Purchasing a High Dollar Domain Name...

raising the comfort level

[Import Export]

I am the buyer. The price was nagotiated for the domain in the 5 figure mark. All is well except for my comfort level in using an escrow service for this type of transfer. I have concerns with the actual transfer and also with somehow loosing my funds.

The escrow company I will be using is sedo.
The registrar I was going to use for the domain is godaddy.

Any personal experiences or opinions with this type of transaction and or with these companies are much appreciated.

Take care

[fischermx]

Sedo is 100% secure, nothing to worry about.
I've made transactions there in the $X,XXX as buyer and seller, always succesfull.

[Import Export]

Someone else just said the same thing. I also did some searching to find anyone's bad opinions on other message boards and blogs and didn't find too much. I think I am going to transfer the funds.

Thanks for the input :)

[Lex_Luther]

I just did a deal thru sedo last week. Excellent company and thier staff is the best. They also will keep you constantly updated as the transaction progresses. You'll be in good hands

[Webwork]

The whole trick is that the funds not be released until the domain is in "lock down": In an existing account only controlled by you, not an account that is a sub-account of the domain seller.

[robho]

Sedo are fine and are OK to trust with large amounts.

As a seller I find them extremely slow and they were poor at keeping me updated.

[Sobriquet]

the updates from sedo are very slow.

[iridium]

Hi,

Yes as others have said, Sedo is reputable but can be very slow.
Since you are already in touch with the seller, I don't see why you would not use the excellent ESCROW.COM. They have a very easy to use "domain escrow" service and the fees are very reasonable.

BTW is the name already at GoDaddy or at another registrar?

[TinkyWinky]

ESCROW.com is excellent - have used for $xx,#*$! transactions with no problem - plus when I had a panic once they stopped release for a further 24 hours even though I had authorised.

Can't recommend enough!

[Celicaphile]

I'll have to keep that service in mind... I've used Escrow.com & was happy w/ that transaction, especially since I was the one selling the site ;)

[sachac]

I sold a domain last week for xx,#*$!, through Sedo and the transaction went very smoothly. I also bought a few through escrow.com with no problems.

[Import Export]

*FOLLOW UP*

A transfer takes time, however, SEDO was very helpful and made sure there was a smooth transaction.

On a side note, they did go and post the domain & final $ amount I paid on a look-how-much-these-sell-for domain-news website. I would have rather kept the sales details private.

Overall I am very pleased with their services.

[voltrader]

I can vouch for slow process with Sedo. While secure, there are about 5 steps, each which take about 4 days. Prepare for a 3 week wait to conclude the sale.

I've been in the process of selling 3 domains for over 2 weeks already. Time can't go fast enough.

[robho]

On a side note, they did go and post the domain & final $ amount I paid on a look-how-much-these-sell-for domain-news website.

They did the same for me last year when I used their escrow service for a privately-negotiated sale. Publicised it in a "top sales" list which gave the appearance they helped sell it, and without asking either party.

So when I had a good $xx,#*$! sale earlier this year I went to escrow.com, and that deal has remained confidential (and was completed within a matter of hours, not weeks).