When it comes down to receiving payments from Sedo, either for the monthly PPC revenue or for domain sales, nothing beats the speed and efficiency of direct deposit (ACH).
This is the fastest method to receive your money from Sedo, faster than Paypal, check or bank wire. With the ACH option – that requires a special routing number from your bank – the cash is there within 24 hours of Sedo issuing payment.
Sedo has streamlined the process even further, by combining payments.
For example, if your monthly PPC revenue payment is due at the same time as the proceeds from a domain sale, it will arrive in a combined transaction.
Of course, this will save Sedo a couple of dollars; just be aware of that, in case you are looking for a separate transaction that just so happens to be already in your bank account 🙂
Have a great Friday and expect many more domain sales next week as the domain market is truly on an upturn.
For updates, follow me on twitter: http://twitter.com/acroplex
Good to know Acro.
IMO sedo could boost domain sales considerably by allowing members the option to accumulate both ppc earnings and the net proceeds of domain sales, in an account at sedo.
Members could then purchase other domains in the sedo system by using funds accumulated in their account.
fizz – I think that’s a great idea and it has occurred to me in the past: having sold a domain and needing to pay for one I just bought, both on Sedo.
Agreed Acro, and in addition to saving on bank wire fees there’s also the problem of losing out on the exchange rate side, ie. your bank buying your inwards USD/Euro at a low rate and then you having to purchase USD/Euro at their higher sell rate when making a sedo purchase.
Having an account also works to advantage to avoid exchange rate losses if your domain registrar also offers a ppc service, as with Fabulous.com. Just a suggestion, but PPC earnings can stay in your account to pay for renewals, with domains set to the ‘renew forever’ option so that if any calamity should befall you, there’s a built-in time buffer period (to avoid domains deleting)while your affairs are sorted.
Sure it’s a great news, but you should firstly find a buyer via Sedo. For me I have sold a single domain 2years ago via their market.Now Im seeking new ways to monetize my domains portfolio.
Thanks for the share;)
fizz – Great suggestions again 🙂 As a fan of Fabulous.com I’m happy with that funding option. Sedo is generally open to suggestions; I will bring this up with my account manager.
diffirent – Sorry to hear that, it’s all a matter of owning quality domains and “hunting” the right buyers unless they find you first 🙂
Thanks fo rthe heads up Acro.
But in my past experiences with Sedo, you have to gently remind them to pay you from time to time.
I don’t know how many times their standard “Payment will be issued in 1 to 2 business days” has turned into weeks and only gets paid when you ask for the case to be escalated.
Offering faster payments is one thing, but actually following through on them is another.