digipawn.com

[Rick Latona]

Off Topic remark following:

I would hesitate to assume anything about who banned whom.
It is easy to assume things, it is hard to guess what goes on behind 'closed doors'.
Apparently, Mr, Rick is here, and I am sure there is a reason for that.

ON topic:

I would be interested to hear what the requirements are for pawning a domain, and what exactly are the legal 'rights' involved.

I'm not assuming anything and I'm glad to be back. The only requirement is a domain with liquid value. We negotiate a loan amount then do the deal. The registrant has to be changed to us during the term of the loan but you keep the DNS control and traffic. I'm not sure if I am answering your question or not though. I'm a bit confused as to what you mean by 'rights'.

 

[seeker]

thank you Sir.
you have answered my main Q.
Who determines what the value is?
Also, If the registrant is changed to you, I do not see how that really works.
Please note, that I am not interested in pawning any names, but I believe I could be facilitating what so far (at least to me) seems as a vague concept.

 

[Bashar]

so basically you loan the buyer money to purchase a domain and you own it till he pays it off?

whats the interest rate?

why not going to a bank rather than digipawn?

what benefits digipawn offers better than banks?

 

[Domagon]

Most all banks will *not* accept domain names as collateral ... anyone know of any bank that does?

Ron

 

[Bashar]

well just got a regular loan and use it for domains, i think thats possible, no?

 

[Steen]

Most all banks will *not* accept domain names as collateral ... anyone know of any bank that does?

Ron

digipawn.com.

They're not a bank though.

 

[Domagon]

No kidding LOL! That's in large part why digipawn exists.

However, if there was a decent bank out there that allowed domains to be used for collateral, that would greatly help many folks finance other ventures by leveraging their domain name portifolios much like how many folks do now with real estate, etc.

Rick and/or others offering similar services, please take a look at my domains for sale (see sig) ... let me know how much I can borrow today? - I'm serious. Thanks!

Ron

 

[Steen]

I think real estate values are much more stable for banks to invest in. Real estate is how old? Has to be hundreds, if not thousands of years old. Domain names? Not even twenty years old.


I guess the market's just not stable enough at this point? '99/2000 sure didn't help.

 

[seeker]

I agree with Bashar.
You can always get a 'general' loan and use it if money is needed.
However, the concept behind digipawn is quite innovative.
I just wish more information was available on how it works.

 

[datat]

I would assume its like pawning a gold ring, Wholesale value, less 50%.
Payback 1-3% interest a month + a loan charge, loose the domain if you fall behind by x months.

Although it could be a much better deal.

Pawnbrokers normaly make most of there money out of people who can't pay the debt. Or come back and sell out.

 

[Rick Latona]

thank you Sir.
you have answered my main Q.
Who determines what the value is?
Also, If the registrant is changed to you, I do not see how that really works.
Please note, that I am not interested in pawning any names, but I believe I could be facilitating what so far (at least to me) seems as a vague concept.

I determine the loan value. It's hardly a science but I have a system like most of you do.

so basically you loan the buyer money to purchase a domain and you own it till he pays it off?

whats the interest rate?

why not going to a bank rather than digipawn?

what benefits digipawn offers better than banks?

It's pawning. It isn't any different than leaving your DVD player at a pawn shop until you have the money to get it back. A bank would give you a much better deal than we will if you can go to the bank. We are a pawn shop. We do high interest, short-term loans. There is nothing to hide here. People come to us when they need money and they need it NOW.

No kidding LOL! That's in large part why digipawn exists.

However, if there was a decent bank out there that allowed domains to be used for collateral, that would greatly help many folks finance other ventures by leveraging their domain name portifolios much like how many folks do now with real estate, etc.

Rick and/or others offering similar services, please take a look at my domains for sale (see sig) ... let me know how much I can borrow today? - I'm serious. Thanks!

Ron

You certainly have names in there that would qualify you. If you are serious, hit me up directly [email protected] and we'll try to work out a deal. I'm also 21014920 on ICQ.

I would assume its like pawning a gold ring, Wholesale value, less 50%.
Payback 1-3% interest a month + a loan charge, loose the domain if you fall behind by x months.

Although it could be a much better deal.

Pawnbrokers normaly make most of there money out of people who can't pay the debt. Or come back and sell out.

Congratulations. You get 2 points for paying attention.

 

[wolfis.com]

I'm unbanned now after emailing the owner. Not sure what happened. I hope I didn't do anything wrong.

well , glad you have been unbanned and welcome to forum .


however , refrain in the future sending me any emails about wanting to pawn a name.
my answer was , is & will be : no
not because I don't like you, not because I don't like the idea of pawning domains , not because I have a bad hairday...

... I don't dislike you , I like the domain pawn idea , I always have a bad hairday...

... its because I don't like Spam email (uninvited email to offer services or goods)


anyway best of luck with your biz venture !

 

[Rick Latona]

well , glad you have been unbanned and welcome to forum .


however , refrain in the future sending me any emails about wanting to pawn a name.
my answer was , is & will be : no
not because I don't like you, not because I don't like the idea of pawning domains , not because I have a bad hairday...

... I don't dislike you , I like the domain pawn idea , I always have a bad hairday...

... its because I don't like Spam email (uninvited email to offer services or goods)


anyway best of luck with your biz venture !

I apologize but I can't guarantee that. I can tell you though that I have switched my team off cold-calling domain owners and onto cold-calling newspapers so at least everyone will get a rest.