Step One – Initiate Purchase or Negotiate Price
If the domain name is already priced, click on the “Buy now” Button to start the transaction. You will then be directed to the escrow service provider’s website, where you will be given instructions on how to make the payment.
If you the domain name is not priced, enter your offer price and your details and we will begin the negotiation process. Once a price is agreed, BrandAlias.com will create a transaction via the escrow service provider. You will then be sent an email with further instructions on how to make the payment at the escrow service provider’s website.
Step Two – Make Payment
If you do not already have an account with the escrow service provider, you will be required to create a free account. Once you have created your account, you will be able to select your payment method.
Buyers can pay with the following methods:
- Wires
- PayPal
- Credit/Debit Card
Step Three – Payment Verification
Once the escrow service provider verifies the payment; the seller and the buyer are notified that the funds have been secured.
Step Four – Domain Ownership Transfer
Upon payment verification, the seller is authorized to transfer the domain name. The domain name can either be transferred to the escrow service provider for onward transfer to the buyer, or directly to the buyer.
Domain names are registered at domain registrars. The buyer can opt to have the domain name transferred their account at the current domain registrar, or opt to transfer the domain name to another domain registrar. Transfers within the same registrar can be done on the same day, whilst the actual transfer process to another registrar can take about five to seven days.
If the buyer wishes to transfer the domain name to another domain registrar, the buyer will need to initiate the domain name transfer at their chosen domain registrar. The seller will send the buyer an email with the Authorization code. The buyer will need to enter the Authorization code at their chosen domain registrar. Once this is done it will take about five to seven days for the existing domain registrar to transfer the domain name to the buyer’s chosen domain registrar.
Both domain registrars will notify the parties once the transfer is complete.
Step Five – Completion
Once the escrow service provider confirms that the domain name has been transferred, the seller is paid the seller’s proceeds. The buyer and seller are equally protected during the transaction.
