GoDaddy testimonials : Good idea to use GoDaddy?? TDNAM Buyer Wants to Back Out

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After a couple of low-ball bids a buyer at TDNAM offered a $500 counter-offer for a domain which I accepted. He also left his email for me to contact him about other domains. Now he says he didn't really want to bid and only put that 500 in so he could contact me and didnt think I would have accepted it. This doesn't sound like a valid excuse to me. Any suggestions on how to handle this? Will GoDaddy let him back out?..

Comments (5)

If he needed it to pay the rent would you still force him to pay up? Unless Godaddy have rules for buyers backing out I don't really see that you have any options. It would be good for Godaddy to have rules for such pull outs, no-one is going to use an unreliable marketplace but at the other end of the scale I am always reminded of street sellers in India trying their hardest to get a buyer/victim to touch or hold something so that they can force them to pay up.

If Godaddy do have a system for dealing with such things put their process in motion and see what happens, otherwise I wouldn't go out of my way to force someone to buy something they don't want...

Comment #1

Report them to GoDaddy. They'll get banned if they don't complete...

Comment #2

Well personally I wouldnt use my rent money to bid on auctions I didn't plan on buying but I might be willing to let this guy off the hook anyways. Now Im wondering if there is even a way to mutually cancel a transaction? I don't want any 'uncompleted' flags on my account because of this...

Comment #3

If you both want to kill the deal godaddy can't do much about it, if the guy doesn't pay I think his account gets frozen, and he has to pay a $50 fee to unfreeze it, if he doesn't pay he doesn't pay we all been through it, he could explain to godaddy he typed in the amount wrong, there has to be recourse against something like that...

Comment #4

"Rent Money" has nothing to do with this transaction. If he didn't have the money, he shouldn't be bidding. If it was a typo, that is a different story. I don't use TDNAM, but there should be something for a "oops", I meant $50, not $500. If Ebay can do it, they should be able too. Good luck with this guy, I think he is just a lousy rotten scoundrel!.


Comment #5

This question was taken from a support group/message board and re-posted here so others can learn from it.


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