A couple of weeks ago, I wrote about how Dan.com is holding up payouts on LTO deals. The payout change was vaguely alluded to in bullet point 9 on a product update posted the day the Afternic LTO was announced. No reason for the change was announced, and it is not at all clear what the actual payout policy is now.
Prior to the change, Dan.com would send a payout to the seller the business day after a buyer made an installment payment. After the change, some payouts have been delayed, and there does not appear to be consistency on payout timing. Worse yet, neither Dan nor GoDaddy have offered any explanation about why delaying payouts is necessary.
In my opinion, changing the payout timing for active LTO deals is unacceptable. Dan.com should return to issuing payouts to sellers the day after receiving the monthly installment payouts from buyers on deals that were created prior to the payout change. This is what sellers expected when they listed domain names for sale on Dan.com – and when the domain names were sold prior to the product update announcement last month.