Sellers can now let buyers pay over up to 60 months.
Domain name sales platform Dan.com has upgraded its domain name financing options.
Previously, sellers could allow buyers to extend payments over 12 months. The new financing tool extends this to up to 60 months and adds a premium if buyers extend payments more than 12 months. The premium ranges from 10% to 30%. Half of that amount is shared with the seller and the other half goes to Dan.com for managing the payments and escrow.
Dan.com’s base charge remains 9%.
Sellers only have to list a buy now price and opt into the financing option. Dan.com calculates the rest. Sellers have an option to limit payment plan duration.
The minimum monthly payment under installment plans is $99, but the service hopes to reduce this in the future.