Payment method?

[orchardapple]

How do you guys generally accept payment for sold domains?

I see a few PP transactions but anyone use bank transfers

what everyone preffered option?

 

[bb99]

I would avoid PayPal for domain names if I were you, because none of the protection (for both buyer and seller) applies for intangible goods like domain names.

I use bank transfer most of the time.

 

[retired_member6]

bacs or cash, I'll even accept a cheque if you put it in the bank - one company sent me a cheque and it's still sitting here in Bucharest, hopeless, obviously if was for a lot more would've been sent back by now, paypal is just wasting time and costs more. I do accept paypal but not often and buyer pays 4% fees.

 

[fozfoz is verified member.]

Paypal is preferred (as I'm based outside the UK). If a domain is really worth it, I would make a Wire payment.

Also, it's against Paypal T.O.S. to insist a buyer to pay the fees.

 

[acceleratoraccelerator is verified member.]

I also prefer a BACS transfer.

Rgds

 

[retired_member13]

Always online bank transfer over £1000.

Bank transfer or paypal under £1000, depending on the other parties preference.

 

[crabfoot]

BACS is ok all over Europe if you are selling, but if you want to pay out of a UK bank to a European bank, it is a hassle - you can only make a paper transfer, and it is cheaper to use Paypal for anything up to about £500 -and about 2 weeks quicker. Paper transfer costs £9 - £15 plus you lose heavily on the exchange rate (which is where Paypal scores better).

There are a couple of continental web banks that will accept EU customers, so you can make or receive an automated BACS payment for about 1€ - but you don't get plastic unless you're a resident, you still have to put cash in there, and from the UK ...

I was investigating the matter because I wanted to buy things from German companies, who refused to accept that Paypal was my best option for paying them.

Whatever, I decided that a continental account had some potential if you are dealing on eBay, or you have some other way to put cash in there without using a UK bank.
You can transfer proceeds of sales into it from your Paypal account, that costs you the same as it would if using a UK account. The cash does make a little interest.

Then you have the funds available to make BACS payments on the continent, and if you need to transfer the cash into your UK account, a transfer is cheap.

For a one-off payment to someone you trust, it can be cheaper to get one of those pre-loaded holiday cash cards, send it over, and let them pull it out of their local cash dispenser.


Rambling on again, Crabby ... WTH it might help someone.

 

[hmc]

I'm using escrow to sell/buy domains(when dealing directly with client)