Dead Beat Buyers, I hate them.
From those agreeing in an email to buy a domain for a set price then to just refuse to follow through, to those that actually set up a Escrow.com transaction to buy a domain name even agree to the transaction, but never fund it, to those that agree to buy a domain for a price only to come back sometime later with an offer to still buy the domain but at a lower price than they agreed to originally.
All you have in business is your word, so if you agree to buy something then buy it.
If you set up an escrow.com transaction to buy a domain then fund it.
If you agree to buy a domain for $10,000 don’t come back with a $5,000 offer a month later.
Deadbeats, game players, people that go back on their word or as Francois from Domaining.com point out maybe they just changed their mind.
Personally I’m sick of it.
I want this to be the go to post for anyone in the industry that has ever had a dead beat buyer in the same fashion as Rick Schwartz blog post on RDNH which he updates every time a UDRP panel finds someone guilty of Reverse Domain Hijacking.
Some readers suggested that we should only mention the name and email address of the person and to withhold any further information like address or phone numbers. We have considered the readers position and removed everything but the name and email address of the “buyer” both from our post and the comments.
If you have such a person, company, buyer who has engaged in this behavior you may post a comment but you are responsible for your comment, again please only give the name and email address of the “buyer” and the domain.
This post hopefully will serve as a warning to all game players, buyers who offer to buy domains without having the money to buy or anyone else who tries to back out of a deal.
In the meantime here are just a few of my dead beat buyers in no particular order, it will be updated as we receive more information and comments.
If your on the list and have something to say feel free all responses and comments will be published.
1. Jonathan Kaplan email address: firstname.lastname@example.org agrees to buy the domain onvideos.com for $15,000. On two separate occasions transaction are started and both of those transaction time out, when Mr. Kaplan fails to Fund the transaction.
2. Greenhill Group, LLC, and Bienvenu Marcus Mavakala agrees to buy the domain HomeLoanMortgage.com for $40,000 through BuyDomains.com, we agree to finance the domain and prepare a contract and note. After having the documents for several weeks, this week they notify the broker they are not going to proceed with the transaction meaning not only did they not follow through with an agreement but they wasted my time by preparing agreements.
3. Marcelo Olsak email addresses; email@example.com; firstname.lastname@example.org; agrees to buy newCondosMiami.com for $3,500 two escrow.com transactions started and time out for non-payment then offers to buy the domain for the reduced price of $2,500.
4. Perry Dee email address: email@example.com offers to buy CatchMeUp For $11,300, offer accepted by myself escrow.com transaction started, escrow.com transaction times out.
5. Chetnesh MISHRA email address: firstname.lastname@example.org agrees to buy StudyinParis.com for $10,000, fails to start Escrow.com transaction, 3 weeks later says they can only pay $5,000.
So some people like Francois from Domaining.com points out that some people might have just changed their mind.
How do you consider buyers that say they want to buy a domain and then back out because they changed their mind?
According to Francois he has hundreds of buyers that did not complete the transaction
What do you think?
In response to comments made by readers we have changed the post to remove any additional information other than the buyer’s name and email address.
You can read more about this above and below in the comments.
Moreover due to some of the readers comments especially that of Dr Hartnett we have removed Mr. Ding from the our list. Based on other domainer experience it seems that Mr. Ding is not a game player, dead beat buyer or mind changer, it seems as if we had an isolated incident and experience and therefore removed him from the list
For more information on this you can also read the comments below
We will keep updating this based on feedback and comments of readers.