• Home
  • About
  • Privacy Policy/Disclosures
  • Advertise
  • Contact

TLD Investors

Domain Investing Stats and Tips

Doing Deals With Chinese Investors ? They may need your help to complete transfer

November 24, 2015 by Raymond Hackney

If you are dealing with Chinese domain buyers you are going to have to help them a bit after the sale. A lot of Chinese domain investors do not want a push at Go Daddy or other registrars, they want to transfer to Ename. So I did a transaction that went smoothly, actually four transactions with Chinese buyers. Payment made, I sent them the authcodes, etc…

So then I start getting emails from Ename part in Chinese and part in English. I guess to help fight domain theft they need proof if the registrant details are not the same at the losing registrar.

Hello, customer number edited:
Thank you for using our domain transfer service!
To protect the safety of domain environment, recently we are reviewing domain transfer to eName.
As per checking, the losing registrant at the time of transfer does not match the gaining registrant . So we are here to notify you to provide relevant documents to safe@ename.com for us to verify the transfer using the registrant email address in the whois data at the time of transfer.

You can verify via any of the below methods:

1: Please provide the ID card or passport copy of the losing registrant prior to transfer;

2: Please ask the losing registrar to send us an email stating that the transfer of domain zhnh.net is willing and authorized by the domain registrant;

3: If the domain name is transacted via a third party platform, then please provide detailed transaction records .( Such as screen shot information: it needs to include transaction platform URL, transaction time, domain, two transaction parties’ names, email addresses and other information, transaction price and other information which is irrelevant to the verification, you can block it out. )

Please note that there is no guarantee a verification pass for method 3. It depends on the completeness and validity of the information you provide. We suggest you take method 1 or 2 to submit verification.

During the period, the domain is not allowed to release transaction , but it won’t affect the normal use and management over the domain, please understand.
Thank you for your attention and support for eName!

Other domainers have contacted me thinking they were getting scammed with the request for ID. I explained it is not a scam just an extra step that may not be worth the hassle.

I try to help people have a smooth transaction, but I do understand why some say they will only push at the registrar and then leave them to do their transfer on their own. Of course this starts a 60 day lock at Go Daddy and Chinese investors want the name on Ename right away so they can buy and sell immediately.

I did contact Ename that I was the seller and I was paid the transfer is legit but I got a returned email in one case, I emailed again and hope the buyer is now set.

I had noticed domain wanted threads on Namepros where a Chinese member stated, “I will need your help on the transfer.” So be aware if you are doing deals you may have some work to do after the transaction.

Related Content

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to print (Opens in new window)
  • Click to email this to a friend (Opens in new window)

Filed Under: Chinese Domain Names, Chinese Marketplaces, Domaining 101

About Raymond Hackney

Raymond Hackney has been involved with domain names since 1997. One of the most prolific writers in the domain industry and founder of TLDinvestors.com and 3Character.com

Comments

  1. Cynthia says

    November 25, 2015 at 3:28 am

    Choose DN.com to proceed transaction is a good choice. Save a lot of time and effort.

    • Raymond Hackney says

      November 25, 2015 at 3:35 am

      Not for a $400 transaction it’s not. The one person who contacted me had a problem with DN.com not releasing funds after name was transferred. DN.com was not making anything smooth for the seller.

      I think many Chinese buyers are going to find that they are going to have to get the push and then handle the transfer from their Western Registrar account to their Ename account.

      My one transaction was not at a Chinese premium where I said well he paid so much more than anyone else so the juice was worth the squeeze. I would have wished someone else outbid the buyer by $5.

      • Eva says

        October 10, 2016 at 1:38 am

        Just to make it clear, DN.com doesn’t hold the funds for no reason. We apply our 10-criteria domain name inspection on every domain, sometimes the transaction gets completed in minutes, but we need time to inspect the domain names, as we check all the information manually. We believe it’s for the good of both parties. DN.com may not be able to help sellers to skip any procedure, but we do speak both Chinese and English and we have a very close relationship with eName. So, in that sense, I believe we’re helpful.

  2. @PotentialNames says

    November 25, 2015 at 4:15 am

    “I try to help people have a smooth transaction, but I do understand why some say they will only push at the registrar and then leave them to do their transfer on their own. Of course this starts a 60 day lock at Go Daddy and Chinese investors want the name on Ename right away so they can buy and sell immediately.”

    What difference does it make. After you issue buyer auth code for domain transfer to ename (or another registrar) instead of a fast push at current registrar; the buyer still can’t transfer the domain to another party until after 60 days.

    • Mobi says

      November 25, 2015 at 4:22 am

      Once you push the name to the Chinese investor at go daddy he can’t transfer it to ename for 60 days he wants he name right away he doesn’t want to wait one second let alone 60 days.

    • Nat says

      November 25, 2015 at 2:36 pm

      Right – the buyer can’t transfer out of eName. But he can push the name to another buyer at eName ASAP.

      Regarding the ID, you shouldn’t have to provide that. Instead, make sure your name is unlocked and then just click on the appropriate link in the email from eName. If you see a green check mark come up, then you have verified.

  3. shimmy says

    November 25, 2015 at 9:15 am

    Company employees always get contacted buy identity theft buyers. There is no way I would ever give Ename a copy of my passport. Did you do that?

  4. Nat says

    November 25, 2015 at 2:39 pm

    Actually, if you got that email after the domain was transferred and in the buyer’s possession (his info on WhoIs), then I think you can just ignore it.

  5. Mary Shaver says

    November 25, 2015 at 8:25 pm

    Well watch out because I sold a couple domains to Chinese buyers and on one I got the transfer authorization email before they had paid at escrow. If I had clicked the link I would have lost the domain with no payment.

Recent Posts

  • That’s an interesting way to use MacyGray.com
  • Hyper Personalized Search Listings
  • One year later 7910.com closes significantly lower

Recent Comments

  • Manuel on Hyper Personalized Search Listings
  • Jose on What’s one insight that has led you to become a better domainer?
  • VC on What’s one insight that has led you to become a better domainer?

Categories

Monthly Archives

domain name news

© 2021 TLD Investors · All Rights Reserved

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.