Sold Domain - Escrow question

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  • MyCamProfile
    Confirmed User
    • Jan 2011
    • 354
    #1

    Sold Domain - Escrow question

    Well I just sold my domain for $4200 through Godaddy. Then it sent me through some escrow bullshit. She's made the payment and they are waiting for it to clear.

    How long does it generally take for the money to come to your bank account after a sale?

    It's a personal friend that is buying it.. She doesn't even want the domain actually.. but she lives in India and it seems the only way we figured out that she could send me money because of all the restrictions (No WU, paypal, moneygram, etc.).

    Anyone here from India?

    Because she will have to apparently wire the money too Escrow. I am not sure if they will allow her to do that because of their restrictions? Anyone got info on that?

    Thanks
    Tags: None
    • Naughtyname
      Confirmed User
      • Nov 2010
      • 1878
      #2
      I am not 100% sure but I think godaddy pay all money on set dates! So regardless of when the domain was sold you will not get the payment until the time they process all their outgoing payments.

      I may be wrong but I think I read this somewhere before on some domaining forum, can't remember which one though.

        Comment

        • u-Bob
          there's no $$$ in porn
          • Jul 2005
          • 33063
          #3
          and she couldn't WIRE it directly to your account?

            Comment

            • closer
              Confirmed User
              • Sep 2005
              • 1707
              #4
              it takes up to 4 weeks before you get your cash with godaddy domainsales

                Comment

                • Bold Venture
                  #5
                  I think GoDaddy takes a % also, that's going to be one expensive money transfer.
                  Why didn't you sell it direct to her through escrow dot com.

                    Comment

                    • ~Ray
                      visit hardlinks.org
                      • Jun 2003
                      • 18361
                      #6
                      newbies and their "grey area" questions trying to outwit the system.


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                        Comment

                        • Domain Diva
                          Too lazy to set a custom title
                          • Oct 2007
                          • 10180
                          #7
                          Godaddy takes a commission of up to 30 percent on domain sales (ususally the seller sets the commission, if they dont 30 is default) and it can take a while for the payment , they will send you a check it can be up to 90 days later.

                          Hope that helps.

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                            Comment

                            • Naughtyname
                              Confirmed User
                              • Nov 2010
                              • 1878
                              #8
                              Originally posted by Domain Diva
                              Godaddy takes a commission of up to 30 percent on domain sales (ususally the seller sets the commission, if they dont 30 is default) and it can take a while for the payment , they will send you a check it can be up to 90 days later.

                              Hope that helps.
                              much worse than what I was expecting. Sorry to hear that MyCamProfile, I take it's too late to back out?

                                Comment

                                • bloggerz
                                  Too lazy to set a custom title
                                  • Dec 2006
                                  • 16255
                                  #9
                                  lol funny post OP .... dont know what to say? good luck?
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                                    Comment

                                    • BlackCrayon
                                      Too lazy to set a custom title
                                      • Jun 2003
                                      • 19634
                                      #10
                                      Originally posted by closer
                                      it takes up to 4 weeks before you get your cash with godaddy domainsales
                                      when its over 2000 dollars godaddy uses escrow.com and you can get paid as soon as the transaction is closed.
                                      you don't know you're wearing a leash if you sit by the peg all day..

                                        Comment

                                        • Domain Diva
                                          Too lazy to set a custom title
                                          • Oct 2007
                                          • 10180
                                          #11
                                          Originally posted by BlackCrayon
                                          when its over 2000 dollars godaddy uses escrow.com and you can get paid as soon as the transaction is closed.
                                          When escrow is used do Godaddy still pay you by check ? the reason I ask is they told me all transactions are paid out via check and godaddy checks can take quite a while to arrive in my experience.

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                                            Comment

                                            • fatfoo
                                              ICQ:649699063
                                              • Mar 2003
                                              • 27763
                                              #12
                                              $4200 is a great price. Congratulations.
                                              Send me an email: [email protected]

                                                Comment

                                                • DateDoc
                                                  Outside looking in.
                                                  • Feb 2005
                                                  • 14243
                                                  #13
                                                  Originally posted by Domain Diva
                                                  Godaddy takes a commission of up to 30 percent on domain sales (ususally the seller sets the commission, if they dont 30 is default) and it can take a while for the payment , they will send you a check it can be up to 90 days later.

                                                  Hope that helps.
                                                  GoDaddy does not take 30%! The GoDaddy Auction Fees are 5% (if sales price is under $1000) and 7% (sales price of $1000+).

                                                    Comment

                                                    • czarina
                                                      Webmaster Extraordinaire
                                                      • Jul 2002
                                                      • 10752
                                                      #14
                                                      she should've wired it to your bank directly

                                                        Comment

                                                        • BlackCrayon
                                                          Too lazy to set a custom title
                                                          • Jun 2003
                                                          • 19634
                                                          #15
                                                          Originally posted by Domain Diva
                                                          When escrow is used do Godaddy still pay you by check ? the reason I ask is they told me all transactions are paid out via check and godaddy checks can take quite a while to arrive in my experience.
                                                          when godaddy uses escrow.com, its escrow.com who will pay you. they can pay via check or bank wire. but its not true that godaddy will only pay by check. i get paid to my paypal.
                                                          you don't know you're wearing a leash if you sit by the peg all day..

                                                            Comment

                                                            • lazycash
                                                              Troll Patrol
                                                              • Aug 2002
                                                              • 15214
                                                              #16
                                                              Why would you pay godaddy a %, I'm sure she is able to do a wire from an Indian bank to yours.
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                                                              Its crazy..."

                                                              VenusBlogger

                                                                Comment

                                                                • harvey
                                                                  Confirmed User
                                                                  • Jul 2001
                                                                  • 9266
                                                                  #17
                                                                  this thread has teh lulz all written over it.

                                                                  someone that lives in India (a country that LIVES OFF ONLINE BUSINESS AND OUTSOURCING and where Moneygram and WU not only are accepted, but are the MAIN WAY OF PAYMENT) will pay $4200 for a domain she doesn't want, the seller decides to sell it via Godaddy because she's a friend (???) and he didn't even read Godaddy's TOS and/or FAQ, so he doesn't know fees, times... absolutely anything!

                                                                  Then someone who sells domains tells some ridiculous story about 30% fees when even the most retarded person can go to https://auctions.godaddy.com/trpPricing.aspx?ci=12719 and see it's between 5 and 7%

                                                                  why can't I ever find this kind of people when I make business?

                                                                  note: I've a bridge for sale, mint condition, selling cheap. And yes, I can take moneygram and WU!
                                                                  This post is endorsed by CIA, KGB, MI6, the Mafia, Illuminati, Kim Jong Il, Worldwide Ninjas Association, Klingon Empire and lolcats. Don't mess around with it, just accept it and embrace the truth

                                                                    Comment

                                                                    • Markul
                                                                      Likes Pie
                                                                      • Dec 2007
                                                                      • 12403
                                                                      #18
                                                                      I've sold domains through escrow. Never had a problem, but it usually takes a few days for everything to get cleared.

                                                                      But really... it's explained pretty clear on their website and you can follow the process step for step.

                                                                      And if you do it via GoDaddy, they pay via escrow and not to you directly - at least that's how the escrow system is setup.
                                                                      But.... I pulled out...

                                                                        Comment

                                                                        • Domain Diva
                                                                          Too lazy to set a custom title
                                                                          • Oct 2007
                                                                          • 10180
                                                                          #19
                                                                          Originally posted by harvey
                                                                          t Then someone who sells domains tells some ridiculous story about 30% fees when even the most retarded person can go to https://auctions.godaddy.com/trpPricing.aspx?ci=12719 and see it's between 5 and 7%

                                                                          why can't I ever find this kind of people when I make business?

                                                                          note: I've a bridge for sale, mint condition, selling cheap. And yes, I can take moneygram and WU!
                                                                          Look at my post ! did I mention AUCTION ?????? I didnt see the OP mention AUCTION you idiot....learn to read and not assume !

                                                                          I was referring to when they do a private sale for you via Premium Listings etc...

                                                                          Godaddy Terms :

                                                                          1.Premium Listings for non-trademarked names only. Trademarked names and trademark misspellings will not be accepted.

                                                                          2.Upper limit is $99,999

                                                                          3. GoDaddy.com mails the proceeds** of Premium Listing sales in the form of a check, within 45 days after the end of the month in which the domain is sold.

                                                                          4. ** Minus a commission fee of 30% of the sales price


                                                                          This is why I always recommend people use a broker for buying/selling domains it seems a lot of people think they are instant experts on the subject.
                                                                          Last edited by Domain Diva; 02-10-2011, 12:26 PM.

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                                                                            Comment

                                                                            • SomeCreep
                                                                              :glugglug
                                                                              • Mar 2003
                                                                              • 26118
                                                                              #20
                                                                              Originally posted by MyCamProfile
                                                                              Well I just sold my domain for $4200 through Godaddy. Then it sent me through some escrow bullshit. She's made the payment and they are waiting for it to clear.

                                                                              How long does it generally take for the money to come to your bank account after a sale?

                                                                              It's a personal friend that is buying it.. She doesn't even want the domain actually.. but she lives in India and it seems the only way we figured out that she could send me money because of all the restrictions (No WU, paypal, moneygram, etc.).

                                                                              Anyone here from India?

                                                                              Because she will have to apparently wire the money too Escrow. I am not sure if they will allow her to do that because of their restrictions? Anyone got info on that?

                                                                              Thanks
                                                                              what was the domain?

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                                                                              I use and recommend Webair for hosting.

                                                                                Comment

                                                                                • Brujah
                                                                                  Beer Money Baron
                                                                                  • Jan 2001
                                                                                  • 22157
                                                                                  #21
                                                                                  I will handle this for you. Tell her to get $4200 in cash and meet me at the airport. I will fly there and pick it up.

                                                                                    Comment

                                                                                    • {Psycho}
                                                                                      Confirmed User
                                                                                      • Oct 2010
                                                                                      • 612
                                                                                      #22
                                                                                      Ask her to directly wire it to ur a/c and then u can do the transfer
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                                                                                        Comment

                                                                                        • DaddyHalbucks
                                                                                          A freakin' legend!
                                                                                          • Feb 2004
                                                                                          • 18975
                                                                                          #23
                                                                                          Be careful. If you are going through the motions of a sale just to send money, it could be construed as money laundering.

                                                                                          Be careful, very very careful.

                                                                                          http://en.wikipedia.org/wiki/Money_laundering
                                                                                          Boner Money

                                                                                            Comment

                                                                                            • MyCamProfile
                                                                                              Confirmed User
                                                                                              • Jan 2011
                                                                                              • 354
                                                                                              #24
                                                                                              Actually people in India cannot SEND Western Union they can only RECEIVE for the person that posted that idiotic comment, unless we are family members and we are not. I cannot receive a wire because I just have a netspend account and they do not accept bank wires.

                                                                                              We done it through Escrow, not godaddy. I did actually read up on the fee's after I posted this and done it that way.

                                                                                                Comment

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