Selling my domain name to USA client - advice neede.

[jconsta6]

Hi all,

I've just sold my domain name for several thousand dollars.

It's been through private negotiations.

I'm not to sure what the actual transfer process is, but I'm sure there are plenty of places on the web to find out how.

My real question is that we've agreed on a USD amount. What is the best way to ensure I get the cash and don't end up being scammed out of it with bankers cheques etc that clear, and then dont 14 days later etc?

Is there any problem getting dollars converted and transfered to me?

Any tips or advice appreciated.

Thanks

JC

[JamieBeeston]

use an escrow service would be the best option..

or, if they dont mind waiting for funds to clear in your bank, have them make an electronic transfer to you.

escrow is always the safest route really.

J

[andyps]

Get them to pay by PayPal - will cost you a few percent, but might be worth it for peace of mind.

[JamieBeeston]

andyps said:

Get them to pay by PayPal - will cost you a few percent, but might be worth it for peace of mind.

Hate to disagree.. but...

Totally not.

Paypal is one of the worst methods to get paid.. It's the only payment method I refuse point blank to accept..

They will charge back, paypal will give them the money, AND then charge you £20 admin fee for dealing with it..

100% avoid paypal..

[jconsta6]

Thanks all,

They have emailed me overnight and suggested they transfer half the amount direct to my bank account. Once I'm happy that has cleared I will transfer the domain, and then they will transfer the other half.

Can't really see an issue with this? Can anyone else?

Thanks

JC

[jconsta6]

Oh one other thing,

Will there be aproblem transfering dollars to a uk GBP account? Or will the bank just convert it on the fly?

Thanks

JC

[jconsta6]

Apologies for the Columbo style posting...

and one more thing....

Is it possible to set up a USD bank account, get it paid in there and then leave it until the Dollar gets stronger?

Just trying to think of all the best options.

Thanks for any advice.

[ginettag27]

Agree with Escrow! Safest way.

USD account - certainly I've got one with HSBC, I'm sure most High Street Banks will allow you to set one up.

[andyps]

JamieBeeston said:

andyps said:

Get them to pay by PayPal - will cost you a few percent, but might be worth it for peace of mind.

Hate to disagree.. but...

Totally not.

Paypal is one of the worst methods to get paid.. It's the only payment method I refuse point blank to accept..

They will charge back, paypal will give them the money, AND then charge you £20 admin fee for dealing with it..

100% avoid paypal..

I know they may not be the best, but there is a certain degree of re-assurance with them in terms of getting the money which I felt was one of the concerns here.