Yesterday I was talking to a friend of mine who is another startup founder here in Austin. He is getting ready to buy a domain name, the negotiation is over, and now he’s trying to sort out the safest way to pay for and transfer the domain name. Like most domain transactions, he doesn’t know the seller, so while the negotiations went well, and the seller seems like a nice guy, he wants to be safe given the cost of the domain.
Read MoreWhile your instinct might be to use a service like Pay Pal or Venmo, be warned, you’ll take a huge amount of risk as a buyer or seller. The problem with regular payment services is that it’s easy for a seller to simply keep your money and claim to have transferred the domain to your account, when they’re really keeping the domain, and your money...
