When a Dan.com Buyer Doesn’t Start the Transfer

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One of the things I like about using Dan.com to sell domain names is its automated transfer process. When I sell a domain name via Dan, they immediately asked me if I would like to push the domain name to their account at GoDaddy or send them the authorization code for an outbound transfer to their preferred registrar. It helps expedite transfers and deal closings since we don’t have to wait for a transfer agent to start the transfer manually.

Occasionally when I select the transfer option, instead of initiating the transfer to its preferred registrar, Dan will send the authorization code to the buyer who has already paid. In doing this, the buyer needs to start the transfer process on his or her own rather than having Dan start the transfer. This can cause a bit of lag time if the buyer is slow to initiate the transfer.

If the buyer is slow with initiating the transfer, I reach out to Dan.com to ask them to take possession of the domain name and work directly with the buyer on the transfer process. I usually give at least a day or two, figuring if the buyer hasn’t started the transfer by then it’s either a tech issue or a low priority for them.

When I reach out to Dan, they respond with their GoDaddy account details so I can push then name to them. Once they have the name, they can work with the buyer to facilitate a transfer or account change. Another nice thing about Dan is they will pay the seller once the seller has transferred the domain name. Sellers don’t need to wait for the buyer to have the domain name as long as they have fulfilled their own obligation.

By asking Dan to manage the transfer, the deal moves from being on the buyer’s timeframe to a more normal time.

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

3 COMMENTS

  1. I’m dealing with one for a .gg right now. Dan won’t take possession because of the high transfer fee for these domains.

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