Sedo auction

Started by Lucatall, Aug 02, 2022, 12:03 AM

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LucatallTopic starter

You have a great domain name that you want to auction off on Sedo. However, there is a catch - you must pay 60 euros to do so. Interestingly, if someone makes even a minimal bid on your domain, you can then launch an auction in which anyone can participate. If there are no transactions once the auction is over, the domain is transferred back to the initial buyer.

Here's where it gets intriguing: what if you offer someone else to bid on the domain, accept their bid, and start the auction? If nobody else bids, you could then purchase the domain yourself for the same amount, paying the interest fees associated with withdrawing funds. Alternatively, another option would be to create two separate Sedo accounts and try to game the system that way.


It appears that the risks involved in auctioning off your domain may outweigh the rewards. Here's why:
1) Transactions are conducted through managers, adding another layer of complexity to the process.
2) Should a similar situation arise again, security services may scrutinize all participants and potentially freeze accounts.
3) Though not certain, free auctions may not have reserve prices established.
4) With quality domains, bidders will make adequate offers without the need for markup fees. Conversely, junk domains will not fetch even $30.

In my opinion, it is best to set a "make offer" price of $60 or more. If someone expresses interest, then you can initiate an auction.


I always knew that I had some funds on Sedo, but didn't withdraw them due to the lack of convenient withdrawal methods like Webmoney, EPESE, ePayments, or Payoneer. Sedo only offers PayPal and wire transfer options, which don't work for me. Currently, I cannot accept the "stick" (can only be used for payments) and accepting vouchers from foreign banks is not recommended by most people. However, I recently remembered reading about the option of accepting ePayments vouchers, which I found in the admin panel's tariffs section. This method is free of charge for enrollment and transfer fees according to Sedo's website.

Initially, it seemed too good to be true since interbank transfer fees can be quite substantial, ranging between $20-50. I was skeptical about receiving the transfer without any losses but decided to give it a try. To my surprise, the amount received matched the exact amount down to a euro cent.