How long does a winning bidder have to pay?

[A D]

At what date can a seller just cancel and move on if they haven't heard anything from Sedo or the potential buyer?

-=DCG=-

 

[tekz999]

Based on my experience, 1 month.

 

[Rockefeller]

No, it used to be 10 days, now its 5 days. If Sedo hasn't received payment or the buyer hasn't notified them that they have sent payment, you should be able to cancel after 5 days.

 

[A D]

No, it used to be 10 days, now its 5 days. If Sedo hasn't received payment or the buyer hasn't notified them that they have sent payment, you should be able to cancel after 5 days.

if anyone has a link verifying either, please post.

-=DCG=-

 

[WeBuyThe.Com]

5.2.3. Management of Domain Transfer

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5.2.3.1. Reaching an Agreement

In the event that a purchase and sale agreement has been reached between the Buyer and the Seller during the course of a Domain Database bidding process, Sedo shall provide a standard online purchase and sale contract for Buyers and Sellers that is automatically tailored to the sale of the Domain that was the subject of their negotiation. Depending upon the processing status of the transaction, the other contractual partner's respective data may be made anonymous until the transaction is complete. Should either party fail to meet to their obligations under the respective agreement, the identity of the breaching User shall be provided to the injured User upon request.
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5.2.3.2. Obligation of Buyer to Make Payment to Designated Escrow Account

After reaching agreement for the purchase and sale of a Domain, Sedo shall contact the Buyer via email to request the transfer of the amount due to Sedo's escrow account where it will be safeguarded until completion of the Domain transfer. Upon said request, the Buyer is obligated to remit payment of the amount owed to Sedo's escrow account. Failure to remit payment to Sedo's escrow account within ten (10) business days of when the request email was sent to the Buyer from Sedo shall be considered a material breach of the Domain Transfer and Escrow terms and may be considered by the Seller as a material breach of the relevant purchase and sale agreement.
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5.2.3.3. Transfer of Damain and / or Internet Project

Once the full amount owed has been received by Sedo's escrow account, the domain transfer process from the former owner (the Seller) to the new owner (the Buyer) shall commence. Sedo shall then instruct the Buyer and the Seller of the Domain as to the required steps and best practices involved in the technical domain name transfer process. Sedo can only ensure a prompt and orderly transfer of the Domain if Sedo's instructions to the Buyer and Seller are strictly followed. As such, the Buyer and Seller are obligated to provide their cooperation required to each other and Sedo and failure to cooperate may be considered by the injured party as a material breach of the relevant purchase and sale agreement.
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5.2.3.4. Successful Transfer and Payment of Purchase Price

Upon successful transfer of the Domain to the Buyer, the payment of the amount owed to the Seller shall be remitted in a timely manner. A successful transfer of a domain name has taken place when the Buyer's registration data has been updated in the WHOIS database of the relevant domain name registry and the Buyer has assumed technical control of the Domain. In the event that Sedo assumes temporary control of the Domain to be transferred on a discretionary basis, then a successful transfer shall be considered to have been made at that moment in which Sedo obtains control of the Domain and the Seller has lost control of this Domain.

If, during the course of a bidding process in accordance with Section 5.1 above or the Domain Brokerage Service, the purchase and sale agreement has been concluded and the currency selected by the Seller or the currency assigned to the Seller is not identical to the agreed-upon currency, then the payment to the Seller shall be made in the currency he/she has selected or which has been assigned to him/her. The prevailing amount shall be the purchase price obtained in accordance with Sub-section 5.1.9 after conversion and rounding work has been carried out in the currency selected by the Seller or the currency assigned to the Seller less any possible fee for the Domain Transfer and Escrow service. In this case, the Seller shall not be entitled to demand the payment of the purchase price in another currency or to avail himself/herself of a different exchange rate than the fundamental exchange rate of Sedo in accordance with Item 5.1.9.
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5.2.3.5. Unsuccessful Transfer and Repayment

In the event that the transfer is ultimately unsuccessful, the payment submitted to Sedo's escrow account shall be returned to the Buyer. There shall be considered to be no ultimate failure of the transfer if the unsuccessful transfer of the domain name or the Internet project to the Buyer is solely due to the fact that the Buyer has not undertaken the further required cooperative actions required upon his/her part after the payment of the purchase price and any additional fees if relevant.

https://sedo.com/about/policy.php?p...ssion=d5911d1b31f3fb2ace9f99db3e7a4615#link52

 

[theinvestor]

if anyone has a link verifying either, please post.

-=DCG=-

I had this issue DCG. It is 5 days. I had the same problem...the buyer took over a week to pay but apparently you have to contact them and tell them you want to cancel the transaction after 5 days. Because i did not do so..and went to another venue to sell the domain. They banned my account because the buyer eventually paid.

So be warned. The 5 days means nothing if you do not contact sedo and tell them you want to cancel.

Another reason i can't stand sedo.