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Official Flippa Rant Thread: Updated on an ongoing basis

Discussion in 'BlackHat Lounge' started by Beet, Sep 11, 2019.

  1. Beet

    Beet Newbie

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    Who, me?
    After my last rant about FLIPPA and how their own Admins are listing false (sites with inflated and fake metrics) websites for sale, I decided to create a new thread for complaints and observations that are going on there.

    You can check the previous thread https://www.blackhatworld.com/seo/flippa-has-new-site-admins-who-are-listing-their-own-sites-that-seem-super-shady.1156904/

    The issues I pointed out on that thread were all true and other users called them out on Flippa comment sections, it went so far that other users found the admins didn't even have proper licenses for some of their "service" sites . But to move forward now...

    Now turns out that Flippa has cash flow issues. Multiple high value property sellers haven't got their money for weeks and some for months.

    It seems that they will pay out for multiple smaller sellers and keep the monies on hold for larger transactions.

    This seems logical if they actually have cash flow issues, since it's much more convenient to keep dozens of large sums locked than hundreds of smaller amounts because there would be less complaints obviously.

    As much as I understand the support is not even responding to some of the guys who's money has never arrived from escrow.

    Couple days ago they did new changes to auction times. Now you can list only auctions up to 7 days - Move done just to collect more and more fees so people would list more often.

    This is an extremely weird move, considering the fact that there are no customer's and cutting auction times 400% will end up most listings of "no sale" .

    Will update this thread accordingly, the sole purpose is to observe the worst main stream IM company and management of the industry. (And of course to whine)