DSAD.com: Domain Shane’s Daily List of Domains at Auction for Thursday, December 15th

9 Replies to “DSAD.com: Domain Shane’s Daily List of Domains at Auction for Thursday, December 15th”

1. I totally agree with you about the auction credit card fees. I don’t understand what people are so upset about. There is also a much higher risk of fraud/chargebacks with credit cards, so the auction house has to deal with that too.

2. You should start to accept Bitcoin and the auction houses should start to pay sellers in Bitcoin as a payout option. See if 1 out of 100 customers at the nursery knows what it is. Transactions can be a bit slow atm but transaction fees are minimal compared to traditional banking options. Some other cc’s are a bit faster with transactions such as “Dash”.
   Time to start to think of yourself as “your bank” rather than lending your ca$h to some crooked banker in a glass tower who is trying to squeeze every dime out of your account. Store your coins in a cold wallet and keep some spending coins on your phone. Keep your seed keys in a very secure place offline with backup and you should be good to go. Just saying.
   It’ s almost at $800/btc!! Best performing out of all currencies so far this year. Critics keep saying it’s dead but it keeps holding strong. Apologies for the rant but the solution is right in front of everyone. 🙂
   Domains and crypto currencies are a match made in Heaven!

3. A great site to spend btc on Amazon is through Purse.io . Get a big discount if you use btc to buy stuff at Amazon.

4. If you process $1M, namejet does $12M annually, they should be able to get 1.5%, so where does that 1% go?

   1. Rev,

      I assume you’re not familiar with merchant services. I get one of the lowest rates in the country and guarantee that Namejet doesn’t get a better rate than me. Why? Because all my credit card information is passed through hard wires, no wifi. I do no Internet business using that company. And I store no credit card information for clients at the store. None. If you HAVE any of those your rates are much much higher because fraud through Internet is so high. Storing numbers also drives up the rates. Name jet has to store the numbers of their clients.

      In short, there is no way they are getting 1.5% and highly unlikely 2%. Chargeback issues for their business is also a huge problem. Your statement is exactly the type of misinformation that leads people to be upset. Simply don’t understand the costs and assume that all big business should eat costs.

5. Companies eat the fee for a reason. They make a lot more money when people can easily pay with a credit card with the protections a credit card provides. They don’t even need money in the bank to do it! Try turning the nursery into a cash or bitcoin only business and see where it leads. Time will tell if it will hurt Namejet or not. They have a lot smaller customer base and a type of business that will probably be fine with this fee, but international wire transfer fees are also steep and I imagine a lot of their business is international.

   1. Include btc as a payment option not switch to it exclusively. That obviously would be ridiculous. Baby steps. The more people know there are real options the better.

   2. Travis,

      I completely agree. Credit cards let people buy more than they can afford. And my money is in the bank the next day. Debit cards at .5% cost would do the same thing but then people would have to only spend money they have. And banks give all kinds of cash back and free miles that come directly out of the pockets of the businesses (that’s a discussion for another day) There is a reason that debit cards are much much cheaper (besides Dick Durbin forcing the change). Its because the risk is so much less. I am certainly not arguing against credit cards. We could not run our business without them. I am only saying that its easy to build into pricing when our prices are not set. Name jet operates on a commission that is static. Any costs that go above and beyond planned costs either has to be absorbed, commission rates raised, or pass it on to the customer. They have chosen the latter. I was only stating the reasoning and that I understand why they did it.

      1. I get it from the business standpoint. I’m just saying that it was already built into their model. They were running that way for years. What annoys me is when companies try to put a positive spin on a punch in the gut. Hey! We added awesome new features like Paypal and AliPay! In order to continue adding these great new features, we need to charge an Online Administration Fee of 2.5%.