Hello,

A customer lost his domain a while back(expired before he signed up with us) and now has been trying to recover it for a few years.. I finally worked out a deal on purchasing the domain from the guy who has it now so I can recover it for my client.

He has it with godaddy. He said he wants payment via paypal then will send me the godaddy transfer.

How safe is it buying a name this way?

He just seemed too quick to jump at the first bid I put out there and didnt try to negitiate me up any.

If I have problems getting the domain from him after I pay him, would either godaddy or paypal help out?

Thanks Jason

well, like most here, my suggestion would be to use an escrow agent. better to be safe than sorry even if it's just 10 bucks

Thanks. Might need to insist that. Whats the best escrow place online for domains?

Thanks again.

Escrow.com is the industry standard. But it wouldn't be worth it if the price tag is too low (like low hundreds). And yes, you could always file a complaint with PayPal and have that account frozen. You said the seller was a "spammer"; how did you get that idea? Perhaps you can also ask for some reference, if he's a domain speculator.

Hi nameslave,

I will check out escrow.com Thanks, Spammer? He had the domain pointing to porn pages for awhile and did admit he used it for advertising his sites.

That doesn't necessarily make him a spammer, but again, if you are not comfortable sending money over first, ask for some reference (forum presence, past sales, etc.) or use a third-party escrow service.

Thanks I will see what he has to say. I am trying to see if there is someway I can confirm contact first since he has fake telcos in his whois..

or use sedo.com's escrow service its most secure than escrow.com if the sale is so big.

Thanks :) He insisted on doing everything though email and paypal. He was a verfied member of (1) so I took a big breath and went though with it, Well, the domain was pushed to me within 20 minutes and I have full control over it again, I called the origional owner right away and he was some happy to finally have the name back again :)

Jason

Originally posted by InternetPEI
Thanks :) He insisted on doing everything though email and paypal. He was a verfied member of (1) so I took a big breath and went though with it, Well, the domain was pushed to me within 20 minutes and I have full control over it again, I called the origional owner right away and he was some happy to finally have the name back again :)

Jason
Congratulations! A verified member of (1) is not particularly impressive, but hey, you've got it finally. :party:

Yep :D

Thanks :)

Originally posted by InternetPEI
Hello,

A customer lost his domain a while back(expired before he signed up with us) and now has been trying to recover it for a few years.. I finally worked out a deal on purchasing the domain from the guy who has it now so I can recover it for my client.

He has it with godaddy. He said he wants payment via paypal then will send me the godaddy transfer.

How safe is it buying a name this way?

He just seemed too quick to jump at the first bid I put out there and didnt try to negitiate me up any.

If I have problems getting the domain from him after I pay him, would either godaddy or paypal help out?

Thanks Jason

It's absolutely ESSENTIAL to use an escrow (trusted third party) service for domain name transactions--(there may be exceptions--like if youre selling to your dad or something lol...but)

I use escrow.com and although I have only done one transaction with them the process was flawless.

the sale closed saturday and the money was wired in cleared funds to my account on Monday - just awesome

the whole process from acceptance of the buyers offer to cleared funds was less than two weeks

some brokerage sites insist you use THEIR escrow service - I have done this with afternic.com (one transaction) and it went just fine

but when no service is specified escrow.com is THE ONE

I forgot to add--it's the only escrow service recommended by E-Bay - quite a compliment

Carl

Originally posted by carledgar
It's absolutely ESSENTIAL to use an escrow (trusted third party) service for domain name transactions--(there may be exceptions--like if youre selling to your dad or something lol...but)


I disagree. I have conducted well over a hundred $200+ PayPal domain sales and purchases. A few have been up around the $1200-$1800 range.