Finalising a domain Flip

by donnan
7 replies
Hi warriors,

I am having my first try and flipping a domain. It's a domain I have had for years and a PR4.

I am concerned about how payment and moving the domain over to other person. How it happens. How safe is it?

After checking the info on Flippa, they say the change over is worked out between both parties and they don't handle that part.

Where is the safety? What is the normal process? Do you part with your domain before you receive payment or do you receive payment first?

What is the best method of payment to be totally secure they are not going to ask for their money back after they get my domain?

I would hate to lose this domain to someone clever and end up with no domain and no payment for it.
#domain #finalising #flip
  • Profile picture of the author Gene Pimentel
    Protect yourself and the buyer by using escrow.com. It's a simple process. Create a free account and select the "domain" option. The fee is very reasonable. I normally choose the "split" fee option, where both parties each cover half the fee.
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  • Profile picture of the author sbucciarel
    Banned
    I second escrow.com particularly if it's a good price. For lower priced domains, when I get payment, I push the domain. Not before.
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  • Profile picture of the author donnan
    Thank you so much for the replies.

    I am hoping to get $20,000 for my domain so I don't want to lose it or the money I believe it's worth.

    What sort of fee is charged to use escrow?

    What about bank transfer, is it generally used very much?
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    • Profile picture of the author sbucciarel
      Banned
      Originally Posted by donnan View Post

      Thank you so much for the replies.

      I am hoping to get $20,000 for my domain so I don't want to lose it or the money I believe it's worth.

      What sort of fee is charged to use escrow?

      What about bank transfer, is it generally used very much?
      All the info you need about escrow is at escrow.com. Bank transfer does not protect the buyer. Escrow protects both.
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    • Profile picture of the author theaffiliategeek
      With that much money involved escrow is the only way to go IMHO. You said something about a refund, unless you advertised some kind of refund policy,there is no refund required. After the domain is transfered to the buyer and the escrow company verifies that you have done so, they will release the money to you and it's a done deal at that point. If they ask for a refund after the domain is in their name, it would be perfectly ethical to tell them where they can go. That's my take, I'm sure some will disagree : )

      Pat
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  • Profile picture of the author donnan
    Thank you for the info guys. Very much appreciated.

    I have had this domain for a long time and it has earnt me alot of money over the years. It is sad to sell it, but I don't want to operate that business anymore so I needed to do something with it.

    I feel much more at ease now that escrow is the way to go to handle this payment. Thanks again.
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  • Profile picture of the author Kom
    Just bLike to joint to get More infornation
    make better to Improve
    some targeting traffic

    I am alway learn never stop time to time always change
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