{"id":6411,"date":"2023-10-24T15:50:41","date_gmt":"2023-10-24T19:50:41","guid":{"rendered":"https:\/\/acro.net\/blog\/?p=6411"},"modified":"2023-10-24T15:50:41","modified_gmt":"2023-10-24T19:50:41","slug":"an-interesting-glitch-at-dan-com-locks-down-the-bin-price","status":"publish","type":"post","link":"https:\/\/acro.net\/blog\/an-interesting-glitch-at-dan-com-locks-down-the-bin-price\/","title":{"rendered":"An interesting glitch at Dan.com locks down the BIN price"},"content":{"rendered":"<p>Dan.com provides several options to domain investors, including selling with a BIN price, making an offer, and lease to own options.<\/p>\n<p>In the past few months I&#8217;ve completed 3 LTO deals successfully, which means that three entrepreneurs are now using these domains under full ownership. Dan has been instrumental in creating a niche market for such domain sales that give the opportunity to start-ups and entrepreneurs to roll out brands immediately, paying off the domain cost in installments.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6407\" src=\"https:\/\/acro.net\/blog\/wp-content\/uploads\/2023\/10\/dan-com-lander.png\" alt=\"\" width=\"1200\" height=\"460\" srcset=\"https:\/\/acro.net\/blog\/wp-content\/uploads\/2023\/10\/dan-com-lander.png 1200w, https:\/\/acro.net\/blog\/wp-content\/uploads\/2023\/10\/dan-com-lander-300x115.png 300w, https:\/\/acro.net\/blog\/wp-content\/uploads\/2023\/10\/dan-com-lander-1024x393.png 1024w, https:\/\/acro.net\/blog\/wp-content\/uploads\/2023\/10\/dan-com-lander-768x294.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>That being said, I recently came across what I would describe as a glitch that locks down the BIN price. Consider this scenario:<\/p>\n<p>A buyer makes an offer for a domain that is priced at $5,000 dollars. Let&#8217;s say they offer $1,000 dollars and you decline that offer, countering with $4,000. Obviously, you can&#8217;t counter with $6,000 dollars as the domain&#8217;s BIN is priced lower.<\/p>\n<p>The glitch comes into play when, for example, the buyer becomes unresponsive and you wish to revoke the counter-offer. After revoking your counter-offer, the exchange remains locked to the BIN price.<\/p>\n<p>So what if you now want to change the BIN price for the domain, for whatever reason? Nope, that particular negotiation is not updated and you cannot re-engage with a counter higher than the former BIN price.<\/p>\n<p>Dan.com support confirmed my findings and took notes about my recommendation for a &#8220;reset&#8221; when a counter-offer revocation occurs after an initial offer is declined. Unlike what was happening with Uniregistry offers, the buyer can still go back via the domain&#8217;s lander and submit a new offer, that will observe the updated BIN; they just can&#8217;t do that in the existing negotiation window.<\/p>\n<p>Once again, many thanks to the customer support at Dan.com and to Mauli Fry in particular, who&#8217;s had a long career with Escrow.com in the past.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dan.com provides several options to domain investors, including selling with a BIN price, making an offer, and lease to own options. In the past few months I&#8217;ve completed 3 LTO deals successfully, which means that three entrepreneurs are now using these domains under full ownership. Dan has been instrumental in creating a niche market for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[1489,1481,1189],"class_list":["post-6411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-domains","tag-bin","tag-dan-com","tag-domains","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>An interesting glitch at Dan.com locks down the BIN price - Acro.net - A Domain Investing Blog by Theo Develegas<\/title>\n<meta name=\"description\" content=\"An interesting glitch at Dan.com locks down the BIN price\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acro.net\/blog\/an-interesting-glitch-at-dan-com-locks-down-the-bin-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"An interesting glitch at Dan.com locks down the BIN price - 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