Payment thresholds change for sales and parking platforms and rebate program ends.
Afternic and domain name parking platform SmartName have changed their payment thresholds and options in the wake of GoDaddy’s acquisition. Afternic has also quietly shuttered its Park & Sell rebate program.
For Afternic, the minimum domain sales payout for international wires is now $10,000 or more and comes with a $45 processing fee. Checks ($25 processing fee), PayPal, and direct deposit do not have a minimum payout. It seems that PayPal and direct deposit are really your two best options in most cases — assuming you live in a country where this is easy.
Domain parking platform SmartName has different thresholds. SmartName’s minimum payout for international wires is $2,500 or more (with the same $45 processing fee), $100 or more for checks ($25 processing fee), $25 or more for PayPal and $10 or more for direct deposit.
Park & Sell Rebate
Afternic has also quietly shut down its Park & Sell rebate program.
Afternic introduced the Park & Sell rebate program in 2010. If you parked a domain with Afternic and it sold through the platform, you’d receive a 5% rebate on the sales price. This effectively reduced commissions from 20% to 15%.
The program benefited Afternic in two ways. First, many domain names sell after someone clicks a “for sale” banner on a parked domain, so it increased sales. Second, it meant more parking revenue for the company. Apparently the costs outweighed the benefits.