Do you buy and sell domain names as an investor? Or are you buying a domain for your business from someone who already registered it?
One thing that always comes up in this situation is how to pay for the domain. It’s not as easy as just buying a domain at your registrar; you need to trust the other party and make sure they will transfer the domain after you pay.
The PayPal Question
Millions of people use PayPal to buy and sell both goods and services. If you’ve used it enough, you’ve probably experienced a time when the other party didn’t uphold their end of the bargain. Maybe you paid for something on eBay and didn’t receive it, or the goods they sent you didn’t meet your expectations.
Because of its ubiquity, PayPal is commonly used to pay for domain name transactions. It’s important to understand how PayPal protects buyers and sellers of intangible goods.
Intangible goods—including domain names and software—are covered differently than tangible goods such as books and clothes.
Using PayPal as a Domain Buyer
PayPal offers protection for domain buyers under its Purchase Protection program. If you pay for a domain name with PayPal and the domain owner doesn’t transfer the domain to you, you can open a claim with PayPal within 180 days of the purchase.
Using PayPal as a Domain Seller
PayPal does not offer seller protection for intangible goods. So if you accept payment via PayPal for a domain and then the buyer ends up doing a credit card chargeback or says they didn’t receive the domain, PayPal will not cover this.
Let Zname.com Help You
Zname.com offers a Domain Broker, where you can buy and sell domains. We offer an easy-to-use platform to list domain names for sale. If you see a domain you’d like, we may be able to get it for you. We also offer an Escrow service, which reduces the risk of fraud by acting as a trusted third-party that collects, holds, and only disburses funds when both the buyer and seller are satisfied.