Sedo Buyer Certification
Tuesday, September 26th, 2006
Sedo introduces buyer certification to cut down on deadbeat buyers.
Sedo recently created a buyer certification program to make sure bidders follow through with their purchase offers. I received the following email today:
Dear Andrew:
In the continued effort to maintain a successful and secure marketplace, Sedo recently initiated a Buyer Certification program. Your account has automatically been updated to certified buyer status since you have engaged in successful transactions in the past.
New customers must now certify their accounts before submitting offers There are three methods for new customers to become certified buyers including: credit card verification, completing a signed Buyer Certification Statement, Completing a W9 form (available to members in the US and Canada) or through an SMS certification code.
You will see an additional tab in the “My Sedo” navigation menu for the Buyer Certification page. Again, no action is required from you as you are already a certified buyer. We hope that you are pleased with this improvement. It was designed to maintain a secure marketplace where transactions are carried out smoothly and efficiently. We appreciate your business and as always if you have any questions please feel free to contact us at info@sedo.com.
This is a welcome improvement. I don’t think it will eliminate deadbeats. Afterall, Afternic performs credit card verification but still has deadbeats. But it will hopefully cut down on broken agreements.
Further Reading:
[...] introduced its certification program back in 2006 after a number of bidders failed to pay. It sure would be nice if expired domain houses such as [...]