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Disclaimer:
This site is NOT
responsible for any
problems you experience
when using this method
of transferring domain
names. Use at your own
risk.
If
you manage to close a
deal with a third party
to buy or sell a domain
name, that's just the
start of the process.
Once the haggling is
done, the work begins...
You'll
need to agree on a way
to get paid/pay for the
domain name that both
parties are comfortable
with (this is outside
the scope of this
Insider)
Once
you're ready to complete
the transaction, and
transfer the domain name
ownership to its new
owner, there are several
ways of proceeding.
It
used to be that you
would need a document
notarized by the buyer
and seller, faxed back
and forth between the
parties before being
sent to the Registrar of
record (the Registrar
currently maintaining
the domain name
registration). Indeed,
this is still the
official process for
many Registrars.
You
can get around this
lengthy, relatively
complex and sometimes
costly process by
instigating a
transfer-with-ownership-change.
The
scenario would proceed
along the lines in this
example:
-
The
domain name belongs
to John Smith, and
is housed at
Registrar A. It has
been bought by Fred
Brown
-
Fred
Brown sets up a
domain name transfer
with a different
registrar (Registrar
B) and supplies his
(the new owner's)
details for the
registration.
-
John
Smith receives an
email message that
he must authenticate
to complete the
transfer.
-
John
Smith responds to
the email message,
the transfer is
complete and the
domain name is now
sitting on Registrar
B's records, owned
by Fred Brown.
In
other words, the same
process as for a change
of registrar transfer is
followed, except that
instead of maintaining
the same ownership
record, the ownership
details are changed
during the transfer.
The
above process will work
as long as you can find
a registrar that allows
you to specify all
details during a
transfer, and as long as
the domain name in
question is protected
using email
authentication. Registrars.com
is just one example of a
registrar which has the
capacity to support this
kind of transaction.
The
above process takes
around 5 business days
on average, and is
totally free except for
the cost of paying for
at least a year's
registration at the new
Registrar (typically
from $10 to $35). It is
also "safe" in
that the consent of both
parties is required to
complete the
transaction, and it is
confirmed by the
existing domain owner.
Perfect
this technique, and you
can kiss paper trails
and frequent visits to
your Notary Public
goodbye!
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