20i Domains

Sedo slow escrow settlement

Discussion in 'General Board' started by keys, Feb 11, 2021.

  1. keys United Kingdom

    keys Well-Known Member

    Joined:
    Oct 2004
    Posts:
    2,122
    Likes Received:
    119
    Nominet confirmed domain transfer completion on 2 Feb, Sedo advised same day.

    "If we don't receive a reply from the buyer within 5 days, we will be able to close the transaction and release your payment."

    Now passed day 10 and counting, reminder sent to Sedo.

    Buyer insisted on using Sedo, costing him significantly more than alternatives. I removed £250 discount to accommodate his request, so probably no surprise at his lack of co-operation.
     
  2. Domain Forum

    Acorn Domains Elite Member

    Joined:
    1999
    Messages:
    Many
    Likes Received:
    Lots
    articles.co.uk
     
  3. Silver United Kingdom

    Silver Member

    Joined:
    Feb 2021
    Posts:
    9
    Likes Received:
    0
    It's annoying when that happens. Don't know why but there's always people like that or worse, people that advertise names that they don't actually own (on other marketplaces where you don't have to verify via TXT records)

    Hope it works out for you.
     
  4. keys United Kingdom

    keys Well-Known Member

    Joined:
    Oct 2004
    Posts:
    2,122
    Likes Received:
    119
    Well I think this is crappy service.

    Following my last post (5 days ago) Sedo said delay was due to some buyer confusion over domain status.

    Now up to day 15 since transfer and still waiting for release of funds. I can see this would be a real headache for seller relying on prompt payment.
     
  5. diablo

    diablo Well-Known Member

    Joined:
    Nov 2005
    Posts:
    2,003
    Likes Received:
    127
    So much for "If we don't receive a reply from the buyer within 5 days, we will be able to close the transaction and release your payment."

    I like Dan.com's approach: they take control of the name and pay you after doing so.
     
  6. keys United Kingdom

    keys Well-Known Member

    Joined:
    Oct 2004
    Posts:
    2,122
    Likes Received:
    119
    Result!

    I emailed buyer today with an update and request to approve release of funds. This was followed by an apology from Sedo, and confirmation that payment will happen in next couple of days.
     
    • Like Like x 1
  7. Ben Thomas

    Ben Thomas Well-Known Member

    Joined:
    Mar 2018
    Posts:
    1,792
    Likes Received:
    231
    Sedo are awful, I hate them. There are much better alternatives out there. Good luck with your transaction, hope it's plain sailing from here on out.
     
  8. keys United Kingdom

    keys Well-Known Member

    Joined:
    Oct 2004
    Posts:
    2,122
    Likes Received:
    119
    funds received yesterday!

    I think main Sedo attraction for buyer was option to pay via credit card (for a 3% fee)

    If that is the difference between sale or no sale then Sedo is worth the hassle ;)