If you sell domain names via Go Daddy’s Premium Domain Listings channel, a recent change will almost certainly be of interest to you.
Previously, if you sold a domain name via Go Daddy, you had to wait up to 45 days to receive payment, which came by check in the mail. I am use to receiving payment within less than a week when I sell domain names elsewhere, and 45 days seems pretty excessive to me.
According to an email from my Account Executive, there are now other payment options, which will help get sellers paid more quickly. In the email from Brad Larson, “we have sped up the payment process for the Premium Domain Listings sold on GoDaddy.com. It’s ok to stop and smile. Instead of waiting to receive a check, you can now select a different payment method in the Domain Manager and get paid much sooner.”
You can learn more about how to set this up on GoDaddy’s website. One interesting thing to note is that if you do not have a payee account created, Go Daddy will apparently start charging a $25 fee post-sale: “NOTE: If you sell Premium Listings that do not have payee accounts, we send you check payments by default. Starting Jan. 1, 2013, we will deduct a $25 processing fee from check payments.”
Good to see that sellers can now get paid more quickly, although it seems strange that the company is going to penalize people who don’t set this up with an added fee.