Buying and Selling Domains Safely With PayPal
Pay Pal is a service that holds next to *no liability* for the transactions that happen through it. Sales involving “Intangible” items, i.e. a domain name are bought and sold at the risk of both parties. The number of scams – particularly with domain names that happen through Pay Pal is incredible. Pay Pal is most likely the single-largest source of fraudulent domain transactions.
There is some good news, you can take a few simple steps to vastly improve your chances of not getting scammed in a Pay Pal transaction. I’ll make my disclaimer here: I always suggest domains be bought and sold using an escrow service like Escrow.com, however, should you decide to use Pay Pal this advice will prevent scams about 90% of the time. Read more…
Categories: Buy & Sell Tags: Paypal