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2008-09-05 23:33:22 (CST +08:00)
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Escrow Service Overview |
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How does it works?
1. Buyer and Seller Agree to Terms
Both parties agree to terms of the transaction, which includes a description of the domain name(s), sale price, number of days for the Buyer's inspection, and transferring information.
2. Buyer Pays GoldenName.com
The Buyer submits an available payment option. GoldenName.com verifies the payment. Processing time varies by payment method.
3. Seller transfer domain name(s)
Upon payment verification, the Seller is authorized to transfer the domain name(s). GoldenName.com verifies that the Buyer receives the domain name(s).
4. Buyer Accepts the Domain name(s)
The Buyer has a set number of days for an inspection and the option to accept or reject the domain name(s).
5. GoldenName.com Pays the Seller
GoldenName.com pays the Seller by the method selected by the Seller. The transaction is complete.
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What are the benefits?
GoldenName.com, an accredited escrow company, acts as a secure third party to protect the Buyer and Seller.
How Buyers are protected:
- GoldenName.com tracks the transferred domain name(s) and verifies it was transferred.
- The Seller isn't paid until the Buyer accepts the domain name(s).
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How much does it cost?
For GoldenName.com Auctions:
The escrow fee is 8% (For Gold member, the escrow fee is 4%), this fee is paid by seller
Third Party Escrow Services
The escrow fee can be paid by either the buyer or seller, or the fee can be split.
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