Registrar introduces payment plans at low starting point, including on expired domains.
Domain name registrar Dynadot has added payment plans to domains sold through its auction platform and marketplace. This includes expired domain and backorder purchases, making Dynadot the first expired domain service to offer payment plans to buyers.
The goal is to increase liquidity and make it easier for domain investors to build their portfolios by spreading out the cost of acquisitions.
Dynadot allows its customers to use Dynadot for sale landers, so they can now offer these payment plans as an option on those domains.
Here’s how it works:
- Domain must sell for $100 or more.
- Buyers pay a 15% down payment with their initial monthly installment.
- Sellers pick the maximum number of months allowed up to 12 months, and it can’t be more than the time until the domain expires. So if the domain expires in five months, the maximum payment option available to the domain buyer is 4 months.
- Buyers get access to change the nameservers, but the domain is locked at Dynadot.
- If a buyer is three days late on a payment, the nameserver is changed to a default. The domain reverts to the seller if a payment is 14 days late. The seller keeps all payments made to date.
- Dynadot takes its commission from the initial payment
Dynadot’s approach to payment options is a game-changer. The low $100 threshold is unique in the domain name industry. Allowing people to buy expired domains on payment plans could also shake things up. Domain investors will be able to acquire domains with little down and might be able to sell them before making all of the payments.
Mark Thorpe says
“Sellers pick the maximum number of months allowed up to 12 months”
Needs to be at least 24 months IMO.
Mark Thorpe says
12 months is just not a long enough time frame to pay for a good domain name.
The minimum should be $ 500 and the payment terms according to the figure of the domain sold, for example, $ 6000 in 12 months, $ 12000 in 12 to 24 months, etc.
Not a bad idea for expired auctions, but their commission price is to high for sellers. Both Dan and Namesilo have lower commission prices for sellers.
Andrew Allemann says
Their site says 5% for marketplace and 10% for auction
Thanks, I guess missed that. They don’t make it east to find. The page you linked didn’t say the commsiion fee at all.