Sedo stifles UK market

[fred]

To clarify: Sedo does not use the 70 pound transfer fee to invest in the stock market.

Well, whatever you do with your commision is up to you anyway so who cares

The pound pricing is derived from the pricing of other markets i.e. all markets using the EURO as a currency. The transfer fee if not in pounds is 100€. Using an exchange rate website we have found the pound equivalent to fall often right around 70 GBP (currently 66.9).

We are aware that the pound is a stronger currency than the EURO, and we have therefore decreased the transfer price from 100GBP to 70GBP once the currency option was released in April.

True, I'll accept that you did get that changed after we all kicked up a fuss on here!

Now, how about giving us a real answer to the question we keep on asking:

... So, again, WHAT DO SEDO DO THAT IS DIFFERENT FOR .UK's THAN FOR .COM's?

The only difference as you say is the time involved, which means that you have our money in your account for longer, earning interest.

That fact it can take longer does not mean it is more work. If you give us a real reason why it is more work, then we will stop going on about it (well, I will - can't promise that for everyone else )

 

[fred]

Well, I think the lack of a simple answer to a simple question speaks for itself

 

[sedo]

Hi Fred,

I'll be happy to answer your question.

For a .com transfer, users can simply log into their registrar accounts and push the domain to our account at the same registrar. Depending on the registrar, this could take as little as 30 seconds.

This is a far cry from what is required for a .co.uk transfer. They take much longer and are more labor intensive (on all sides - no question).

It is a cost issue (thus, the time involved). As the ease of transferring a .co.uk domain increases, Sedo will be looking at lowering the commission to come in line with the other extensions which are already easier to transfer.

Kind regards,

Brad
[email protected]

 

[fred]

Hi Fred,

I'll be happy to answer your question.

For a .com transfer, users can simply log into their registrar accounts and push the domain to our account at the same registrar. Depending on the registrar, this could take as little as 30 seconds.

This is a far cry from what is required for a .co.uk transfer. They take much longer and are more labor intensive (on all sides - no question).

It is a cost issue (thus, the time involved). As the ease of transferring a .co.uk domain increases, Sedo will be looking at lowering the commission to come in line with the other extensions which are already easier to transfer.

Kind regards,

Brad
[email protected]

I will refer you back you a previous post in this thread:

So why then, in my recent sale through sedo, did I have to do all the chasing? I have 'bolded' the person doing the work in the below account:

After the deal was agreed, I waited to the buyer to make payment.... weeks later I email to find out whats going on, and by some 'coincidence' payment is recieved by sedo the next day.

Then, after the forms had been send to Nominet (by myself and the buyer - no work for sedo there) we waited. After a couple of weeks, I emailed nominet to find out what the delay was. Nominet informed me of the problem, I sorted it out, Nominet did the Transfer, I email sedo, Sedo send payment to me minus the excesive charge.

So, again, WHAT DO SEDO DO THAT IS DIFFERENT FOR .UK's THAN FOR .COM's?

The only difference as you say is the time involved, which means that you have our money in your account for longer, earning interest.

IF sedo filled in the forms and sent them to Nominet etc etc, then I would agree with you. However, SEDO DO NOT DO ANYTHING!

The question is not "What is the difference in the process?" - It is "What do SEDO do that is different?"

 

[fred]

Sorry for dragging this old thread up, (although I note that the question still wasn't answered )

Now that the exchange rates have changed, will sedo reassess their fees?

i.e. minimum 100€ / 70£ / 100$

$100 is approx £50 now :mrgreen:

 

[Pred]

Sorry for dragging this old thread up, (although I note that the question still wasn't answered )

Now that the exchange rates have changed, will sedo reassess their fees?

i.e. minimum 100€ / 70£ / 100$

$100 is approx £50 now :mrgreen:

good point Fred....over to you......sedo?!

 

[scooter]

Now that the exchange rates have changed, will sedo reassess their fees?

i.e. minimum 100€ / 70£ / 100$

$100 is approx £50 now :mrgreen:

Excellent point Fred. I would also like to hear Sedo's comment on this.


.

 

[sedo]

Hi Everybody!

First of all, I think I should point out that exchange rates go up and down by their very nature, and we cannot change prices every time that happens. However, I will raise your concerns about these prices with management - we have reduced the price of transferring co.uk domains once before, from 100 pounds, as I am sure you are all aware.

As a transfer agent myself, I can assure you that the hours put in to finish one of these transfers differs greatly from other domains, such as .com. A lot of people who buy them are first time buyers, not expreienced domainers such as yourselves, and they can take a really long time to complete if one of the parties doesn't complete what they have to do in a timely manner. You'd be amazed how many people agree to buy a domain, pay the money into our account and then go on holiday for a month. This can obviously cost Sedo a lot in labour costs.

Nominet is now making steps towards a paperless transfer system - this may help us to reduce the duration, and therefore the cost of co.uk transfers. The Nominet AGM is coming up, and Sedo will be present - this might be something to bring up there!