FUSU.com The Newest Player for Domain Auctions
FUSU.com, announced today that it was entering the ever growing community of sites hold domain auctions.
Their auctions will have only a 1% sales fee.
Here is the full press release:
Dear Fusu users,
we are happy to announce the introduction of domain auctions to Fusu.
Fusu Auctions allow you to list your domains for sale and gain exposure to
the Fusu community of domain investors. We have two auction formats:
* Anyone can list a domain for a Standard Auction. Fusu does not require
domain ownership verification in this case, nor process payment, but
provides just the auction platform. We charge 1% of the reserve price.
* For Premium Auctions, Fusu verifies the domain ownership and acts as
escrow agent for the payment and transfer. The domain owner can choose
whether to hold the auction as pre-paid (the bidders have to transfer
funds to Fusu before they can bid) or post-paid (the winning bidder pays
after the end of the auction through Fusu). In both cases, Fusu charges
its signature 1% fee to the winning bidder and to the domain owner.
We hope that the new Auction system will add further liquidity on both
ends of the market spectrum: On the low end, small, lower volume auctions
so far were typically handled through forums. The Fusu Standard Auction is
a cost effective and easy way to hold an auction. For high end auctions,
where payment and transfer security is paramount, the Fusu Premium Auction
introduces for the first time in the industry pre-paid auctions,
effectively eliminating the risk of bidders not following through on their
wins.
Loading ...
Mike,
Was FUSU.com the service that was for listing expiring domains for sale?
No FUSU was the service for selling fractional interests in domains.
We wrote a blog about whether the practice of buying and selling shares on their exchage was legal a while back
If you didn’t read it at the time here is the link:
http://www.thedomains.com/2008/05/12/selling-buying-domain-interests-on-fusucom-is-it-legal/
Is this new news? I remember covering an identical story over a month ago based on a similar press release from Fusu.
http://www.domainnamenews.com/news/fusu-announces-co-buying-and-auctions/1670
OK, FUSU is the domain stock exchange. What was the website that advertised itself for selling expired domains?
Chad
Yes looks the same, I got a letter as a member of FUSU.com dated today which is what i reported on.
Tony
Dailydomaindrop.com
Thanks, Mike. You are the man!
Good News – go FUSU go – let’s see you in action.