Buy Domains: With No Money Down

One of the best things about buying domain names from NameMedia’s Buy Domains is that I can use my American Express card to make the purchase instead of having to pay with a wire transfer or ACH. Even better is that they don’t charge anything extra for using my AmEx. This is great for two reasons.

I get American Express Rewards points for my purchases. These points can be used for gift cards, hotel nights, upgrades, and many other great products and services. Since most of the acquisitions aren’t cheap, the points can add up quickly.

The biggest reason though, is that I can buy domain names that I plan to re-sell with what amounts to no money down, and I can re-sell them before I even pay off my credit card at the end of the month. Its like a no interest loan, which can’t be beat. Of course, this depends on where in my billing cycle I buy the names and whether or not I am able to make a quick flip, but generally speaking, it can give me at least a couple of weeks before having to actually physically pay.

Buy Domains is a company that I’ve been doing business with for a few years, and I am happy to work with them. Using my American Express card is one of the reasons for it.

Elliot Silver
Elliot Silver
About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has closed eight figures in deals. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest. Reach out to Elliot: Twitter | Facebook | LinkedIn

9 COMMENTS

  1. Elliot, Did you see this article in MediaPost about the worth of domains for media campaigns? Your take may be a good blog entry. MJ

    mediapost.com/publications/?fa=Articles.showArticle&art_aid=122187

  2. Elliot,
    The other point you have to take into consideration is that the AMEX fee is built into the selling price.

    If anything, NameMedia should give you an ADDITIONAL discount when you pay by wire.

    1. The cost of receiving the wired funds is $ 10. or less.
    2. They have immediate access to the funds.
    3. Generally, the wired funds can not be reversed.

    I find the reward points are not worth as much as having the actual cash in my pocket. You are paying for those points.

    Cash is still king.

  3. @ ActNow

    Although I agree with you generally speaking, I negotiate the best price before they know how I plan to pay. I could possibly come back and ask them to lower the price by 3% if I pay by wire, but I haven’t tried that approach.

    BuyDomains is unlike many other companies that charge an additional % or fee to use credit cards.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Recent Posts

Atom Pay Offers $10 Transaction Fee Through 2025

0
Atom.com introduced one of the better Black Friday deals I've seen offered. The platform is allowing customers to transact with its Atom Pay service...

GoDaddy’s Paul Nicks Retires

0
Paul Nicks is a longtime GoDaddy employee of 18+ years, has announced his retirement from the company. Paul previously served as President of the...

Outbound Sales? Look for a Trade Organization

1
I don't think successful outbound domain name sales is easy. In fact, it can be pretty demoralizing depending on the response to your outbound...

Redeem That GoDaddy Monthly Auction Credit

1
GoDaddy recently announced a new benefit to its Domain Pro program. Domain Pro members receive a monthly $20 auction credit that can be used...

Cloudflare Outage Impacting Multiple Industry Websites

7
If you're having a tough time visiting some domain name industry websites today, you're note alone. I was checking on something at Atom.com this...