Do you have a double-check in your system for Sedo system, prior to the buyer being able to actually pay for the domain? If not, would this be especially helpful?
Having BIN pricing on multiple platforms may increase the likelihood of a sale. This could be done with confidence using your marketplace and others, if Sedo does an immediate check with the registrar for the domain availability, prior to allowing the buyer to proceed with placing an order. That way, under the unlikely case that a sale has happened elsewhere shortly prior, duplicate sales can be avoided.
Does Sedo have this double check? Verifying the domain is still immediately available prior to sale? Or, if not, is this in the works? What about the Sedo MLS partners? Do they have this implemented as well?
Note that I will ask the question for Afternic as well on this forum, as there appears to be some confusion about the ability to have BIN on multiple marketplaces at the same time.
Hello,
Once you list domains for sale at Sedo, they need to be verified before they can be offered for sale. Only after the ownership has been verified, the domain can be listed for sale.
After that, sellers are responsible for keeping their portfolio up to date and accurate.
In case a seller wants to list domains on multiple platforms, it is even more important for them to have an updated portfolio and to remove domains which have been sold on other platforms.
In case you have a particularly large portfolio, our new bulk uploader is a useful feature for sellers: it makes it easy to organize and keep your portfolio up to date. You can find out more about the bulk uploader tool here:
https://sedo.com/us/about-us/news-press/newsroom/sedo-releases-new-bulk-domain-uploader/
If keeping track of sold domains isn't possible at all, sellers should not list their domains as BIN on every platform, to avoid multiple purchase requests on various platforms. Using only one platform for BIN domains, and using Make Offer for others could be one option.
If the domain is listed as BIN, the seller is obligated to sell the domain to the first buyer who agrees to purchase the domain for the listed sales price. If it is listed as Make Offer, the seller has to accept the offer first, which offers some flexibility. This gives you the time to remove the domain and avoid an unwanted sale.
We do not double check with a seller if a domain still belongs to them prior to a payment. But we do have security checks and, of course, we do not pay out any seller prior to the domain changing ownership.
Kind regards
Your Sedo Team
