OnlineDomain.com Domain Name News & Opinions
DNWE.com announced its integration with DAN.com!
Here are all the details that DNWE shared today:
- We will begin accepting domains as low as $99+ rather than $299+.
- All transactions and transfers will be automated through our integration with DAN.com.
- The minimum commission fee of $50 is being eliminated!
- Buyers will NO LONGER be charged an additional fee for PayPal/Card payments.
- Commission will be 12% flat across all price points. (example: A $299 sale will incure a $35.88 commission fee)
- We are super excited about removing the manual friction on our platform and we believe these changes are going to benefit both our buyers and sellers tremendously! No more headaches during checkout and Escrow!
What do you need to do?
It is important to note that as a seller you will need to have a DAN.com account going forward. When the update is released you will need to add your DAN “Distribution Network ID” inside your DNWE profile settings which will replace Escrow.com and Epik Escrow. This DNID can be found inside the settings of your DAN.com account (See screenshot below).
What else should you know?
On Sunday, August 23rd DNWE will be removing all of the current domain listings and updating the platform along with its terms of service. If you have domains currently listed on the platform, these will show up in your expired listings tab after the update is complete. If you still wish to sell any names that were previously listed, you must log in to your account and resubmit them under the new terms of service.
As we said, this is the beginning of many exciting updates to DNWE. We are grateful to have you as a valuable member on our platform and look forward to continuing our mission to empower domain investors through DNWE.
Thanks Kon,
It’s important to note that we are incredibly thankful to both Escrow.com and Epik Escrow for handling so many transactions for us to date. They did a great job and we truly appreciate it.
For us this is the start of a new chapter where we really focus on the technology side of things. In that regard we think DAN are making incredible progress with automation and we couldn’t pass up the opportunity to work with them.
Josh
Support@DNWE.com
So you are going to be working exclusively with DAN…
Sorry, am I missing something?
If Dan charge 9% why would I pay another 3%?
If DNWE has a separate audience then Dan serves no value, if on the other hand Dan has the audience that might bring a buyer to DNWE is one not better off at Dan in the first place?
If DNWE wants people to register with them then it should cost no more and no worse terms than Dan.
One thing I would like to know Kon, is where would you recommend I sell a dormant UK company that has been established for over 20 years, has a paypal account and owns all the relevant TLD’s for it’s company name?
It was a marketing / consultancy company, but the name could be used for anything entrepreneurial really.
I do not think Flippa would get the right audience.
Any ideas?
You pay for the DNWE services as a marketplace.
The fee was 9% when using escrow.com. It is now 12% as DAN alone charges a 9% fee. (Not sure if DNWE gets a better deal than 9%.)
DNWE has a separate audience and DAN is used as the payment processor.
Not sure about the company you have. What else are you selling besides the domains names?
Hi Neal and Kon,
I just want to want to add that before the change to DAN our commission was 9% WITH a $50 minimum. Now with DAN our commission is 12% but with no minimum. This means that now on sales up to $416 you’re actually going to pay less commission than before!
Josh
Support@DNWE.com