You don’t walk away empty handed when installment deals fall through.
I received an email from Dan.com this week letting me know that someone had canceled an installment purchase they made for LifeIsLong.com. The domain had a buy now price of $3,288 and they made four monthly payments of $150 before canceling.
This is the type of domain that can take time to sell, so it would have been nice if the buyer continued through all 24 payments. But I can also look at it another way: someone paid me $150 a month to take this domain off the market for four months, and it sure beats domain parking revenue!
With Dan.com installment sales, you have to transfer the domain to Dan.com’s control at its registrar during the installment period. Transferring it back to my GoDaddy account was simple; Dan.com unlocked the domain and provided the authorization code. I had the domain in my GoDaddy account within one day. Dan.com also immediately listed the domain for sale again.
I’ve only done a handful of installment sales. This is the first time a buyer has stopped paying, and I’m fine with keeping the money paid to date and listing it for sale again.