Starting the new year on a positive note: Sedo is still a big player in the domain marketplace, as long as you define certain parameters.
While I made the decision to remove my domains from Sedo last year and move them to Internet Traffic, I must clarify that the issues I had weren’t triggered by the Sedo employees, whom I’ve praised in the past for their efficiency.
The bone I was picking was with the faceless corporation; the decisions that were made regarding how my portfolio would be shared among the infamous SedoMLS across GoDaddy TDNAM and beyond. Since none of these were under my control, nor were any options available to change them, I moved out.
That being said, Sedo works like a German clock: efficient within its rules and not as expensive or accurate as a Swiss one. It’s a combination of value, versus that of luxury.
And that was a rather long introduction, to my latest sale at Sedo, which was initiated at Internet Traffic. So here’s the juice.
After a few rounds of negotiation at Internet Traffic, the buyer accepted my price, then refused to use Escrow.com and proposed PayPal instead, citing past problems with credit card validation through Escrow.com.
Now, I would not trust my own mom with PayPal – as a figure of speech – at least not when transacting on “intangible items” such as domain names. There is zero coverage on those items by PayPal, should the seller or the buyer decide to “screw” each-other.
I refused to use PayPal with some stranger from south-east Asia, and proposed the use of Sedo instead. The buyer accepted, and I added my domain to Sedo with a BIN that reflected a 15% charge on top of the agreed price, and sent him the link. He paid promptly, and then the transaction remained idle through the end of the year.
I’m now happy to announce that the sale has been completed, with Sedo closing the transfer a few minutes ago. I’m very satisfied with the exchange, not to mention that by accident, I made 5% more: Sedo charges only 10% when domains are listed with a BIN.
Many thanks to Josh and Colin at Sedo, happy new year guys.