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Transfering Domain NamesFor latest information from the Internet on buying and selling domain names, visit our "latest articles" page Different domain name registrars have different methods of facilitating the transfer of domain names to new owners. In general when you buy or sell a domain name, you will need to:
Formalising the saleYou may wish or need to have a formal contract with the seller or purchaser of the domain name. If so, you should discuss this with your professional advisers like lawyers and accountants.Making the paymentYour contract or other sale arrangement will determine the way the money may pass hands - anything from cash, to a transfer via lawyer's trust accounts (as in a house sale).There are also online methods for transfer of money such as Paypal and independent escrow companies which deal in the secure tranfer of funds. You should not change any registration details for the domain name until you are certain of cleared payment for your domain name. Once a name is transferred you cannot get it back, except perhaps by legal action. Transferring the domain nameDifferent domain name registrars have different ways of allowing changing ownership. In summary, the basic process involves:
When you change the registrant and contact details, ensure that you use an "enduring" email address (ie something that won't disappear if staff change), or you may have problems transferring or updating a domain name again in future. |
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