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Paypal Limitations in India Could Pose Problems for Domain Investors

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I read the TechCrunch article  yesterday about Paypal limiting payments to merchants in India to $500 beginning March 1st, and I think it will make an impact on the domain business. If merchants need to accept a higher payment amount, they need to look elsewhere.  The restrictions have been put in place by the Reserve Bank of India rather than Paypal, and it was announced on the official Paypal blog yesterday.

In my opinion, this news could be very bad news for  Indian domain investors and could also be a big annoyance to others who live outside of India but who do business with Indian companies.

For just about all transactions that are under a few thousand dollars, I use Paypal. From my perspective, this limitation would pose a problem for me if I am buying a relatively low value domain name for a domain investor in India. The cost of using a service like Escrow.com might be prohibitive on a low value deal (but above $500), yet the seller wouldn't be able to accept a Paypal payment.

Similarly, for web development → Read More


Things I Learned About Renewals

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In the past month, I've been going through the first round of  dog walker advertising renewals on DogWalker.com, and I want to share a few things I've learned that might be helpful to you if you have web directories.

Paypal is great, and Paypal subscriptions are  fantastic. Every day, I am getting payments from dog walkers whose listings are expiring but automatically renew via Paypal. These renewals take the trouble out of collecting payments after the first year, saving me significant time and effort re-contacting dog walkers and re-billing.

I am thankfully getting FAR fewer cancelations and/or refund requests than I anticipated.  I would say it's probably less than 10% including subscriptions where the payment failed (may be due to expired credit card or cancelled Paypal account).  There have been over 50 renewals so far.

If you do use Paypal, here's a tip for you.  If your Paypal account is used for multiple websites, you will want to realize that the receipt people receive will have your company name. In my → Read More


Potential Problem with Paypal Subscriptions

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I've had a good amount of success with DogWalker.com, and there are around 250 paying advertisers on the site right now (maybe more). Nearly all of them pay annually using a Paypal subscription, which is connected to my company. As every business owner knows, recurring payments can be an important revenue stream (just ask Domaintools, Apple, and every other company that employs auto-renewal subscriptions).

Perhaps due to the website's success or the fact that it's a very good domain name, DogWalker.com has been my most inquired about asset. Offers from entities ranging from dog walkers to large companies outside of the domain space have inquired about buying the domain name and website. As with everything I own, there's probably a price for which I would part with it, so I've thought about the feasibility of selling the website.

The Paypal account I use to collect payments is associated with my company, and it is attached to bank accounts, email addresses, and websites that aren't related to the DogWalker.com website. I've → Read More