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Old 7 Jan 2021, 12:49 AM   #1
FredOnline
The "e" in e-mail
 
Join Date: Apr 2011
Location: Manchester UK
Posts: 2,385
GoDaddy customer wants to buy my domain!

I've received an e-mail from GoDaddy, one of their customers wants to buy one of my domains.

I purchased the domain, that had just expired, from the Namesilo Marketplace a few months ago - it's a 4-character dot com domain. I purchased it on a whim and thought maybe I would find a use for it, but so far I haven't.

The amount offered is a considerable sum, and the e-mail is from a legitimate GoDaddy e-mail address, and the GoDaddy broker himself held a record at the time for the highest value domain name sale - some $30 million!

Not that the offer for my domain is anywhere near that!

Question is:

Has anyone here on the forum had any experience of selling their domain name in this way?
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Old 7 Jan 2021, 01:14 AM   #2
janusz
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Quote:
Originally Posted by FredOnline View Post
Has anyone here on the forum had any experience of selling their domain name in this way?
Yes.
This was some 10 years ago, so don't remember who my registrar was at the time. I no longer have any emails related to the transaction.
I wish that domain was worth a considerable sum
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Old 13 Jan 2021, 02:16 AM   #3
FredOnline
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Well, that was a relatively painless experience!

The procedure is similar to transferring a domain to a new registrar.

You have to unlock the domain at your registrar, get the authorisation code, and send that code to the new registrar - in this case, GoDaddy.

Within an hour, I had received an e-mail from my registrar, acknowledging the change of registrar, and giving me 5 days to cancel the transfer.

I logged into my registrar, and confirmed the transfer and requested an immediate transfer - it went through in less than an hour.

Now, I had to await payment!

That took 5 days, but now I have the funds in my PayPal account!

But, for whatever reason, the amount was 10 cents less than the amount agreed!

The virtual drinks are on me!
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Old 13 Jan 2021, 02:35 AM   #4
janusz
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Quote:
Originally Posted by FredOnline View Post
the amount was 10 cents less than the amount agreed!
Sue the pants off the buyer 😁
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Old 13 Jan 2021, 08:56 AM   #5
TenFour
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Seems a little odd that someone gets delivery of the item before paying for it, but glad it worked out.
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Old 13 Jan 2021, 05:51 PM   #6
FredOnline
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Join Date: Apr 2011
Location: Manchester UK
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As GoDaddy were acting as the middleman, I had a certain amount of trust.

It would be entirely different if some stranger had just e-mailed me and asked to buy my domain.

As a seller, would you give the stranger the domain on the promise of payment in return?

As a buyer, would you trust the seller to transfer the domain if you paid them the money in advance?

You never really know who you're dealing with - are they legitimate, or is it a con where the buyer wants the domain so he can sell it on for a bigger profit?

You pays your money, etc.
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Old 13 Jan 2021, 08:12 PM   #7
TenFour
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Sounds like you did your due diligence.
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Old 13 Jan 2021, 10:36 PM   #8
janusz
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Quote:
Originally Posted by FredOnline View Post
As a seller, would you give the stranger the domain on the promise of payment in return?
As a buyer, would you trust the seller to transfer the domain if you paid them the money in advance?
When I was selling my domain it was a purely person-to-person transaction (not via any brokerage). I got the money first and transferred the domain later.

Quote:
Originally Posted by FredOnline View Post
You never really know who you're dealing with - are they legitimate, or is it a con where the buyer wants the domain so he can sell it on for a bigger profit?
Buying something (a domain, a house, a Picasso) for resale at a profit isn't a con, it's perfectly legitimate.
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