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What Should We Do About Non-Paying Buyers?

Link To Full Story: Domain Magnate

This happened with me yesterday. One of the not so nice sides of domaining. In short: a member blue777 was asking for cvcv.com domains to buy and I pmed him a list of my names, including hace.com which is a great cvcv.com domain with many meanings and over 100 million results in google, asking him to make his best offer and if I like it I might accept, so he offered $3,000 for hace.com and I accepted it. But a few hours later he replied withdrawing his offer.

It’s not the first time it happened to me, domainers face this kind of thing frequently. Usually however from “end users” or other newbie domainers. In most cases it’s ignored, sometimes people would post/complain about it, or leave a negative itrader. But the fact that it was an established member who’s been around DNF for years and had many itraders, as well as the fact that he felt he could retract his offer (even after it was accepted) as easily as he could make one made me post about this.

Have you encountered this kind of behavior, what’s your opinion on the matter? What should we do in such cases?

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