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curiouser and curiouser

Discussion in 'Sedo' started by websaway, Nov 15, 2014.

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  1. websaway United Kingdom

    websaway Well-Known Member

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    Does it annoy anyone else that someone can purchase a domain on a buy now basis from sedo and then not pay.
    Sedo do at some time, after the payment default, give the seller details of the fraudulent buyer, but these details are normally scant or even totally fictitious.
    Would it annoy you even more if you later discover that sedo were able to get their commission paid by the buyer and not ever inform the seller.
     
  2. Domain Forum

    Acorn Domains Elite Member

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  3. foz

    foz Well-Known Member Exclusive Member

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    The last 2 BINs the seller didn't comply and supply the domain to me.

    Buyers and sellers default, nature of the platform.

    Should have harsh penalties, bans.
     
  4. websaway United Kingdom

    websaway Well-Known Member

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    But at least a seller is easier to identify.

    The point I make though is that sedo go on to get their commission which then distorts the contractual amount the buyer owes. Sedo do not inform the domain owner that commission has been paid, so consequently after tracking down the buyer , which can be very time consuming,any legal claim by the seller against the buyer is immediately flawed.
     
  5. websaway United Kingdom

    websaway Well-Known Member

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    Was it a buy now?
     
  6. websaway United Kingdom

    websaway Well-Known Member

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    Did you ask sedo if they were paid their commission ?
    I have never asked, I only found out when the fraudulent buyer informed me that he owed nothing because he had paid the commission.
     
  7. websaway United Kingdom

    websaway Well-Known Member

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    Sedo confirmed they DID receive the commission.
    When asked how one determines the amount of the claim relating to the breach of contract ,which exists on a buy now agreement, where they have collected their commission, they did not respond.
     
  8. foz

    foz Well-Known Member Exclusive Member

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    List your names elsewhere, starve their platform of inventory.
     
  9. websaway United Kingdom

    websaway Well-Known Member

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    The reason I am not currently of the opinion that that is the answer is because. If the"buy now" option on sedo was operated correctly there would be no problem in sales going through.
    If a potential purchaser paid at the point of purchase all would be as it should be.
    Why do so many "buy now" purchases fall through ?
    Why do sedo collect the commission, and not inform the seller ?
    How many sellers has this had a detrimental affect on in the past who were oblivious the fact that sedo had been paid a "get out clause "commission ?
     
    Last edited: Nov 15, 2014
  10. foz

    foz Well-Known Member Exclusive Member

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    On my two failed purchases, I received a full refund.

    So how is Sedo taking a commission?
     
  11. websaway United Kingdom

    websaway Well-Known Member

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    How do you know if they pursued the seller for a commission.


    after all they can hardly punish the buyer when the seller pulls out.
     
  12. foz

    foz Well-Known Member Exclusive Member

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    Can't, but I doubt a non complying seller would pay a commission demand. You can ask, getting it is another.

    Read the terms you're signing up to, the fine print. Don't like them walk.
     
  13. websaway United Kingdom

    websaway Well-Known Member

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    Or get them changed.

    Not sure here though that even if sedo do not contravene the letter of the agreement they do not seem to adhere to the spirit.

    I have already withdrawn my names from the "buy now" it is simply disingenuous.

    I have, for now anyway, left them on a bid basis and will try to get to the bottom of why they can chase a fraudulent purchaser for the commission and fail to inform the seller that they have been successful.
     
  14. foz

    foz Well-Known Member Exclusive Member

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    Wasted energy IMO.

    Afternic and DNS have BIN options. Their terms may be more appealing?
     
  15. websaway United Kingdom

    websaway Well-Known Member

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    It now transpires that sedo collected their commission only 23 days after cancelling the transaction quoted below.



    qoute"Transaction cancelled by Sedo mar/05/13

    Despite numerous reminders and warnings sent to the buyer, he did not make the payment.
    Sedo will therefore not proceed with the transaction at this point.

    Since the buyer has failed to fulfill his part of the contract, you may take legal action against him. His contact data are now available in your Sedo contract.

    The suspension of the transfer does not affect the Purchase & Sales Agreement between you as the seller and the buyer. In case you agree with the buyer to continue the transaction, Sedo may proceed with the transfer." end of quote.

    Sedo collected their commission from the buyer 23 days after this on the 28th march 2013 but never informed me as the seller.
     
  16. atlas Canada

    atlas Well-Known Member

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    Why are you wasting your valuable time and mental energy on a deal that fell through some 21 months ago?
     
  17. websaway United Kingdom

    websaway Well-Known Member

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    The reason is that I am chasing the buyer for breach of contract.
     
  18. Retired_Member42

    Retired_Member42 Retired Member

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    After nearly 2 years?
     
  19. websaway United Kingdom

    websaway Well-Known Member

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    These things can take time and it is a cast iron case .

    But look this is about
    Sedo took an order for a co.uk sale, they then cancelled the sale for non payment, and passed on to me scant details of the buyer, no email or phone number and just an initial for the Christian name.
    They advised me that I could chase the buyer for breach of contract.
    I tracked down the buyer and chased him for payment only to find out 20 months after the event that the buyer had paid the commission, affidavits of course will determine the events at the time.
     
  20. Retired_Member42

    Retired_Member42 Retired Member

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    Isn't this just a case of Sedo doing a better job than you at getting their money out of the guy?
     
  21. websaway United Kingdom

    websaway Well-Known Member

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    Yes, it helps if you have his details, it also helps if you can offer a trade off. ;)
     
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