Buy Domains Via Paypal - Something To Watch Out For
Buy Domains Via Paypal - Something To Watch Out For
Now, even the most popular registrars allow you to buy domains via Paypal. Godaddy, Namecheap and Moniker are three of the most established registrars on the planet and you can use paypal with them.
One word about buying domains via Paypal with Moniker. They'll add a small fee for using Paypal. Also let us say that you regged a name that is already taken - your money would be returned to your Moniker account but you won't be able to get that money back into your paypal account. You will have to use that money to reg another name or buy some other product.
If that situation occurred with Godaddy, the name money would be returned to your Paypal account.
Here is a true story about buying domains via Paypal and something you might want to bear in mind.
I had regged a domain name with the word "poker" in it. I advertised the name on a popular domaining forum and got a buyer. The buyer paid me via paypal - because - the amount I sold the name for was small.
You know what happened - Paypal cancelled my account on the basis that I violated their terms of service. Now, I know that online poker is illegal in the US but I had just bought the domain for resale - I had no intention of starting an online poker site.
So what is the point of this story? When you sell a domain, if the buyer elects to pay you via Paypal - ask the buyer not to mention the name in the Paypal "message to the seller box" especially if the domain name is in the vice category.