Posted By: giovanni | Jul 3rd @ 1:39 AM
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Comments: 9 | Views: 242

I agreed by email on a price with someone who owns a domain I want. I am a little psyched about transferring money to someone I don't know on the other side of the ocean. Are there any steps I can take in order to make sure this works smoothly? I use eNom for my domains and the other person Network Solutions. Thank you for your tips.

hm... if under $2000, eBay offers protection via PayPal. He could put it on eBay with a "Buy now" option and you could then buy it. If he doesn't follow all the way in the transfer, file a fraud and get your money back. Double check this with eBay|PayPal but in theory, it should work.
Forgot to add, some banks offer fraud protection when buying stuff online via credit card. You file a police thing and they give you your money back. Check with your bank perhaps.
Check local law. The above credit card protection may be mandatory.

This is the best I can think of. If £100: £50 you>him, domain him>you, £50 you>him. Not exactly new, but meh.
"hm... if under $2000"

I think if you're paying over $2000 for a domain name you might want to look into getting a different one.
I've been using GoDaddy for Domain transfers.
In a case like yours I'd require them to transfer to a GoDaddy account.
They have features for selling and handing, even silently.
You can even pay a small fee to have GoDaddy contest, fight or handle the transfer for you.
Mail me the amount in cash. Shoebox full of $20 bills would suffice. I'll get the transaction done.
Thanks I appreciate your help, what is your mailing address? By the way, don't you prefer canadian $$$?
The seller offered a similar procedure with another website that does this kind of transactions with domain names. Basically you make the payment to the website, the seller sees the payment and unlocks the domain name for the transaction. Once you receive it, the intermediary website gives the money to the seller. Lenghty process, but I think it is the best way of doing it. Thanks for your suggestions.
sounds like an escrow service, it is actually fairly standard practice when making deals. It really is the best way to handle that type of deal where an electronic good is exchanged for real (electronic) money.
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Comments: 9 | Views: 242