Seeking feedback from Czech Republic & Poland.

[i463215]

If you’re located in the Czech Republic, Poland area, and interested in buying a domain, from an outbound seller in U.S., what service(s) would you feel confident using, to submit payment and have domain transferred to you?

 

[werejack]

Hey.
generally,
ESCROW is the universally used service for the transaction of domains. Payment method is by Paypal or VISA debit or even credit card. Also note there is a 30% of sale price commission to Escrow.

 

[Castion]

30% commission to Escrow.com ??

For larger transaction the cost is below 1%.. At the most its 1.5%.. Where do the 30% come from?

 

[werejack]

30% commission to Escrow.com ??

For larger transaction the cost is below 1%.. At the most its 1.5%.. Where do the 30% come from?

What????
I can't remember where i read that when buyer and seller are transacting on a domain then escrow will hold the domain, and once payment is also received, transfer domain to buyer and and transfer funds to seller at a fee of 30% of the price of domain...
Its 1.5% ???

Let me check Escrow.com page...

 

[werejack]

But it was a reliable source unless I didn't read it correctly or I somehow misunderstood. But I will believe you with firsthand experience over something I just read...

 

[werejack]

30% commission to Escrow.com ??

For larger transaction the cost is below 1%.. At the most its 1.5%.. Where do the 30% come from?

I stand corrected, Castion....
Its 2.5% of selling price plus a $50 minimum if price is less than $5,000...

Sorry about that all. I am also still wondering where I got the 30% from....

 

[Castion]

Yes must have been a misunderstanding. No one would use them at that cost..

A 50K transaction at standard rate cost 445$ which is 0,89%.

Not sure where the 50$ minimum is from, its says 10$ minimum on their page? But I never did anything below 4 figures through Escrow.com, so I cant say for sure.

https://www.escrow.com/fee-calculator?

 

[werejack]

Yes must have been a misunderstanding. No one would use them at that cost..

A 50K transaction at standard rate cost 445$ which is 0,89%.

Not sure where the 50$ minimum is from, its says 10$ minimum on their page? But I never did anything below 4 figures through Escrow.com, so I cant say for sure.

https://www.escrow.com/fee-calculator?

$50 minimum was on one of the results after google it. Must be old.
Didn't go as far as the escrow official website and yes 30% would scare customers... Lol

 

[Castion]

Always go to the source if possible..

Here is a big brokered one I did and as you can see costs are 1759$ on a 195300$ transaction. Less than 1%..

 

[werejack]

Always go to the source if possible..

Here is a big brokered one I did and as you can see costs are 1759$ on a 195300$ transaction. Less than 1%..

View attachment 3548

Yes I see... Less than 1% and wow.... Six figures sales just like that....
WoW....
I am saving the screenshot as additional motivation to hustle until I make it. Also to go for the source....noted.