Hi guys.
Let's say you're doing a private deal where a buyer is paying you directly (no broker, not Afternic, etc). The domain name would be going from my GoDaddy account to their GoDaddy account.
It is safer to Push the name into their account? Or is it safer to initiate a Transfer ?
How much does it matter?
Thanks!
Hi guys.
Let's say you're doing a private deal where a buyer is paying you directly (no broker, not Afternic, etc). The domain name would be going from my GoDaddy account to their GoDaddy account.
It is safer to Push the name into their account? Or is it safer to initiate a Transfer ?
How much does it matter?
Thanks!
You might find your answer here:
https://www.namepros.com/threads/afternic-official-thread.1295231/page-369#post-9674306
Last edited: Today at 3:49 PM
What matters is that you do this after receiving money. Then it doesn't matter which method you choose.
What matters is that you do this after receiving money. Then it doesn't matter which method you choose.
Thanks. I haven't done a private sale in a VERY long time. Couldn't remember if Push or Transfer is best.
Thanks. I haven't done a private sale in a VERY long time. Couldn't remember if Push or Transfer is best.
Basic differences are:
- push is free, you initiate it and you need to provide the receiver's login or mail
- transfer is paid (extends the domain by one year), the new owner initiates it using the authcode that you must provide
Both are equally "safe" for you - for the new owner the transfer is "safer" because they don't need to reveal their login/mail to you. Push is slightly less complicated at most registrars and might be a better choice if the domain was renewed/transferred recently.
Probably a push, though GoDaddy is not going to get involved in a dispute.
So, like @pb said make sure you get paid first...and ideally via a secure method, not something that can be reversed later.
Brad
Probably a push, though GoDaddy is not going to get involved in a dispute.
Would they get involved if it was a transfer?
So, like @pb said make sure you get paid first...and ideally via a secure method, not something that can be reversed later.
It would be a wire transfer to my bank.
Would they get involved if it was a transfer?
Not likely.
In either scenario, there is really no safety net.
If you agree to a transaction and voluntarily push/transfer a domain, you are kind of on your own.
The only time a registrar might get involved is if it was some type of unauthorized transaction, like account theft.
Brad
I sold many times to strangers and I am not much concerned about push or transfer.
What I am concerned is to make sure the money did not come from a stolen credit card so I am always used Escrow.
Normally registrars don't get involve in the dispute if you received money from stolen credit card or hacked paypal account.
I sold many times to strangers and I am not much concerned about push or transfer.
What I am concerned is to make sure the money did not come from a stolen credit card so I am always used Escrow.
Normally registrars don't get involve in the dispute if you received money from stolen credit card or hacked paypal account.
Yeah, I would use Escrow.com or even something like GoDaddy Custom Checkout Link (5% fee), at least if it's a significant transaction.
I don't really like taking direct payments. I have done it from time to time, but it is not something I normally do.
Brad
I sold one recently and used Atom checkout - Buyer paid $25 transaction fee.
Some additional factors that can be a reason not to do a push:
Unresolved invoices, chargebacks, or other disputes tied to the previous registrant.
Also, a push may leave [parts of] the former registrant's contact information intact, depending on how the registrar handles WHOIS and account‑level data.
Last edited: Today at 4:32 PM
fka Established Member
Spaceship is 5% commission, very little reason to consider a private sale unless you trust the other party and stolen credit card or non payment isn't a concern.
Spaceship is 5% commission, very little reason to consider a private sale unless you trust the other party and stolen credit card or non payment isn't a concern.
Thanks. It actually is a trusted party, so I'm not concerned with anything being stolen. But there's an aspect to the deal/arrangement that makes a straight escrow transaction kinda tricky. Otherwise I'd definitely do that.
fka Established Member
Thanks. It actually is a trusted party, so I'm not concerned with anything being stolen. But there's an aspect to the deal/arrangement that makes a straight escrow transaction kinda tricky. Otherwise I'd definitely do that.
There's something about that which sounds to be a little incongruous. Either they're trusted in which case sending the domain and/or receiving payment can happen in any order because neither party is concerned about the other holding up their end of the deal, or the other party might flake in which case the protection of a third party intermediary is required.
Assuming this aspect is something like a secondary payment (e.g: they're also giving you another domain along with the payment, or they're... I don't know, promising to mow your lawn) you can just use an intermediary or a normal escrow service. I wouldn't recommend it but in the cryptocurrency underworld there is an entire industry of these intermediaries who'll do literally anything for a few dollars.
Anyway, I'm all for direct payments or transfers between trusted people, I don't think escrow has any value when there is trust, but just rounding out the alternatives in case you do want some sort of intermediary.
Last edited: Today at 4:54 PM
in extremely rare cases of something i don't know really special, a registrar is able to reverse the push, not so easy to reverse the transfer because two registrars involved and they need to co-operate and to be of the same opinion on the matter at least. other than that, i see no difference
Playing Captain Obvious here, but still: it's safer to have the money land in your account first - and if you're a company - not by charging a Credit Card or using PayPal, but by bank wire.
Then, how you transfer the domain doesn't really matter. A push is instant, and yes, you initiate it using the client's email. For a "transfer," the client initiates it, and you'll both need your Auth code.
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