Best way to buy domain from stranger safely

[DTalk]

The only REAL escrow is Moniker escrow - they are escrowing domain and the money. Escrow.com does not and is especially dangerous for seller ebcause buyer has the last word - if buyer will keep claiming he did not get the domain, seller does nto get the money (buyer can keep same whois as before).

Sedo does not have account at all registrars and if they do not have they let seller push directly to the buyer (or give EPP), also dangerous.

Denny...

If Moniker takes the seller's domain into escrow, how long does the process take with Moniker Escrow?


Also, does Moniker escrow only offer the buyer transfer into a Moniker account? Or, can the buyer nominate which registrar they want their domain to go into?

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[Soofi]

Denny...

If Moniker takes the seller's domain into escrow, how long does the process take with Moniker Escrow?

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Takes 2-5 working days if name is with moniker, else..

Takes about 5-10 working days if the domain is to be xferred to moniker from other registrar. that's my experience!

Also, does Moniker escrow only offer the buyer transfer into a Moniker account? Or, can the buyer nominate which registrar they want their domain to go into?

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They ask seller to provide auth code, and xfer name into moniker.com escrow account (no other registrar as per my experience)

 

[denny007]

If Moniker takes the seller's domain into escrow, how long does the process take with Moniker Escrow?

Depends on the seller - if he acts quickly, the transfer (suppose the domain is not at Moniker already) can not take longer than 5 days (ICANN rules). So once someone creates the escrow (better buyer does that because most of buyers do not have account with Moniker yet anyway, so they create an account and they can in one move start the escrow too). Moniker sends immeditely confirmation email to the sellers whois. Once confirmed Moniker sends cotracts to sign both parties and also sends request for EPP, once EPP is given it sends confirmation for a trannsfer, so transfer is pending and now buyer has 5 days to sign contract and send payment. Once all is done, you can chose how your funds will be paid (wire, Paypal, check, add funds to your moniker account) and that's it. Never took more than a week even for larger transactions

Also, does Moniker escrow only offer the buyer transfer into a Moniker account? Or, can the buyer nominate which registrar they want their domain to go into?

Moniker account and that makes sense - that's the registrar they have control over, so the escrow is 100% safe. Also from the aspect of stolen funds used as the domain will be untransferable away for 60 days.

Sedo is using several registrars and seller push into their account and they push into buyer's account.

 

[DTalk]

Thanks for that info, Denny & loudbeats...


I've used escrow.com in the past....Never had a prob - BUT - their system doesn't secure the domain - so there IS the chance an unscrupulous seller could play games, by changing the WHOis to the buyer's details (to 'authenticate' that they've transferred the domain), without actually transferring the domain, and, receive the cash.....ie escrow .com could release the money to them on a false claim of transfer.....The poor buyer would be out of the cash + left trying to prove they never received the domain.


With Moniker escrow (and EscrowDNS, I think) this cannot happen - because they actually take possession of the name, as part of the process.


I'll be using Moniker escrow, or EscrowDNS in future.


Thanks, guys, for clarifying that.

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