How to change ownership of a new domain

[minnapple]

I have sold domains before, but never as an outright flip.

I recently grabbed an expiring domain that I knew would be of interest to a potential buyer.

The issue I have experienced, is that the domain registration company will not allow the transfer until after 60 days of the original registration date.

Is this normal, and if it is, is there a best practice, procedural way around this lag time, while still maintaining ownership of the domain to the point of sale?

In this case the buyer does not have a problem with the situation, but it would beneficial to have a solution for further such transactions.

[creeking]

usually, moves between accounts (called a "push") are allowed.

if so, have the buyer open an account at the same domain company.

push the domain to the buyer's account after you have been paid.

[Webwork]

^What he/she(?) said^.

The reason/excuse registrars use for the "hold" is that credit card charges can be reversed for up to ~60 days.

Maybe the central registry doesn't like to deal with post-transfer reversals?

If anyone actually running a registrar knows exactly how this works I'd appreciate the insight.

[edited by: Webwork at 3:42 pm (utc) on Feb 10, 2011]

[minnapple]

Thanks creeking, and webwork, that makes total sense.