The business of buying and selling Online comes with a lot of risks, especially when it comes to products that can not be physically inspected, this is why we always recommend the use of Escrow.
For today’s blog, we will be taking you through the process of using Vesicash Escrow for a Domain Name Sale:
Conclude the conversation with the other transacting party on the Escrow solution to use (we will be using Instant Escrow in this scenario).
As the Buyer, go to instant.vesicash.com and input your phone number, email address and the Seller’s email address and phone number.
Once done, it takes you to the next page, where you can add all the details of the transaction, this includes the amount, the timeline for inspection, and the delivery date as agreed upon, you can also upload any document that lends credence to the authenticity of the transaction.
Once you have added all the details of the transaction and submitted it, you are directed to the payment page. Select the preferred payment method, make the payment and confirm that you have done that (ensure that you go through the transaction details again before authorizing the payment). You may also download your transaction receipt at this stage.
The Seller is notified via email that you have made the payment, they can then send you the access keys and other details of the domain you are buying.
Since you would have both agreed on an Inspection Window prior, with the least duration being 24 hours, you can go through the domain details thoroughly to ensure that it is what you want and is in perfect condition.
After inspection, you can now CONFIRM DELIVERY and then give the prompt for payment to be released to the Seller.
The Seller is notified that you have confirmed the delivery and release payment, once they have added their bank details, the timeline for disbursement is usually about 24 hours.
Buying a Domain Name can be as easy as you have seen when you transact with Vesicash Escrow. We have other Escrow solutions like Trizact or Milestone Escrow that can serve the same purpose as Instant Escrow in purchasing a Domain or other digital products.
If you’ve got questions about our Products and Services, kindly send us an email at firstname.lastname@example.org or call us on +2347039914767.