I was burned once and it won’t happen again. On DnForum there are many people that will only take paypal and immediately I become cautious. While I use paypal every single day and I have no problem using it for small purchases, I won’t use it for anything over $500. I recently agreed to purchase some numerics on DnForum and this was our conversation:
Seller: looks like your bid is the best so i will take your offer .. i only accept paypal
Me: I only do paypal if I get the domains transferred to my account first. I am fairly well known around here as DomainShane. Otherwise I only do escrow.com. Also I would need the names transferred to Godaddy. I don’t do pushes to any accounts other than Moniker, Enom, or Godaddy. If you can do this we have a deal. I don’t think any of this is unreasonable as there have been way to many issues here on the forums of late.
Seller: hey Shane , sorry i dont work like that ,, whenever i bought names i always had to pay for them first , and i have been in this game for 7 years , and its a fair tradition….. so no sale then …. if you dont want to pay first like its always done ...
Me: Sorry but paypal is not safe. I have been burned twice. I will do it through Escrow.com If you can’t do it through Escrow dot com then I guess we don’t have a deal. I apologize but security in the transaction is very important to me.
I didn’t really mean to play the “I’m more known than you” card but in reality most people know who I am and realize I’m not going to screw anyone and ruin my reputation. Many may know the seller but I certainly don’t. Almost everyone has either just done escrow or transferred the domain to me and then I paid them. I don’t think I was being to cautious. In my opinion, a real professional has no problem doing escrow. People that want quick transactions want them for a reason and those reason are very often bad. I’d love to hear others opinions.