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Question regarding independent sale through godaddy.

Discussion in 'Site Flipping' started by thegodyouthank, Aug 7, 2012.

  1. thegodyouthank

    thegodyouthank Newbie

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    I have been contacted by someone who wants to buy a domain name I own for a very good price. They have told me to go to godaddy and follow the instructions here: http://support.godaddy.com/help/article/822/moving-a-domain-name-out-of-your-account?locale=en and they will pay me upon seeing that I have transferred the domain into their account.

    My question is...if i do this and they then decide not to pay, do I have any recourse? Once I transfer the domain is it officially theirs? Is this a safe way to transfer a domain, or is there a method of transfer through godaddy in which I can be sure I WILL be compensated. I don't intend to let this domain go only to find out that I won't be able to collect compensation from this person who I have never had any interaction with prior to the email asking if I would be interested in selling. This would be the first of my domains I've ever sold in this manner...so I am just very wary of the idea of simply transferring the domain only to find out that it is now under their ownership and they do not have to pay me if they so choose.
     
  2. bryanon

    bryanon Executive VIP Premium Member

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    Use an Escrow service like Escrow.com or Sedo.com's escrow (the latter being somewhat better for domains as they actually take the ownership of the domain for the duration of the transaction).
    If the buyer refuses to use Escrow then 99.99999% you're dealing with a fraudster.
    Never push the domain first without securing the funds, ever.
     
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  3. neobboy

    neobboy BANNED BANNED

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    Never transfer the domain unless you get payment, or choose escrow, by many services. Not that they do not pay, but it is really hard now a days, to leave domains.
     
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  4. thegodyouthank

    thegodyouthank Newbie

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    Thanks for the advice. I didn't think it seemed like a good idea. I've since contacted him and given him my acceptable methods of transfer. We'll see how he responds. ;)