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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.
Categories: Services
Andrew Allemann has been registering domains for over 25 years and publishing Domain Name Wire since 2005. He has been quoted about his expertise in domain names by The Wall Street Journal, New York Times, and NPR. Connect with Andrew: LinkedIn – Twitter/X – Facebook
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Very nice to see. Giving buyers payment plan options was good, but it was basically an interest free loan. Adding the premium makes payment plan options for sellers even more appetizing
half shared with seller not buyer
thanks
fixed, sorry about that
I think domain lease may meet some problems including domain abuse, TM violation and potential domain hijacking.
Interesting although you should always know what agreement DAN.com arrives with the seller and the buyer in the case that after 60 months it will stop paying at 6 months, 15 months etc., the agreement is broken and the debt of the agreement who Does the seller pay DAN.com? or the courts of justice against the Buyer?
Dan is effectively charging 9% plus 15%, total 24% on lease to own deals. This is highest commission charged by any domain name brokers. This is just pure rip off. STOP this nonsense. Do not use Dan.
Explain. Last I checked Dan charged its standard 9% commission on installment plans, plus 50% of the markup above asking price for plans over 1 year.
Domain Name Wire is a trade publication for the domain name industry covering topics relevant to domain investors, brand owners, policy makers, domain registrars and registries, and more. Founded in 2005, Domain Name Wire has been cited by Wall Street Journal, New York Times, NPR, and Washington Post. Read More About DNW
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