金名网(4.CN)

About Escrow Service

1. What is third-party escrow service?

This is basically a service whereby property or money is held by a third party until the conditions of a contract have been fulfilled. In 4.CN's case, we act as a third party receiving the buyer's funds until the seller transfers the domain to the buyer's control. This enables both buyer and seller to work with absolute confidence that neither of them will be defrauded. When ordering an external domain transfer, you may designate whether the Buyer or Seller should pay the transfer fees.

2. I can carry out the transfer myself, Why should I use 4.CN to transfer the domain name(s) and pay for the service?

By using 4.CN’s escrow service you have security and peace of mind or your money is safe, we are able to offer technical assistance for transfers due to our knowledge of the many different registrars out there.

3. How long does the third-party escrow service take?

It depends upon
1) the inspection period agreed upon by both parties;
2) the Buyer's payment method;
3) Delivery time from Seller to Buyer;
4) Seller's selected disbursement option. Generally, most escrow purchases can take from several minutes to 17 days.

4. How much I have to pay for the third-party escrow service? Who will pay for it?

Creating an account and listing a domain for sale on 4.CN is completely free. Should you transfer a domain through Goldenname, you will be assessed a 8% commission fee(gold name enjoy 50% discount ) which covers the escrow for the domain name and the money for the domain. Buyer and seller can negotiate who will pay for it or two parties share with each other. But Buyer is obligated to pay for this fee if his /her sell the domain name through auction.

5. How do I view the status of domain name(s) transaction?

6. How to transfer the domain name(s) after the auction closed?

There are two ways to transfer the domain name from the seller to buyer.
The first way is directly transfer the domain name to buyer. Both of the two parties delivery their files to registrar, and the registrar will modify the whois information to buyer’s, then transfer this domain name to buyer’s account. Besides, seller can transfer his domain name to an automatically domain name transferring platform (Enom.com/Ename.cn), then directly push the domain to buyer’s account.
The second way is that seller transfer the domain name to 4.CN, and 4.CN transfer the domain to buyer later. This way are more convenient to both parties, but will take longer time.

7. How long does the buyer pay for the domain name(s) after the transaction starts?

We ask the buyer to send his payment within 3 working days. This of course varies due to the time it can take for money to be sent to and from different countries. We only accept payment via wire transfer, and of course a wire could take time to get from one bank to another.

8. As a seller,when shall I receive my money after the trsaction starts?

Once the buyer confirmed receiving the domain, the payment will be automatically transferred to sell’s account in 4.CN, also we can wire the money to sell’s request bank in 3 days.It depends. From Min several minutes to Max 17 days. (Newly registered domains only can be transferred after 60 days). Process are as below:
1. Buyer pay the money. (usually we request in 3 working days)
2. Apply for the auth code from domain name registrar.( less then 7 working days)
3.Transfer the domain to a new registrar according to buyer’s request.( less then 5 working days).
But if this two registrar are the same, you can finish this procedure much quicker.