They take $150 in fees (on this name anyway) and allow the buyer as much time as s/he wants to pay?

Given the rampant speculation, allowing buyers 3-5 days ++++ to pay is ridiculous.

In the real (domain) world, if you don't pay in two days, you're toast. I never let my escrows go longer than three days top. If I take longer than a day or two to pay for a name, I apologize to the seller.

The amount I sold for on sedo is well within range of a normal credit card limit, so there's even less excuse.

B.S.

I think I'll go on sedo and lock up the best name I can find and spend a week flipping it before I have to pay.

Originally posted by InnovationHQ


I think I'll go on sedo and lock up the best name I can find and spend a week flipping it before I have to pay.

Sounds like a plan

A week passed and no payment.

Is this common on sedo?

They've allowed a buyer up to a month on my sales. It's always the excuse "the buyer was traveking", toi which my reply is always "Tell me what country does NOT have an internet cafe". Unless they are hiking Kilimanjaro or sailing around the world on a tiny boat, the excuses are always BS.

Got somone right now who agreed to a purchase, didn't pay for a week, then said they would pay 20% of the agreed price. Now they're submitting offers via Sedo, and I want their account termined.

Originally posted by InnovationHQ
A week passed and no payment.

Is this common on sedo?

In some cases. I just got paid today for an agreement reached on 10/20. This seemed like a normal speed transaction. I was pleased. When you say no payment, has the buyer already confirmed their details and all that stuff?

Originally posted by 218
In some cases. I just got paid today for an agreement reached on 10/20. This seemed like a normal speed transaction. I was pleased. When you say no payment, has the buyer already confirmed their details and all that stuff?

It took 10 days to complete a transaction and you're happy?

I have no idea whether the "buyer" has confirmed his details or not.

What a joke.

Originally posted by InnovationHQ
It took 10 days to complete a transaction and you're happy?

I have no idea whether the "buyer" has confirmed his details or not.

What a joke.

I said pleased, not happy. Go into your offers and look to see whether it says that they are waiting for the buyer to confirm their details or if the buyer has confirmed their details.

2005-10-24 We have invoiced the buyer for the sale of your domain. As soon as the payment reaches our escrow account we will inform you and begin the technical transfer.

I've got this in my offers section. I guess this means they are waiting for the funds to clear then.

A few weeks for a Sedo transfer is normal, I have often reached a month. Worst one took about half a year.

Originally posted by 218
I said pleased, not happy. Go into your offers and look to see whether it says that they are waiting for the buyer to confirm their details or if the buyer has confirmed their details.

Thanks for the tip. He hasn't confirmed his details.
I'm not holding my breath. I don't really care--it's the principle that Sedo allows this nonsense to go on.

I agree, buyers should confirm their details before they're allowed to make offers.

I've complained many times about this to them -- I do not want offers from people with fake accounts, it wastes my time, and when any broker wastes too much of my time, I stop dealing with them.

This, along with allowing the daily low-ball offers like ($60 offer - $50 commission) $10 for for a 3 letter name keeps pushing me closer to pulling the plug on Sedo.

That's too bad, I like them and they could be great, but they are clearly NOT listening to their customers and allowing the bogus offers to continue.

Originally posted by any URL
I've got this in my offers section. I guess this means they are waiting for the funds to clear then.

It means the buyer has yet to pay anything.

InnovationHQ I'm sure theres no doubting your domain selling acumen but, surely you make allowances for the possibility that a sale via Sedo is an enduser - That school expects at least 30 days (more likely 60) and thats after delivery of the goods. The idea of paying in advance for what they see as a business purchase being totally alien

Sedo takes a very long time to acknowledge receipt of wires most of the time and twice I've had messages about wires supposedly being over 7 days late, when I email them telling them it was sent 7 days ago the wire magically appears.

I've never had this kind of problem with any other escrow company, in fact afternic and escrow.com always acknowledge within about 12 hours of a wire being sent. I now just expect any transaction with sedo to take at least one week.