Domain Transaction mainly includes the payment method and transfer method two parts. For the buyer, he is more concerned about how to safely transfer the domain name to his account. On the other hand the seller is more concerned about how to receive money safely. Both buyer and seller need to reach an agreement in face of variety of transactions. So understanding the domain name transactions in the payment methods and domain name transfer methods is very necessary.

Below we make some notes on payment methods and domain name transfer methods.

Payment Methods in Transaction

As a virtual item, the general payment methods in domain transaction are the following:

First Payment After Domain Transfer

It means seller transfer the domain name to buyer, and then buyer pay to seller. Obviously, in this payment method, the seller has a great risk. It is not recommended for this this transaction method.

First Domain Transfer After Payment

It means buyer pay to seller and then seller transfer the domain name to buyer. Just as obviously, in this payment method, the seller has a great risk. It is not recommended for this this transaction method.

Domain Push With Price

Domain Push With Price is a domain transaction derived from Domain Push. In this way, seller starts a Domain Push With Price on the registrar website, buyer transfers the domain name from the seller account to the buyer account while accepting the transaction. At the same time, seller also receives the money paid by buyer. In short, it make direct payments on delivery.

The advantages of this transaction method is safe and fast and no cost. Unfortunately, not all registrars support Domain Push With Price.

Intermediary Transaction

In fact, domain name market tends to become mature and perfect after recent years' development. In general, domain transaction platform has a professional intermediary services, such as Escrow, Sedo, eName, 4.CN and so on.

Advantages: Professional and safe. Professional intermediaries is responsible for communicating if necessary.

Fee: Charges vary by platform, low as 1%, up to 20% range.

Transfer Methods in Transaction

Well, solve the payment problem, have to consider the transfer methods of domain transaction. There are two ways to transfer domain names:

Domain Push Between Accounts On Same Registrar

Domain Push is a basic domain transaction function provided by registrar. On the same registrarc platform, a domain can be pushed from a account (such as the seller) to another account (such as a buyer). After the buyer to accept push, the domain name will automatically transfer successfully.

Advantages: Transfer immediately. Safe and fast and no cost.

Fee: All completely free.

Notice: Domain Push With Price is a domain transaction derived from Domain Push. That is, Domain Push With Price secure payment and domain transfer at the same time.

Domain Transfer Between Registrars

Domain Transfer is the process of changing the designated registrar of a domain name. That is, a domain name is transferred to another registrar from the current registrar. In the domain name transaction, once the domain name is transfered from the original registrar (the seller's account) to the new registrar (buyer's account), it means that thetransaction is completed.

The advantage of Domain Transfer is that the buyer can choose a preferred registrar account to receive the domain name. However, the disadvantage is that it takes 5-7 days for a Domain Transfer. Compared to Domain Push, Domain Transfer is a longer time-consuming transfer method.

The good news is that some mainstream registrar support 'Fast Transfer'. Domain Transfer can be completed in minutes, with the support of both registrars.

Advantages: The buyer can choose a preferred registrar account to receive the domain name.

Disadvantages: It takes 5-7 days for a Domain Transfer unless the registrars support 'Fast Transfer'.

Notice: According to ICANN, a domain name is automatically renewed for one year after transfer, so when the domain name is transferred, the new registrar will charge a one-year renewal fee as the domain name transfer fee. What is Domain Transfer Fee?