How to safely buy a domain from 3rd party?

[crabster2]

HI

I recently approached the owner of a domain via email about buying the domain.

We have agreed a price but now I am wondering how to go forward as there is a pretty obvious risk of getting ripped off.

As I've never bought a domain from somebody who has already registered it, is there any advice anybody can give?

Thanks!

[rocker]

Hi crabster2, welcome to WebmasterWorld.

I would suggest using an escrow service, such as escrow.com

[Samx]

Yes escrow is highly recommended. I have used escrow for several high value exchanges. Basically this is the process:

Buyer pays escrow the agreed fee
Seller sends domain to buyer
Buyer inspects the domain and has 2 days or more
Buyer instructs escrow to pay the seller if the buyer is happy.

Escrow does charge a fee but this is worth the piece of mind.

[algari]

Explore sedo.com or moniker.com; they seem to provide services for a commission