But the .co.uk names seem to cost 30 GBP plus VAT (total US$ 64), to transfer (change owner) via Nominet, and what's worse is it's a paper-based process which can cost more than that in time.
Since 99.9% of domain names have a value lower than this, is there any other option?
There are some nice .co.uk names on the market, but these transfer costs make trading in them, or even acquiring a few more to develop, very expensive compared to .com.
Effectively a new registration hence the new registration fee.
Actually the Nominet transfer cost is around 10 times the cost of registering a new .CO.UK domain. I presume this is because it's a manual paper-based procedure.
There was a note on the Nominet site a while back that they would be introducing an online transfer service "this year" but that seems to have been deleted now.
Another way that we as Nominet tagholders "transfer" domains in the first few weeks of their life is to delete and re-register them in the purchaser's name upon receipt of cleared funds. Saving a rainforest and the £35 fee in one fell swoop!
get the vendor to sign the official Nominet transfer document
It's a good idea for names I intend to trade reasonably quickly. But one concern with this would be if Nominet change their procedures and in future require a different form.
This has already happened with the transfter forms printed on the back of the certificate, which they no longer accept. Difficult to go back to the original seller and get them to complete a new form!
Has anybody any information on whether Nominet will be doing online transfers anytime? (the legal issues are no different for .com but those transfers are secure enough nowadays).
As far as I know there are no actual timescales for the introduction of online registrant transfers and until the fraud prevention issues are cleared up I would argue that it is not a good idea to introduce online transfers.