FAQ
DN Repo is a professional domain broker that facilitates the sale of premium domain names between domain owners and buyers. Since our startup we have securely brokered millions of dollars worth of premium domain names.
Q: How do I submit an offer on the domain name DN Repo is brokering?
A: Use the Contact option in the menu above.
Q: How long will it take to receive a response?
A: We try to respond to each inquiry within 24 hours.
Q: Can I liaise directly with the owner of the domain name?
A: No. DN Repo has been contracted by the domain owner to facilitate the transaction of their assets on their behalf.
Q: How much should I offer for the domain name I want?
A: DN Repo has a minimum bid of $500 for all offers. However some domain owners have set higher minimum bids on preferred and/or higher valued assets.
Q: If my first offer is declined, will I have an opportunity to increase my offer?
A: It is ultimately up to the domain owner to decide if they want to pursue negotiations and this decision is often made on a case-by-case basis. The domain owner will let us know if they wish to continue.
Q: What happens after the owner and I come to an agreement? A: Once an agreement is made, the seller will partner with Escrow.com to facilitate payment and domain transfer. We will guide you through the entire process until you have the domain name in your possession. Please note that the buyer is responsible for all escrow fees.
Q: What are my payment options? A: Escrow.com accepts payment in made using wire transfer, credit card*, Paypal*, Money Order* and Check* (*Some restrictions apply. Subject to approval.)
Q: Is Escrow.com secure and reliable?
A: Yes, Escrow.com is a trusted third party that collects, holds and disburses funds according to buyer and seller instructions. All services offered by Escrow.com are provided by a licensed and regulated escrow company.
Q: How does the Escrow process work?
- The seller initiates the online escrow process with Escrow.com.
- Escrow.com emails the buyer with a request to sign up and agree to the terms of the transaction.
- The buyer sends payment to Escrow.com for the agreed purchase price plus the escrow fee. To calculate your escrow fee, go to https://www.Escrow.com/support/calculator.asp
- Once payment has been received in full, Escrow.com contacts DN Repo to initiate the domain name transfer process.
- DN Repo instructs the seller’s Registrar to unlock the domain name.
- Escrow.com informs the buyer once the name is unlocked and the buyer, in turn, requests a domain transfer via the seller’s Registrar.
- The seller’s Registrar transfers the domain name to the buyer’s Registrar to complete the transfer.
- The buyer confirms control of the domain name with Escrow.com.
- Escrow.com releases the sales proceeds to the seller.
Q: Are there ongoing responsibilities and costs associated with buying a domain name?
A: As the buyer, you are responsible for transferring ownership of your new domain name. This is done by ensuring that your contact information is correctly listed in the Whois database. Also, in addition to the one-time price you pay to acquire your new domain name, you will be responsible for paying its annual registration fee.
Q: Can I get a domain name for less than $500 from DN Repo?
A: DN Repo has set a system-wide minimum bid of $500 for all offers. Domain names on our platform rarely sell for less than $500.
Q: Do you provide stats for domain names under your brokerage?
A: No. DN Repo is not at liberty to share this information.
Q: Is financing available?
A: No. Financing is not available.
Q: How does DN Repo get paid?
A: DN Repo is compensated by the domain seller only once the sale has closed. The buyer is responsible for transfer costs to move the domain to their registrar of choice and all transaction fees at Escrow.com.
The Domain Name Transfer Process
A domain transfer is the transfer of a domain name from one Registrar (seller’s Registrar) to another (buyer’s Registrar). A Registrar is responsible for the management of your domain records.
Once Escrow.com has confirmed receipt of your payment, you can begin the domain name transfer process which is fairly simple and usually completed within 10 days.
- Escrow.com receives payment from the buyer for the domain name and contacts DN Repo to initiate the domain transfer process.
- The buyer receives an email from the seller’s Registrar containing instructions on how to proceed. This will commonly be details on pushing the domain from one GoDaddy account to another. You should be prepared to give limited account details to the seller in order to initiate a push of this type.
- Upon receiving the email notification, the administrator of your domain has one day to agree to accept the transfer. It is important that the buyer ensure all of their contact information in the domain records is updated and valid.