I want to clarify this entire situation for everyone reading!
See I am sitting here one day on the computer and I decide to go to over to sedo, I have read alot of bad things but I had an old account with them a few domains parked in it.
So I said lets check out the bargain bin never even searched for names on there network.
Ok so bargain bin is domains under $299
I come across a domain, Looks very interesting for the price.
aastats.com coule be a typo for awstats.com wait awstats.org
Maybe it was a typo for aaastats.com a developed website.
I could see how it would get some traffic, but this was
really high.
I think it was
9,201 for the past 30 days when I made the offer.
The guy was asking
$150!
Wow that is not much money, bought it hoping maybe it could be atleast asian traffic, I did not care what country the traffic came from.
I did not even pay asking price submitted an offer of
$100
And the guy comes back and excepts it, I knew right then more than likely the traffic was fake, for the seller to except that.
But now I am binded into the contract. So I send my $100 to sedo through Paypal.
It takes them almost 7 days to claim they have the money, that left my account right then.
It took another 3 weeks to get the domain, wait I forgot something
Sedo reported in there system I had the domain 7 days before I actually got it.
By now the seller has his money and ran off to probally buy traffic for the next domain he was going to scam someone on. %+|
I work based on principals. And what is stated on the websites where i buy or sell domains.
The principal of the matter is sedo says you can trust their site and community. Well I figured all this would happen and I would be out of my money. Not like it is taking bread off the table but that is a good couple days parking revenue I lost.
And for some people stating Sedo Did what it is suppose to do in their escrow transaction, that would be false. Sedo pays it members the moment they receive the domain, not when the buyer receives it.
Also I would like everyone to consider this. Not only does sedo do nothing it is members for using false means to get traffic to there parked pages.
It also breaks its own policies by sending out the sellers information to the buyer.
That is right sedo sent me all the sellers information. :dead:
Ok so now we know all the policies have been breeched by the company that wrote the policies and that sedo does feel that this transaction was a bad transaction. Or they would not have sent me the details of the seller.
:undecided
So to no end does sedo wash there hands of this situation after send me messages let me add this one where sedo stated they would help recover my funds.
Yes Sedo did that state that also They Backed out as I figured they would when the seller was unwilling to give them the funds back.
So I want to warn all users that ever need to do any kind of dealings with domains listed on sedo.
Heed this advice:
#1: Contact the seller from the whois information: The seller should be more than willing to sell to you out side of sedo.com or sedo.co.uk
They have no obligtion to go through sedo and pay sedos commision fees.
#2: Arrange payment through Escrow.com: This way you can set a limit on how many days after you receive the domain, that the funds are sent to the seller, this gives you time to check the traffic.
#3: If you have any problems on sedo they are not willing to help only give out your personal details to the buyer/seller. A strict break in their own policies.
As for me and my dealing through sedo it will never happen again, As they have lost all my trust.
I also have any factual data and details anyone needs from this transaction and all buyers should beware of the seller listed in the thread.