Sedo "Buy Now"

[matmat is verified member.]

Hi guys,

Does anyone have any experience with using the buy now button for a .co.uk domain name on Sedo?

There is a name listed for a couple of hundred pounds. I tried to haggle directly a bit with the seller to save him fees and get a better deal, but hes playing hard ball and trying to squeeze me.

I am tempted to just hit the buy it now button on Sedo.

Is it easy for him to back out of the buy now sale? Will my money be tied up with Sedo if he backs out?

 

[matmat is verified member.]

Too late, I guess I will find out now

 

[matmat is verified member.]

So within an hour the seller has simply had sedo cancel the transaction and refund me.

So much for Sedos "Buy Now"

Load of rubbish.

 

[ian]

No surprise with inept Sedo! I'd imagine the seller is able to continue selling too, and probably doesn't even have to revise their buy it now price!

 

[matmat is verified member.]

I am sure I will probably have to wait a few weeks for the refund aswell.

 

[matmat is verified member.]

True, but still amazing how easy it is to just cancel and walk away from the sale within an hour and have no repercussions to your account.

 

[redbird]

I'm not 100% certain as I only have co.uk's for sale but I think the buy it now at Sedo does actually work as a click this button and you have bought it with other TLD's. But with the requirement to use Nominet for the transfer that can't happen with .uk's.

Personally I'd always been a bit wary of setting up buy it now on Sedo as wasn't sure what happened if I had previously sold it and not updated Sedo. Seems like I was worrying necessarily.

Can anyone confirm how other TLD's work?

 

[matmat is verified member.]

It was him who listed it with the buy now, as his contact name and details came up when the domain name was sold.

In my opinion he probably listed it a couple of years ago and forgot about it. If I were the seller I would have honoured the sale.

 

[AssetDomains]

I'm not 100% certain as I only have co.uk's for sale but I think the buy it now at Sedo does actually work as a click this button and you have bought it with other TLD's. But with the requirement to use Nominet for the transfer that can't happen with .uk's.

Personally I'd always been a bit wary of setting up buy it now on Sedo as wasn't sure what happened if I had previously sold it and not updated Sedo. Seems like I was worrying necessarily.

Can anyone confirm how other TLD's work?

There are different options for TLD's if you list it as part of SedoMLS network so it appears in the premium sections on the big registrars sedo partner with you have to give the registrar / sedo permission to automatically process the transfer on completion of payment.

If its not an mls sale it just works the same as co.uk and you could technically back out

 

[SystregSystreg is verified member.]

I read somewhere that if anyone clicks to buy a domain on Sedo, and for whatever reason you don't honour it, maybe you sold it off Sedo and forgot to remove it for example, Sedo will still ask you to pay the commission they would have received on the sale.

That's why I do regular housekeeping and with any names I drop or sell, I remove them from Sedo straight away prior to the drop or sale.

 

[redbird]

There are different options for TLD's if you list it as part of SedoMLS network so it appears in the premium sections on the big registrars sedo partner with you have to give the registrar / sedo permission to automatically process the transfer on completion of payment.

If its not an mls sale it just works the same as co.uk and you could technically back out

Thanks for clearing that up, knew I'd read something....

 

[redbird]

Is it just my perception or has there been more non paying buyers on DL too of late?


(from iPhone)

I've had one auction on DL this year and one non payer, so that 100% for me !