Congratulations you just sold a domain name for $9,999 on GoDaddy auctions. Your transaction has now been forwarded to Escrow.com since it’s over $5,000.
Whoops, Escrow.com does not support your country and they will not send you the proceeds from the domain sale.
Payment transactions depend on the domain name’s selling price and the company (registrar) where the domain name is currently registered. If the domain name sells for less than $5,000 we process the transaction in-house through Transaction Assurance. We process domain names selling for $5,000 or greater through Escrow.com, an escrow service that subtracts processing fees from the seller’s proceeds.
One member at Namepros posted about this exact dilemma. They made an $8,885 sale at GoDaddy. Escrow.com does not support their country so they had to get the transaction cancelled.
This is not a good look. Buyers start to think all kinds of things when a transaction gets cancelled. It’s not a sure thing you can get them to get refunded, possibly pay fees for sending the money etc… Then get them to pay again.
Heck I had an $888 transaction that I had the buyer’s info first, but they went to GoDaddy and I sold through Afternic.
It was a newly registered domain name. They understood nothing about 60 day locks, domain pushes at another registrar.
What they understood was they sent their money to GoDaddy the name they trust. If the deal could not be done, something seems shady.
GoDaddy is big enough to handle all transaction themselves, they should handle all transactions themselves. A domain investor should not have to go from the excitement of a nearly $9,000 sale to a cancelled transaction and the hopes it can be rekindled at another marketplace.