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Buying Domain Name - Fax Credit Card Details

Faxing credit card details to complete the sale would you?

     
7:09 am on Apr 15, 2006 (gmt 0)

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i was going to buy a domain name for $700 down from $5000 but the company emailed me word doc where i need to fill in my credit cards details and fax it off too them, i am worryed i never bought a domain name like this before, i did ask to use escrow but they dont use them, so would you fax your credit card details?
8:37 am on Apr 15, 2006 (gmt 0)

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My gut says never do that.

Use escrow or sedo or paypal.

2:10 pm on Apr 15, 2006 (gmt 0)

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Depends on indicia of legitimacy and reliability:
  • Years seller in business
  • Recognized as industry player
  • Positive or negative buzz in the domainer community
  • Etc.

If the company checks out as legitimate then I would be inclined to do business.

You can fax or phone your credit card details to the most legitimate business on the planet. That doesn't mean that, on any given day, someone in that company won't commit a wrong.

3:45 pm on Apr 15, 2006 (gmt 0)

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Thanks guys, i am going to let this sale go not worth the headache!
5:14 pm on Apr 15, 2006 (gmt 0)

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How can someone drop the price of something 86%?

It tells me that it wasn't worth that price in the first place.

This is one of the most basic tricks in sales, it makes you think you are getting a real good deal.

For me to spend 5000 on a domain name, it would have to be a good 3 letter .com or a nice one word .com, probably with traffic also.

Even 700 is a lot, unless it's something you have looked seriously into and nothing else will do.

Have you looked into different extensions?

Be careful faxing your credit card details to anyone you don't know. For that amount I would use Escrow.

8:04 pm on Apr 15, 2006 (gmt 0)

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They probably asked you to fax back the information to them because it helps them in case you decide to do a chargeback. Depending on your reason (if you did do a chargeback) - it might not be approved because they have your signature on file

-Corey

9:34 pm on Apr 15, 2006 (gmt 0)

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Chris Bolton "How can someone drop the price of something 86%?"

i did a search online "companyname" and found a news story on them how someone was interested in buying a domain name off them for $4000+ and after a few weeks and emails he got them down to $150 WOW.

So i did the same ; )

10:25 pm on Apr 15, 2006 (gmt 0)

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> i am going to let this sale go

I offer congratulations to you for not overpaying for a domain. Use still possess your $700, as you elected to not apply it on what may very well have been a poor purchase decision. Use it wisely.

In the future, when you read about someone selling their mid four figure domains for less than 400, remember this moment, and do your level best to resist the urge to overpay once again. After all, paying even $40 for an $8 domain is not a bargain if all you get in the end is a mediocre domain and the false pride of not having paid $800 :)

5:24 am on Apr 16, 2006 (gmt 0)

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what was the domain?

Woz

7:45 am on Apr 16, 2006 (gmt 0)

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> what was the domain?

Um, lets not go there please.

Onya
Woz

9:09 am on Apr 16, 2006 (gmt 0)

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>>so would you fax your credit card details?

of course, this is safe.

you can reverse the transaction if you don't get the domain name.

i don't know what the issue is.

as for those who are going on about price/value in this thread ... that wasn't the question and is not relevant as to if faxing your credit card details is safe or a good way to complete the deal.

9:42 am on Apr 16, 2006 (gmt 0)

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someone was interested in buying a domain name off them for $4000+ and after a few weeks and emails he got them down to $150 WOW.

Only "wow" if the domain was worth something more than $150. Not all that many are, but if even a fraction of people pay something nearer a ridiculous asking price, that's "wow" for the seller.

 

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