NameSilo Lowers Transaction Fees Above $5,000 to 3%

[dog]

NameSilo has lowered any domain transactions on the Marketplace to just 3% over $5,000 dollars. That means any wire transfers will cost you 3% with NameSilo.

To use the NS marketplace your domains must be registered with NS.

I believe they plan to add .UK/.CO.UK and other ccTLDs later this year. I assume many domain investors will flock to them for high value transactions.

** Big Announcement - Lower Fees!**

As part of our continuing effort to offer the lowest possible fees, we are happy to announce that we have lowered our standard 7.5% fee for Marketplace sales to just 3% for sales paid for via wire transfer (any other methods of payment are still 7.5%). While this lower fee applies to any sale paid for via wire, since our system requires a wire for sales over $5,000, this means that all sales over $5,000 will have just a 3% fee applied.

We have also removed the $15 fee for receiving your commission proceeds via wire. And, as is already the case, any sales paid via wire transfer (or Bitcoin or AliPay) qualify for immediate payout.

Therefore, as an example, if you sold a domain for $10,000 it would mean:

• $300 in fess (you get $9,700)
• The buyer gets the domain immediately upon receipt of the wire
• You can withdraw your $9,700 in earnings immediately upon payment receipt
• If you withdraw via wire, Bitcoin, check (available only to US residents currently) or to your account funds, you receive the full $9,700 without any other fees

 

[dog]

Any transaction paid via wire is now set as a 3% commission with immediate payouts available.

 

[dog]

Sold a domain via NS marketplace the other day. Couldn't have been easier.