DomainNameSales.com (Internet Traffic) New Escrow.com Intergration

DomainNameSales.com has added a new “Escrow Integration” tab in the “Settings” section at Internet Traffic accounts. This allows DNS to integrate with Escrow.com for quicker, easier closing with your buyers. The New “Escrow Integration” tab lets BIN buyers self-check out prior to interacting with a broker. You can set fees, select who pays fees for BIN names and let buyers initiate transactions including brokers in “accept offer” transactions. This make closings faster for the buyers.You can also choose the inspection period and the “Disclosure Mode”.

Simply enter the email address of your Escrow.com account to allow the system to queue transactions in your Escrow.com account. DNS does not require your Escrow.com password to enable this functionality. Click here to update your escrow integration.

How and why to keep your domain sales private at Afternic and Sedo

Afternic and Sedo publish a weekly report of domain name sales. Private sales don’t appear on these reports. If you have your domain names listed at Afternic and Sedo there comes a time when you want to keep one of your domains and sales price private.

There may be a few reasons about this decision. You may want to buy a similar domain to the one you just sold that you think is offered very cheap compared to your sale. You could use the domain to substitute the domain you just sold in your portfolio or even offer it to your buyer for a quick flip. This similar domain might be coming up in an auction very soon so more attention will bring a higher auction price.

One other possibility is that you own many similar domains that you want to offer to the buyer once the buyer’s identity is revealed after the sale. Many domainers are watching the Sedo and Afternic reports and a few are offering similar domains to the buyers. You don’t want your email getting lost between 10s of emails from other domainers and hundreds of similar domains.

Also some domainers don’t want to reveal what they buy and sell. They want to keep their strategy hidden. Especially if they want to keep their domain niche a secret.

Keeping your sales private at Afternic is simple and free. You just need to contact  Afternic support and ask them to keep your sale private and that will keep the domain transaction from appearing on the weekly Afternic report.

At Sedo, apart from the usual 10%-20% commission, the seller (or buyer) may choose to further pay a publicity waiver fee of 2.5% of the sale price to request the non-release of the domain and sale price. This used to be free until Sedo got greedy and started charging this 2.5% fee. I don’t understand why the fee is percentage based. Maybe I would understand a flat $15 fee but what is the point of the percentage? A 100k sale would incur a huge 2.5k fee. That is a lot of money for simply hiding a single sale. An average 15% fee should be sufficient for Sedo to offer clients such a simple service. Of course if the buyer wants to keep the sale private, he/she is the one to pay the 2.5% fee.

Actually the best way to keep your domain and sale price hidden is to use an escrow service like escrow.com or ecop.com. But that doesn’t apply to sales coming through the Afternic and Sedo channels.

CAUTION: Escrow.com has not been sending some (or all) transaction emails plus the “continue” button is gone

I was waiting for a wire transfer to arrive from a buyer for a transaction at Escrow.com. I hadn’t received the usual email from escrow.com (please log in into your account) so I thought that there was some problem with the banks or that buyer hadn’t put the correct transaction id on the wire transfer. So I logged in into my account to file a support ticket only to see that payment had arrived 2 days ago. I didn’t get any emails from escrow.com about this. I don’t have a spam filter so I couldn’t loose the email. I am not sure when this problem started and how widespread is. If you have pending transactions it’s a good idea to log into your account and not wait for the email to arrive. But I had another problem…

Escrow instructed me to transfer the domain name to the buyer:

Submit the domain name transfer to the Buyer

• Escrow.com has secured the Buyer’s payment.
• The domain name transfer process varies with each registrar. Please communicate with your Buyer and the registrar directly to complete this process. Escrow.com does not transfer the domain
• After the transfer process has been started, please click the continue button to move the transaction forward and provide your Buyer the opportunity to mark the domain as received on the Escrow.com site.

 

Problem is that the continue button is nowhere to be found! I have tried to login with 3 different browsers but I can’t see it. I filed a support ticket about all these problems but the first reply was not helpful. I will not transfer the domain until all issues have been resolved.