Can we backout of a pending Escrow payment in Sedo? - GoFuckYourself.com

Naughty · 08-07-2015, 03:57 AM

We had a domain there at a fixed price, totally forgot about it and now it was sold for far too little and we actually don't even want it. Tey take 30% too, plus 21% tax leaves us with peanuts.

Buyer paid escrow, but i do not want to transfer. Are we ableto say we no longer want to transfer, sell it?

Anybody?

EliteWebmaster · 08-07-2015, 04:05 AM

Quote:

Originally Posted by Naughty

We had a domain there at a fixed price, totally forgot about it and now it was sold for far too little and we actually don't even want it. Tey take 30% too, plus 21% tax leaves us with peanuts.

Buyer paid escrow, but i do not want to transfer. Are we ableto say we no longer want to transfer, sell it?

Anybody?

I had that happened to me once before. Domain sold at buy it now for$1000 but I didn't want to sell it anymore at that price.

Here is what you do, contact sedo immediately and tell them that you no longer own the domain as you (1) sold it before already and forgot to remove the listing.

They will cancel the sale, and inform the potential buyer that the sale cannot be completed. They may suspend your account but more likely you will get a warning only like they did me.

Naughty · 08-07-2015, 04:11 AM

I decided to just forget about it and take the loss.

If it will be sold for a lot later I'll just hang myself;-)

It was drdre.net, i love the name, but wasn'tabletosell any beats by dre or anything on it anyway, as i heard Dre does not take these things lightly.

Maybe he got it (buyer's info is protected) at a steal now, only 200$ :/

woj · 08-07-2015, 04:35 AM

you are complaining about offloading trademarked .net for $200? heh

Naughty · 08-07-2015, 05:06 AM

Quote:

Originally Posted by woj

you are complaining about offloading trademarked .net for $200? heh

Kinda, that is why i let it go. Have had it for 10 years or so.

Vendot · 08-07-2015, 07:44 AM

Quote:

Originally Posted by woj

you are complaining about offloading trademarked .net for $200? heh

Sheesh..... what an anti-climax.

I think i'll go hang myself

brassmonkey · 08-07-2015, 08:06 AM

jeez someone is suggesting fraud! wow

Naughty · 08-07-2015, 08:53 AM

Quote:

Originally Posted by Vendot

Sheesh..... what an anti-climax.

I i'll go hang myself

It kinda is, isnt it. Sorry dude, dont hang yourself. My friend did two weeks ago, No fun in that! ☺😕

_Richard_ · 08-07-2015, 09:01 AM

sorry to hear

Naughty · 08-07-2015, 09:09 AM

Yeah. Sucked. Its a shame though. Those who love living sometimes die too Young while others opt out early.

Thanks.

ErectMedia · 08-07-2015, 09:15 AM

Priced domains can sell quicker but I set all my domains at make offer as I own too many and have them listed on my own site and at a handful of markets so constantly having to adjust prices across different platforms would be too much work.

TheSquealer · 08-07-2015, 09:21 AM

Quote:

Originally Posted by EliteWebmaster

I had that happened to me once before. Domain sold at buy it now for$1000 but I didn't want to sell it anymore at that price.

Here is what you do, contact sedo immediately and tell them that you no longer own the domain as you (1) sold it before already and forgot to remove the listing.

They will cancel the sale, and inform the potential buyer that the sale cannot be completed. They may suspend your account but more likely you will get a warning only like they did me.

You're right. Lying to everyone to weasel out of an agreement is always the best policy and completely legal in any and all business transactions - where legally binding agreements have already been made.

Sounds like a winner!

blackmonsters · 08-07-2015, 02:15 PM

Quote:

Originally Posted by woj

you are complaining about offloading trademarked .net for $200? heh

freecartoonporn · 08-07-2015, 07:40 PM

yes, you can back out, but need to pay around 60 bucks as fine,

Sly · 08-07-2015, 07:44 PM

Quote:

Originally Posted by Naughty

Maybe he got it (buyer's info is protected) at a steal now, only 200$ :/

Dr. Dre would have had his lawyer send a letter. Slamdunk. He didn't buy it.

EliteWebmaster · 08-07-2015, 08:18 PM

Quote:

Originally Posted by TheSquealer

You're right. Lying to everyone to weasel out of an agreement is always the best policy and completely legal in any and all business transactions - where legally binding agreements have already been made.

Sounds like a winner!

It happens to the best of us. People can change their mind. In my case, I listed the domain 6 or 8 months prior and forgot it wasn't removed. The domain was white labeled and making $300 a month without any advertising. Then Christmas Day last year someone bought it at $1000 through Sedo buy it now. Funny thing is I got the advice from someone on GFY

and it worked so I am paying it forward

Vendot · 08-07-2015, 10:02 PM

Quote:

Originally Posted by EliteWebmaster

It happens to the best of us. People can change their mind.

Yes it does but in my personal view, it is HIGHLY unprofessional to do so.

You always need to think long and hard before deciding whether the price is right and whether you want to sell that price. Once you have made your mind up, either accept the offer or don't accept the offer.

Basically part of doing business is about principles and if you don't have them, you won't be doing business. What I am trying to say is that even though we rely on contracts for enforcement, they should not be needed because "your word should be your bond".

Relic · 08-07-2015, 10:18 PM

A lot of people discover Sedo's business model in this manner, you should let them close your account and not use their service further.

08-07-2015, 03:57 AM	#1
Naughty Confirmed User Industry Role: Join Date: Jul 2001 Location: Utopia Posts: 6,479	Can we backout of a pending Escrow payment in Sedo? We had a domain there at a fixed price, totally forgot about it and now it was sold for far too little and we actually don't even want it. Tey take 30% too, plus 21% tax leaves us with peanuts. Buyer paid escrow, but i do not want to transfer. Are we ableto say we no longer want to transfer, sell it? Anybody? __________________ seks.ai for sale - ping me

08-07-2015, 04:11 AM	#3
Naughty Confirmed User Industry Role: Join Date: Jul 2001 Location: Utopia Posts: 6,479	I decided to just forget about it and take the loss. If it will be sold for a lot later I'll just hang myself;-) It was drdre.net, i love the name, but wasn'tabletosell any beats by dre or anything on it anyway, as i heard Dre does not take these things lightly. Maybe he got it (buyer's info is protected) at a steal now, only 200$ :/ __________________ seks.ai for sale - ping me

08-07-2015, 04:35 AM	#4
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	you are complaining about offloading trademarked .net for $200? heh __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

08-07-2015, 08:06 AM	#7
brassmonkey Pay It Forward Industry Role: Join Date: Sep 2005 Location: Yo Mama House Posts: 77,141	jeez someone is suggesting fraud! wow __________________ TRUMP 2025 KEKAW!!! - The Laken Riley Act Is Law! DACA ENDED - SUPPORT AZ HCR 2060 52R - email: brassballz-at-techie.com

08-07-2015, 09:09 AM	#10
Naughty Confirmed User Industry Role: Join Date: Jul 2001 Location: Utopia Posts: 6,479	Yeah. Sucked. Its a shame though. Those who love living sometimes die too Young while others opt out early. Thanks. __________________ seks.ai for sale - ping me

08-07-2015, 09:01 AM	#9
_Richard_ Too lazy to set a custom title Industry Role: Join Date: Oct 2006 Location: Earth Posts: 30,989	sorry to hear

08-07-2015, 09:15 AM	#11
ErectMedia Confirmed Chicago Pimp Industry Role: Join Date: Aug 2004 Location: Chicago Posts: 7,100	Priced domains can sell quicker but I set all my domains at make offer as I own too many and have them listed on my own site and at a handful of markets so constantly having to adjust prices across different platforms would be too much work. __________________ Domain Name Registration Web3 Domains

08-07-2015, 07:40 PM	#14
freecartoonporn Confirmed User Industry Role: Join Date: Jan 2012 Location: NC Posts: 7,683	yes, you can back out, but need to pay around 60 bucks as fine, __________________ SSD Cloud Server, VPS Server, Simple Cloud Hosting \| DigitalOcean

08-07-2015, 10:18 PM	#18
Relic So Fucking Banned Join Date: Aug 2002 Posts: 10,300	A lot of people discover Sedo's business model in this manner, you should let them close your account and not use their service further.