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Due diligence is key. Have you at least spoken over the phone? Do they have an established company? I wouldn't pay for anything until I got the goods FIRST!
It sounds like you're on the right track though, half after you get the domain and the other half after the site transfer.
I've been lucky in the past 10 years and never gotten scammed, usually if it smells bad it is bad. just my 2
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