Privacy After Domain Sales Isn’t a Given, Nor is it Free
A few years ago, I used Sedo’s escrow service for a private domain sale. I had closed the deal in private, but I wanted to have a safe transaction so both the buyer and I chose Sedo to facilitate the payment and transfer. The following week, I saw that my sale was reported to DNJournal by Sedo, listing Sedo as the “Where Sold.”
This same thing happened when I used Moniker to handle the escrow for a transaction several months later. The company didn’t facilitate the sale, and it only handled the escrow for the transaction. This upset me because I didn’t know they reported all sales, and had there been a confidentiality agreement, it would have been violated.
In both cases, Ron Jackson quickly took down the sales reports for me, as I did not want the previous seller to see the prices at which they sold.
I was chatting with a friend today who let me know about a Sedo policy I find disappointing. Sedo charges an additional 2.5% to their sales commission to keep a sale private. I thought this was funky, but it was confirmed by a Sedo employee. I know it’s only 2.5% more from your gross sale, but it seems like highway robbery to me. I hope Sedo reconsiders this additional fee, and I encourage people to simply avoid the fee by asking Ron not to post the sale.
Whenever you buy a domain name from any domain venue, you should proactively request privacy before finalizing your transaction. If the company won’t honor your request (or charges you to keep it private), you should consider your other options.
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