Sure, it may add another half day or even a whole day, but if you do $50k in sales a year you’ll save $3,500 in fees. I doubt it’ll make you lose many sales (if any), and it really adds up.

Also, another good point is that if you do it through email the buyer doesn’t have to already have a Sedo account, the agent will set one up for them. That removes a daunting step for them, which may actually help you close the deal.

**Jamie Says**
It would be nice if they changed the process so the person starting the escrow could do most of the work (enter info etc). Once it’s all filled out, basically an email would go to the buyer and things would get rolling right away. I do agree you can save on fees by using it since it’s only 3%.

I normally send them a Google Checkout invoice. All but two higher priced domains have sold like this. Everyone knows Google (even more so than PayPal) and trust it.

For the two more high-end domains, one being $xxx,xxx I used wire transfer of 50% and then after the domain transferred he wired the other 50%. The other domain was sold with the assistance of Escrow.com which was a very smooth transaction.

J.R.

**Jamie Says**
Hi Michael,
The one thing that I have a problem with is “Time”. Once you commit to using Sedo, you are taking a great deal of control out of your hands. Is Sedo going to get the ball rolling right away? I guess I question the process they have in place currently, since you have to “email” them to get rolling. This could easily lead to a couple day delay and spell trouble.

What payment collection methods would you suggest using when selling a domain for a small amount, say $70 or less? Third party escrow services are likely to costly for a low dollar sale, so what methods do you use?

**Jamie Says**
At $500 or less, I often take the risk with Paypal. I will always request payment via Mass Pay (and explain the Mass Pay) but I will take just a regular Paypal payment unless I do not have trust in the buyer (funky email, funny name etc). I have heard Moneybookers is good as well but have not used them. Money Orders or Bank Checks are good if the buyer holds trust in you as the seller to transfer the domain.

**Jamie Says**
I have done this once but I question a couple things about it. I bank at a Credit Union and to wire, it’s simply a super crazy process. If I remember correctly, you then have to provide wire info which includes your Bank Account Number. Secondly, it offers no security for the buyer to actually “get the domain”. Having the buyer send a wire can also cause “running around” for the buyer to do, and I know that doesn’t make me happy.
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That is my reason for not including that as an option or the best idea.

Great advice, Jamie!

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