow, yes. You can use Paypal, but I wouldn't recommend it for anything big.

      Escrow is a really simple process: once you sell, go through your Flippa success area to Escrow where you setup in your name and email, buyer sends cash, you agree terms, transfer site, and then buyer releases funds when they are happy. I suggest you have a read of their site to get a better idea.

      @ all of those bickering - the OP had a question, I'm sure he/she would appreciate if it was kept on topic
      Signature
      I specialize in selling websites over $10,000 in value. No obligation, confidential valuation here.
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  • Profile picture of the author sbucciarel
    Banned
    Here's Flippa's blog post on the Escrow integration

    New Feature: Escrow Payment Integration | Flippa Blog | Buy & Sell Websites
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  • Profile picture of the author smolodoy
    thank you guys.. that helped..
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