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  1. #1
    Join Date
    Oct 2002
    Posts
    10,988

    Sedo Deadbeat-arama Galore

    Aside all the whinning we do (I am including myself and I) ...
    Does anybody has suggestions on how to improve their system?

    If I recall correctly the "certification" idea was brought out here at DS (before it was implemmented).




    I just had one of those Dead beats:
    (bidder was "Cat 4" so I am baffled , reason why I decided to send to auction)

    http://domainstate.com/showthread.p...ratismusica.com


    To the Sedo Rep:

    How long are you going to hide and actually address this issue?

    A sedo stakeholder.
    "

  2. #2
    Join Date
    Oct 2002
    Posts
    10,988
    You can only ignore this issue for so long...
    "

  3. #3
    Join Date
    Feb 2003
    Location
    Ashland, Oregon
    Posts
    2,843
    Perhaps there could be some way to get a credit card on file, and winning bidders get some kind of pre-authorisation or at least 10-25% deposit on the name taken automatically at end of auction?
    I'm pretty sure that'd scare away 99% of rogue bidders...

  4. #4
    Join Date
    Sep 2004
    Posts
    3,313
    The minimum bid is $60, so a $60 bid fee that would be credited towards purchase would do the trick.

    But then they would have people disputing CC charges etc... once they backed out. You have up to a year to do this.

  5. #5
    Join Date
    Oct 2004
    Location
    Cambridge, MA USA
    Posts
    526
    Hello Everyone,

    Sedo asks that members certify their account before accessing some of Sedo’s services. All buyers are required to certify their account before submitting offers. This improved protection benefits all Sedo members by shortening our domain transaction process and enabling us to offer highly competitive parking payouts.

    Despite our three levels of certification, a transfer may still be canceled due to a buyer's non-payment. If this does happen, the buyer's account may be closed as they have refused to follow through with a legally binding contract.

    We do have a Security and Compliance Department that is dedicated to analyzing accounts that may be of high risk and monitor all auctions. If you ever feel as though there may be fraudulent activity with a member or an auction, you can let us know and we will look into it right away.

    A "bid fee" idea brought up by subg may be a good idea as all offers placed would have to be over that marketplace minimum amount. However this would be a big change to our marketplace system.

    Please share with me your ideas and I will pass them onto the appropriate departments.

    -Carolyn
    Customer Care :: Support.Sedo.com

  6. #6
    Join Date
    Sep 2002
    Location
    .com.au
    Posts
    11,053

    Re: Sedo Deadbeat-arama Galore

    Originally posted by Domo Sapiens

    If I recall correctly the "certification" idea was brought out here at DS (before it was implemmented).
    Personally I think the new certification system is more of a hinderance than a help, I've now had two auctions end at $9999 and probably wouldn't use Sedo again unless I was fairly sure it wouldn't go above mid 4 figures because it is a roadblock for genuine bidders aswell as the deadbeats. (in both cases bidders contacted me afterwards saying they'd have paid more but couldn't get certified in time).

    I think Sedo needs to look hard at the deadbeat level previously (was it really high enough to justify all this?) and simplify the system so certification is automatic and can be done in 5 minutes (a credit card on file is probably enough).
    Last edited by snoopy; 08-25-2009 at 06:56 AM.

  7. #7
    Join Date
    Sep 2004
    Posts
    3,313
    I have opted out at $9999 before, just because I'm too lazy to move my certification up to 10k+.

    Also, I feel I don't need to send them $1k, as I have never backed out of an auction, and been with them for years.

  8. #8
    Join Date
    Nov 2002
    Location
    Here & there.
    Posts
    5,366

    Re: Re: Sedo Deadbeat-arama Galore

    Originally posted by snoopy
    Personally I think the new certification system is more of a hinderance than a help, I've now had two auctions end at $9999 and probably wouldn't use Sedo again unless I was fairly sure it wouldn't go above mid 4 figures because it is a roadblock for genuine bidders aswell as the deadbeats. (in both cases bidders contacted me afterwards saying they'd have paid more but couldn't get certified in time).
    Yikes I hadn't considered that scenario before, but that is a very serious (i.e. heavily stacked AGAINST the seller) disadvantage.

    Did both/either of those auctions include/meet reserve?
    "Just when I thought that I was out, they pull me back in!"

  9. #9
    Join Date
    Sep 2002
    Location
    .com.au
    Posts
    11,053

    Re: Re: Re: Sedo Deadbeat-arama Galore

    Originally posted by doughmein
    Yikes I hadn't considered that scenario before, but that is a very serious (i.e. heavily stacked AGAINST the seller) disadvantage.

    Did both/either of those auctions include/meet reserve?
    Yes, both met reserve,

    one was libel.com, the other forgive.com,

    http://greatdomains.com/auction/auct...92&language=us

    http://greatdomains.com/auction/auct...92&language=us

  10. #10
    Join Date
    Aug 2003
    Location
    San Diego, CA
    Posts
    2,174
    I think Sedo has improved considerably... they've done very well for me lately, only about 10% deadbeats.
    The only reseller brave enough to post prices: TheNameStore.com

  11. #11
    Join Date
    Oct 2002
    Posts
    10,988

    Re: Re: Sedo Deadbeat-arama Galore

    Originally posted by snoopy
    Personally I think the new certification system is more of a hinderance than a help, I've now had two auctions end at $9999 and probably wouldn't use Sedo again unless I was fairly sure it wouldn't go above mid 4 figures because it is a roadblock for genuine bidders aswell as the deadbeats. (in both cases bidders contacted me afterwards saying they'd have paid more but couldn't get certified in time).

    I think Sedo needs to look hard at the deadbeat level previously (was it really high enough to justify all this?) and simplify the system so certification is automatic and can be done in 5 minutes (a credit card on file is probably enough).
    Never thought about it from that angle.
    "

  12. #12
    Join Date
    Jan 2010
    Location
    US
    Posts
    3

    Not sure this is fixed...

    had a bidder at 99K - turn out to be fraudulent account. Thought Sedo had a certification process for buyers - but apparently still not effective as recently as a month ago (1/10)..

  13. #13
    Join Date
    Dec 2011
    Posts
    10
    I am new in this field so tell me please how can i park a site in SEDO?

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