Upcoming Dan changes

[diablo]

"As of July 7th, we will convert all listings to USD at the current market exchange rates. Going forward, USD will become the only currency available for pricing your domains."

Not ideal for sellers of UK names when buyers are primarily British.

 

[Lovekraft]

final nail in the coffin. This will only alienate their UK / EU customers. Sales will likely drop but I don't think they care as it's all moving to Godaddy / Afternic soon anyway.

 

[KarlM]

That is shocking, Anyone know a good marketplace to use for UK buyers?

"As of July 7th, we will convert all listings to USD at the current market exchange rates. Going forward, USD will become the only currency available for pricing your domains."

Not ideal for sellers of UK names when buyers are primarily British.

 

[baldidiot]

Not ideal for sellers of UK names when buyers are primarily British.

I suspect the next step will be targeting the currency to the user. So whilst everything is listed in USD (which makes the afternic integration easier), they may well convert it to GBP for a UK buyer - same as if you search on godaddy and see a domain through afternic, it doesn't matter that it's listed in USD, it shows the GBP equivalent.

They've not said this, but I would be surprised if they didn't do it.

 

[baldidiot]

that also seems part of the same update

From July 5th, when Dan receives the buyer’s payment, your invoice, revenue sheet and payout amount will convert to your preferred payout currency.

I mean for buyers. So I'm guessing it'll start showing prices in GBP to buyers from the UK on Dan.

 

[KarlM]

That would make sense, fingers crossed.

I suspect the next step will be targeting the currency to the user. So whilst everything is listed in USD (which makes the afternic integration easier), they may well convert it to GBP for a UK buyer - same as if you search on godaddy and see a domain through afternic, it doesn't matter that it's listed in USD, it shows the GBP equivalent.

They've not said this, but I would be surprised if they didn't do it.

 

[diablo]

I suspect the next step will be targeting the currency to the user. So whilst everything is listed in USD (which makes the afternic integration easier), they may well convert it to GBP for a UK buyer - same as if you search on godaddy and see a domain through afternic, it doesn't matter that it's listed in USD, it shows the GBP equivalent.

They've not said this, but I would be surprised if they didn't do it.

I know GoDaddy did target currency to user - at least on sales page - but when you go through to checkout it shows dollars.

And can you check to see if sales pages still convert currency to user? I'm now seeing only dollar prices for UK names despite being in UK and going via https://www.godaddy.com/en-uk?

 

[diablo]

The problem is the exchange rate.

When being paid in dollars, it usually works out best if you accept payment in dollars and then transfer them to GBP yourself.

It's very easy to do this nowadays - I use Wise who allow you to open multiple currency accounts and move money between them.

 

[Systreg]

can you check to see if sales pages still convert currency to user? I'm now seeing only dollar prices for UK names despite being in UK and going via https://www.godaddy.com/en-uk?

I have dcd.uk on Dan at £4,450, and on the GoDaddy link it's also still showing in £, but the price shows as £3,500

It looks like they've taken the Dan price and converted that to Dollars, because £4,450 on xe.com converts to $3,490.41 and rounded it up on GoDaddy to £3,500, but simply replaced the symbol from $ to £.

(Edit)

I converted £4,450 from $ to £ by mistake, giving the incorrect $3,490.41 figure above. Should have been £ to $.

 

[diablo]

I have dcd.uk on Dan at £4,450, and on the GoDaddy link it's also still showing in £, but the price shows as £3,500

It looks like they've taken the Dan price and converted that to Dollars, because £4,450 on xe.com converts to $3,490.41 and rounded it up on GoDaddy to £3,500, but simply replaced the symbol from $ to £.

£4,450 should convert to $5,670. Complete shambles.

So you know, I'm seeing $4,450 for dcd.uk, but when I try to add to cart it says "This domain isn't available".

 

[Systreg]

£4,450 should convert to $5,670. Complete shambles.

Sorry, you're correct, I had the currencies the wrong way round and converted £4,450 from $ to £.

No idea then why the price on GoDaddy shows as £3,500 instead of £4,450.

 

[diablo]

Sorry, you're correct, I had the currencies the wrong way round and converted £4,450 from $ to £.

No idea then why the price on GoDaddy shows as £3,500 instead of £4,450.

I think you are right tbh. At present, they simply take the UK price from Dan and list it as a dollar price on Afternic network. Then for a UK visitor, they take the Afternic price and convert it to pounds! So your £4,450 name gets listed at £3,500 (and dollar equivalent at checkout)!

Dan's change should at least see the GBP price converted to USD at market rate not 1:1 so that's an improvement. But that creates another obstacle for potential buyers: UK names listed in dollars.

A multi-national company the size of GoDaddy should be able to operate a multi-currency system.

 

[baldidiot]

I have dcd.uk on Dan at £4,450, and on the GoDaddy link it's also still showing in £, but the price shows as £3,500

It looks like they've taken the Dan price and converted that to Dollars, because £4,450 on xe.com converts to $3,490.41 and rounded it up on GoDaddy to £3,500, but simply replaced the symbol from $ to £.

(Edit)

I converted £4,450 from $ to £ by mistake, giving the incorrect $3,490.41 figure above. Should have been £ to $.

Yeah they switched a while back - all afternic prices are now whatever number you've set as the dan BIN with a dollar sign in front (eg: £100 becomes $100, and €500 becomes $500).

I posted a thread here a couple of months ago: https://www.acorndomains.co.uk/thre...-pricing-to-inherit-instead-of-custom.176917/

 

[m4c]

When being paid in dollars, it usually works out best if you accept payment in dollars and then transfer them to GBP yourself.

It's very easy to do this nowadays - I use Wise who allow you to open multiple currency accounts and move money between them.

if you’re doing a lot of business in the US / USD, it could be worth checking out a WorldFirst bank account - I used to do Amazon FBA in the US

 

[jamesbkk]

Does anyone know of a company that will offer lease to own in GBP now that Dan have converted everything to USD and it seems they will not use GBP at all. Although I am in Asia, most customers want GBP for lease to own. Thx.

 

[KarlM]

Well looks like the changes have taken place.

Pain in the ass for people selling to UK buyers grrrrr.

Does anyone know of a service like dan where you can import a lead and they take care of payment and transfer?

Cheers
Karl

 

[diablo]

Well looks like the changes have taken place.

Pain in the ass for people selling to UK buyers grrrrr.

Does anyone know of a service like dan where you can import a lead and they take care of payment and transfer?

Cheers
Karl

Sedo - 3% commission too (unless listed on Sedo's marketplace when full commission is charged).

https://sedo.com/us/services/domain-transfer-service/external-transfer-order-page/

 

[Nigel]

Rob was right about Godaddy's takeover of dan. Absolute shambles - treating the UK market with contempt. So today all our portfolio is being displayed in dollars. I was talking to one prospective uk based buyer who was interested in a .uk domain. I changed 'buy now' to £500 yesterday and today it was showing as $637. Doesn't give uk customers any confidence and just about kills off dan's uk business.

 

[KarlM]

Really is shocking isn't it.

This will put off UK Buyers no doubt about it. Especially as most of my sales are outbound, how can i outbound a domain in $ to a UK buyer haha!

Wait, I didn't realise this would affect imported leads also, how is that an improvement to customers?

You negotiate a deal and then tell them, hang on I know you agreed to £ but you have to pay in $. I can kind of understand wanting to make all of their marketplaces uniformed, but it makes no sense not to be able to choose a currency on imported leads.

I also feel t will deter UK based customers as they will feel they are dealing with an overseas company and there may be exchange rate/payment fees and they may not be protected by UK laws.

This is a joke and they are just sticking 2 fingers up at their British and European customers.

 

[Lovekraft]

I have messaged the team at dan.com with my thoughts on this ill thought out update, I encourage you to do the same if you feel the same because if enough of us complain they might just reconsider things. Not saying they will but it's worth a shot.

the team have been genuinely good at taking feeback on board in the past (however perhaps that has changed now since Godaddy are running the show now)