20i Reseller Hosting

Domain sold but bidder has failed to pay.

Discussion in 'Sedo' started by mally, Sep 3, 2012.

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  1. mally United Kingdom

    mally Well-Known Member

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    The sale price was £5500 so minus sedo's costs I should get £4850.

    The bidder has failed to pay, and its been passed to the "Accounts Receivable department"

    Anyone been in this position before, what happened and what did you do?

    Worth pursuing through court?
     
  2. Domain Forum

    Acorn Domains Elite Member

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    articles.co.uk
     
  3. foz

    foz Well-Known Member Exclusive Member

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    Could be just jokers, never any intent to purchase right from the get go.

    Happens on any sales platform.

    I know you'd be looking forward to that payout (so would I) but best to just move on and let it go.
     
  4. mally United Kingdom

    mally Well-Known Member

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    I was under the impression as a sale is a contract on sedo, they have broke the terms
     
  5. foz

    foz Well-Known Member Exclusive Member

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    Yes, but try and enforce it.
     
  6. mally United Kingdom

    mally Well-Known Member

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    I'm awaiting feedback from sedo about who the buyer is, I'll then make sure I promote their competitors.
     
  7. WalkinDude United Kingdom

    WalkinDude Active Member

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    Agree with Foz. Unless you know who the buyer is, the only option is to move on. Costs of chasing it up would probably exceed 5k and the 'buyer' could turn out to be a penniless bum. Very annoying. My sympathies.
     
  8. DannyB

    DannyB Active Member

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    Yeah been in situation before, sold for £5500, Sedo said they were chasing the other party, I kept chasing Sedo. Finally they paid me the money and kept the domain themselves. I think after that, the other party came out of the woodwork and paid Sedo for it.

    I am assuming that Sedo didn't make the whole thing up.... they could have bought it from me for £5K then sold it for £10K to a client who they were brokering for....which isn't out of the realms of possibility I guess.

    EDIT : just checked it and Sedo still own it :)
     
    Last edited: Sep 3, 2012
  9. websaway United Kingdom

    websaway Well-Known Member

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    I had the same thing a couple of years ago. Sedo did supply me with details of the bidder who lived in a flat in London, probably rented so no point in persuing, they just move on.
     
  10. murph United Kingdom

    murph Well-Known Member

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    Sedo are useless on this front. Contract is up to you to pursue. I was actually a buyer that got stung!!
     
  11. namealot United Kingdom

    namealot Well-Known Member

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    Unfortunately sedo wouldn’t give a toss as far as I know for that amount or more even they have never pursued anyone for breach of contract etc, They probably wouldn’t even ban them and your commission wouldn’t cover legal fees,,, If it was an auction then at least the other bidders may be still interested if it was a buy it now sort then forget it and move on....
     
  12. mally United Kingdom

    mally Well-Known Member

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    Looks like SEDO have managed in this case, I've just received notification that payment has been received and to initiate transfer :)
     
  13. newguy United Kingdom

    newguy Well-Known Member

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    Nice one!
     
  14. surprise

    surprise Member

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    ofcourse , typical human reaction , if there is no interest from other buyers they will back up and rethink their own decision or even dont consider the domain in the first place , on the other hand if there is a bidding spree , everyone will join regardless of the domain name :D
     
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