Domain Manage

From deal to transfer - how long?

Discussion in 'Forum News & Feedback' started by willbon, Feb 7, 2012.

?

How long is acceptable? From deal to transfer...

Poll closed Feb 17, 2012.
  1. Within a few hours

    13.3%
  2. Same Day

    40.0%
  3. Next Day

    13.3%
  4. 48 Hours

    40.0%
  5. 1 Week

    6.7%
Multiple votes are allowed.
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  1. willbon United Kingdom

    willbon Active Member

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    Hi guys

    I'd be interested to know what everyone's expectations are for the 'deal to transfer complete' timings on any domains purchased on Acorn...

    Is there a 'service standard' that's an expectation?... i.e. within 24 hours of agreement being made, the transfer of funds and domain should be completed....?
     
  2. Domain Forum

    Acorn Domains Elite Member

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  3. Edwin

    Edwin Well-Known Member Exclusive Member

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    Too big a jump. I'd have chosen 3-4 days if it was on offer.
     
  4. willbon United Kingdom

    willbon Active Member

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    I meant from an agreement having already been made..... and therefore no longer on offer.
     
  5. monaghan United Kingdom

    monaghan Moderator Staff Member

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    I'd suggest a few days, this allows for people going away at weekends, being busy in their day job (if they are not a professional domainer)

    I like to conclude transfers same day if possible, however, each customer is different! A traditional BACS transfer takes a few days for transfer, not everyone has a fast transfer option or want to use PayPal
     
  6. WealdDomains United Kingdom

    WealdDomains Active Member

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    I agree with a few days for the reasons given, but would aspire to same day if possible, especially now with Faster Payments. Also, I would try to send proactive emails to set expectations and build confidence with the other party if something is likely to slow me down.
     
  7. namealot United Kingdom

    namealot Well-Known Member

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    You should agree terms first.....?

    Payment method sellers accepts ecscrow, bank transfer, brownpaper bag , paypal , TT etc all take different times… Also who you’re dealing with Corporations etc (lucky to get a payment in 30 days… Private sale can be a few hours..)

    Personally I like all done and dusted ASAP but that’s not always practical for all sellers or buyers.. I try for payment within 7 days, transfer within 24 hrs of cleared funds …
     
    Last edited: Feb 7, 2012
  8. wb United Kingdom

    wb Well-Known Member

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    Whether buying or selling, I personally aim to have payment/transfer completed within hours.

    However, would say that anything up to a few days is 'acceptable'. 48 hours gets my vote as it's the nearest option.
     
  9. AssetDomains United Kingdom

    AssetDomains Well-Known Member

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    I haven't delt with a big time domain deals I'm guessing the more expensive the longer it may take.
    I have been involved in a fair few £xx and a handful of £xxx as both buyer and seller in both cases 90% of the time the deal is done within minutes to a few hours of the agreement. On the odd occasion it has taken longer its been when one party is not online I'd say 48 hours would be the max time depending on the price of the domain
     
  10. Aaron Clifford United Kingdom

    Aaron Clifford Well-Known Member

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    I had an £x,xxx deal that took around 30 days (to go through their invoicing team).
     
  11. Bailey United Kingdom

    Bailey Well-Known Member

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    Well thats not a "sale" to my mind

    It really depends on the tone of the negotiations - If it took 4 months to conclude then I cetainly wouldn't expect payment in less than about 4 weeks from agreement

    However, you contact me "today" - domain with-you same day - You better pay me as quick
     
  12. Edwin

    Edwin Well-Known Member Exclusive Member

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    Does that mean you release the domain first? That sounds like you're handing over your strongest point of leverage against malignant buyers...
     
  13. Bailey United Kingdom

    Bailey Well-Known Member

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    To be honest Edwin - I'm quite happy to transfer the domain first (with qualified buyers) never lost one yet.

    A lot depends on who your dealing with ? and how the domain came to be sold to its buyer. Best time/to money ratio ever spent
     
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