8 {{ upvoteCount | shortNum }}
8 {{ upvoteCount | shortNum }}

Question about Flippa

by applegreensnake
6 replies
Hi,

I'm a beginner on Flippa.

The winning bidder on my site auction at the moment signed up 2 days ago and has no feedback.

I just realised this could turn into an issue.

1. How do I guard against fraud?

2. Can I choose not to sell to the highest bidder and instead sell to someone who bid a little lower but has feedback etc?

Thanks.
#flippa #question
  • Profile picture of the author CyberAlien
    Take a loom at these 2 guides on Flippa's site - you'll find your answers there

    https://flippa.com/safety/sellers

    https://flippa.com/deals/sellers-guide
    {{ DiscussionBoard.errors[8278269].message }}
  • Profile picture of the author sbucciarel
    Banned
    A winning bid is a winning bid. The only way to prevent new people with no feedback from bidding and winning your auction is to manually approve each bid (which I always do). The buyer has a certain period of time to pay for the site (a few days). If you've contacted them and they haven't paid after that time, open a dispute in Flippa (in the sale completion area). Flippa will contact them and also ban them if they do not pay. They will also allow you to relist your auction for free if they don't pay.
    {{ DiscussionBoard.errors[8278340].message }}
  • Profile picture of the author Humbee360
    Basically Flippa makes money on auction listings, it is likely their number one revenue stream, there is a lot about flippa that most people do not realize and so they end up spinning their wheels, usually making nothing. You tend to see these high dollar auctions and you think wow, I can do that but it is not as simple as it might appear...
    Signature
    "Everything goes where attention flows..."
    {{ DiscussionBoard.errors[8278621].message }}
  • Profile picture of the author applegreensnake
    Thanks for the replies.

    Is it common on Flippa for people to bid and then not pay when they win the auction?

    Is a new account with no feedback a red flag?

    If they do pay and it's via paypal, is there a way of scamming / fraud through paypal? So that i receive the funds but then somehow lose the funds from my paypal account...?

    sbucciarel / Suzanne: may I ask -- if someone doesn't have feedback, or has a new account, would you approve their bid?
    {{ DiscussionBoard.errors[8279376].message }}
    • Profile picture of the author Meharis
      Originally Posted by applegreensnake View Post

      Thanks for the replies.

      Is it common on Flippa for people to bid and then not pay when they win the auction?

      Is a new account with no feedback a red flag?

      If they do pay and it's via paypal, is there a way of scamming / fraud through paypal? So that i receive the funds but then somehow lose the funds from my paypal account...?

      sbucciarel / Suzanne: may I ask -- if someone doesn't have feedback, or has a new account, would you approve their bid?

      applegreensnake,

      Some sellers are giving "60 Days Free Hosting" and will transfer domain
      and site rights after 61 days from the transaction date.

      That way, the buyer wont be able to place a PayPal dispute.

      Meharis
      {{ DiscussionBoard.errors[8279475].message }}
    • Profile picture of the author sbucciarel
      Banned
      Originally Posted by applegreensnake View Post

      Thanks for the replies.

      Is it common on Flippa for people to bid and then not pay when they win the auction?

      Is a new account with no feedback a red flag?

      If they do pay and it's via paypal, is there a way of scamming / fraud through paypal? So that i receive the funds but then somehow lose the funds from my paypal account...?

      sbucciarel / Suzanne: may I ask -- if someone doesn't have feedback, or has a new account, would you approve their bid?
      It's common enough. Has happened to me numerous times. New accounts with no feedback are always a risk. Try communicating via pm with the bidder before accepting their bid. Even that isn't a guarantee that they will pay and won't do a Paypal chargeback or dispute.

      It's quite simple to scam you using Paypal. Just wait until the domain and site are transferred to you and then file a dispute or chargeback. If they win, they got it all, site, domain and the payment.

      I often do not approve new bidders with no feedback, particularly from high risk countries. The ones I am considering, I will pm to try to get a feel for the kind of person they are and their interest in the site.

      If you do want to sell to a new buyer but are afraid, use Escrow.com. Best way to protect both the buyer and seller.
      {{ DiscussionBoard.errors[8279524].message }}

Trending Topics