1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Should I transfer the sites first then receive money later?

Discussion in 'Site Flipping' started by hotpassion, Jun 9, 2011.

  1. hotpassion

    hotpassion Junior Member

    Joined:
    Feb 28, 2009
    Messages:
    183
    Likes Received:
    39
    Hi all,
    I need your advices about my fliiping sites.

    I have just sold a site in flippa for 6k. Since this is my first time selling in Flippa so I don't have any positive feedback, the buyer don't agree to transfer the money to me first. He asked me to transfer everything to him first, when transfer completed, he will send the money via wire transfer.
    About the buyer: he has been a member for 4 years with good feedbacks and +14 Trust point.

    Should I do this?

    Thanks for your advices.
     
  2. dolomoney

    dolomoney Junior Member

    Joined:
    Feb 17, 2011
    Messages:
    175
    Likes Received:
    37
    I guess it was okay in that instance but Its not a good idea in general. I just got scammed for a site that way
     
  3. Jonny Quick

    Jonny Quick BANNED BANNED

    Joined:
    Aug 26, 2010
    Messages:
    231
    Likes Received:
    340
    For 6K, I think you could spend a minimum for an escrow service to make certain everything goes well.
     
    • Thanks Thanks x 1
  4. bryanon

    bryanon Executive VIP Premium Member

    Joined:
    Oct 16, 2009
    Messages:
    1,395
    Likes Received:
    1,479
    As Jonny Quick said above, go with Escrow mate.

    I do a lot of direct wires both when buying and selling, and sometimes wire funds before getting the site but doing this requires both parties to be comfortable with the deal, trust each other and have proper contracts signed etc.

    If there's any doubt then an escrow service is the way to go.
     
    • Thanks Thanks x 1
  5. Codythebest

    Codythebest Senior Member

    Joined:
    May 29, 2009
    Messages:
    1,138
    Likes Received:
    880
    Location:
    Fuerteventura
    Home Page:
    You send me your files, he send me the money, then I do the exchange...
     
  6. bryanon

    bryanon Executive VIP Premium Member

    Joined:
    Oct 16, 2009
    Messages:
    1,395
    Likes Received:
    1,479
    Got your one way ticket to the Bahamas booked already?
     
  7. super11

    super11 Senior Member

    Joined:
    Mar 30, 2009
    Messages:
    879
    Likes Received:
    294
    Occupation:
    Full time Online
    Location:
    Home
    A guy lost 9k a month back by doing this. I was trying to search that thread for you but could not find it. If you read the first 5 or 10 pages of the site flipping section, you will find that thread.

    Seriously, use escrow.

    Edit :

    Found it for you:)

    http://www.blackhatworld.com/blackhat-seo/blackhat-lounge/305708-i-lost-my-source-income-after-being-conned.html
     
  8. Codythebest

    Codythebest Senior Member

    Joined:
    May 29, 2009
    Messages:
    1,138
    Likes Received:
    880
    Location:
    Fuerteventura
    Home Page:
    Yep, a nice hotel. Just need 6 grands and something that makes money on a regular basis away from home ;)
     
  9. fmycampus

    fmycampus Registered Member

    Joined:
    Dec 18, 2010
    Messages:
    52
    Likes Received:
    0
    Yes, but don't transfer domain until after