QLQ is a relatively new domain name brokerage that appears to primarily target Chinese domain name buyers. I have never done business with QLQ, but I am on the company’s email distribution list. Some of the domain names the company is promoting on its website are IO.com, FJ.com, and IB.com. Past sales mentioned on the website include QT.com, 732.com, and 793.com among others.
This morning, QLQ announced a unique “Domain Guaranteed Buy-Back” option. I am not familiar with any other companies making this type of offer before, and it certainly seems interesting.
As the operator of a US-based company, one major concern I have is that funds seem to be held outside of the US. If there are any issues, it could be more difficult to enforce the agreement. I have not looked at the contract or spent much time thinking about this since I just received the email, so I would be interested in hearing what readers have to say about the offer.
Here’s the text of the email that was sent:
QLQ is proud to present you with our newest product offering, the Domain Guaranteed Buy-Back.
This is a safe and secure way for you to invest in a rare and valuable domain name with a high price tag. Here is how it works:
You find a name that you like in our list on the dlo.qlq.com micro site. Then you decide how you want to pay, either a direct deposit to escrow or we have banks in China waiting to accept your cash! At the same time you decide how long you would like to hold the lease of the domain name. Once you purchase the domain name your cash goes into a secure escrow account and is held there for the duration of the lease. During the period that you are leasing the name you may choose to sell it, develop it, trade it, etc. If you decide that at the end you don’t want to keep the name then no problem, you return the domain name to us and get your cash back.
There are so many incredible opportunities with this product. You can purchase a name now at today’s prices and hold it for a year just to sell it at a future rate and if the market turns back, no problem, you can return the name. Talk about limiting risk! You can purchase a name and develop it into a business and our partner Branded Holding Company can assist you and acquiring Visa’s to move to a location of your choosing. These are just a couple of idea’s but the sky is the limit so get in on this product today before you miss out!
Get these great 2L.com domains without any risk
RG.com, MB.com, JO.com, SU.com
Get them now!
If the buyer chooses to return the lease buy-back domain name, after the optional period of 100, 200 or 365 days, the seller will release the funds held in escrow back to the buyer less a transaction fee of 5%, 7% or 10% respectively. Additionally, any escrow fees will be covered by the buyer. To initiated the return the buyer will give notice of return and within 48 hours, return the domain name to the seller, the seller then has 72 banking business hours to return the funds to a bank of the buyers choosing.