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Need advice on selling website on Flippa ...

by jerytohn
12 replies
Just got a website up for sale on Flippa. First time using it and thought it would be similar to eBay?

But I have found that I can accept credit card, Paypal and Escrow as payment. Need advice on how I will be receiving the funds if I were to accept any of the payment methods. Will it go through Flippa or ...
#advice #flippa #selling #website
  • Profile picture of the author lotsofsnow
    I suggest to use escrow if you want to avoid giving the site away for free.

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  • Profile picture of the author onegoodman
    I never sold a website on flippa. I personally a PayPal person but maybe hpgoodboy have an experience since he mentioned escrow. I used escrow only for paying before never for selling. Maybe i should give it a shot
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  • Profile picture of the author jerytohn
    Thanks for the replies guys. I am leaning towards Escrow and have just registered with them. But I am still wondering ... if the buyer were to pay by credit card, where do the funds go to and how will I receive them?

    Also, if I were to use Paypal and get the buyer to send the funds first, will that be safe for me (assuming the buyer agrees)?
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    • Profile picture of the author Thomas Smale
      Originally Posted by jerytohn View Post

      Thanks for the replies guys. I am leaning towards Escrow and have just registered with them. But I am still wondering ... if the buyer were to pay by credit card, where do the funds go to and how will I receive them?

      Also, if I were to use Paypal and get the buyer to send the funds first, will that be safe for me (assuming the buyer agrees)?
      Don't get paid by CC, this is the worst way to receive payments for sites. You would need a merchant account or similar to accept CC.

      Try to use Escrow if you can. Paypal isn't particularly safe as a seller, so avoid if possible.
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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 jerytohn
        Originally Posted by Thomas Smale View Post

        Don't get paid by CC, this is the worst way to receive payments for sites. You would need a merchant account or similar to accept CC.

        Try to use Escrow if you can. Paypal isn't particularly safe as a seller, so avoid if possible.

        Is it to say that the payment for Paypal can be reversed for a seller?
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        • Profile picture of the author weborithm
          Originally Posted by jerytohn View Post

          Is it to say that the payment for Paypal can be reversed for a seller?
          Yes, it's possible.

          But, since Flippa allows you to view your bidders history it is recommended to check your bidders profiles before accepting their bids. Most of them have some sort of buying/selling history.

          If the bidder is a new registrant then it's best to have a chat with them first before you accept their bid. You can do this via the messaging system in Flippa.

          Also, if you get paid via PayPal simply remove the money from PayPal immediately and do not leave any money in your bank.

          The popular option seems to be Escrow, though I've never tried it myself.

          Best of luck with your listing!
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          • Profile picture of the author jerytohn
            Originally Posted by weborithm View Post

            Yes, it's possible.

            But, since Flippa allows you to view your bidders history it is recommended to check your bidders profiles before accepting their bids. Most of them have some sort of buying/selling history.

            If the bidder is a new registrant then it's best to have a chat with them first before you accept their bid. You can do this via the messaging system in Flippa.

            Also, if you get paid via PayPal simply remove the money from PayPal immediately and do not leave any money in your bank.

            The popular option seems to be Escrow, though I've never tried it myself.

            Best of luck with your listing!

            How do I remove the money immediately? Can I send it to another account or immediately do a bank transfer?

            Also, once the funds are out of my Paypal account, can Paypal still chargeback to my credit card?
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            • Profile picture of the author weborithm
              Originally Posted by jerytohn View Post

              How do I remove the money immediately? Can I send it to another account or immediately do a bank transfer?

              Also, once the funds are out of my Paypal account, can Paypal still chargeback to my credit card?
              Just do a transfer from paypal to your bank. If you're in the U.S it's free.

              If it's a small amount I wouldn't worry so much about using PayPal.

              Yes, I believe they can chargeback to your CC. That's why they're so anal about linking a CC to your account.

              Bottom line: Do your homework on your bidder before you accept their bid. Most of the time it works out fine.
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        • Profile picture of the author Thomas Smale
          Originally Posted by jerytohn View Post

          Is it to say that the payment for Paypal can be reversed for a seller?
          Yes, it can. Paypal is always a bit of a gamble.

          Escrow really is the best way to go unless it's a really small sale (under $500) and you can afford to potentially lose the cash.
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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 jerytohn
    Anybody? .....
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  • Profile picture of the author admee
    Always use Escrow.com - its worth the money and covers your buyer and you. I have written about I got scammed on flippa on my blog - makemoneycure.com

    You are the seller so that being said you're the one who is safer really so I usually dont worry as much.
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  • Profile picture of the author sbucciarel
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    If you get the money via Paypal, they can file a dispute and maybe even win. You would then be out the money and out the site.

    Escrow protects both the buyer and seller. You get the money after the site has been transferred and both agree (you and buyer) that you've received what you should have received.

    I've accepted Paypal for a lot of sites, but it is a risk. To reduce the Paypal risk, you could ship the site on a CD in addition to digital download. That would be proof of delivery.

    Through escrow, I imagine they send you a check. Not sure about that.
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