How to sell / buy a domain

Do you want to purchase the domain you like from its owner? Or, on the contrary, are you selling your domain name? Then you must understand how difficult it is. The problem is that when buying and selling a domain, it is very easy to face frank and practically unprovable fraud. After all, when dealing with an electronic product (which domains are in essence), one party must take the first step - transfer the domain or money. At the same time there is a risk that the second party will refuse to fulfill its obligations. Therefore, the seller wants to transfer the domain only after payment, and the buyer wants to transfer money only after receiving the domain. On these disagreements, a fully probable and, seemingly satisfactory deal may end.





In principle, you can try to solve the problem by entering into a formal contract. However, it is necessary to understand that often the seller and the buyer of the domain are located in different cities or even countries. In this case, negotiations and sending documents for signing by regular mail can take several weeks. And claims in the event of non-fulfillment of even officially legalized obligations will be very difficult to present. It is unlikely that someone will go to court because of the relatively small amount.



Therefore, the only effective way to protect yourself from fraud when buying or selling a domain is to use special services offered by some registrars. Their essence is as follows. Both parties to the future transaction agree on the value of the domain. After that, the buyer transfers the amount to the registrar. The service deducts personal income tax from this money (laws must be respected), transfers the balance to the seller and changes the domain owner in the Register. This approach guarantees the transaction full official and legal purity. And this is very important, because disputes around domain names are quite frequent.

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