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Flippa: No more credit card payments – mandatory Escrow or PayPal

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Flippa.com - The domain and web site aftermarket from Down Under

Flippa.com – The domain and web site aftermarket from Down Under

Citing “safety” and “speeding” up of post-auction transactions, Flippa has now removed the option of making credit card payments as a means of funding domain transactions.

It will now be compulsory for Flippa sellers to assign a payment method to their domain listing; the supported options are just two: Escrow.com and PayPal.

The removal of credit cards as an option will potentially complicate some transactions that do not want or cannot engage PayPal; while Escrow.com is a great option, the current choices restrict seller’s options, that might want to utilize other escrow companies, such as Agreed.com or EscrowHill.com.

Flippa states that when choosing escrow, sellers will get a 20% discount on Escrow.com fees.

For the full announcement, click here.


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Comments

One Response to “Flippa: No more credit card payments – mandatory Escrow or PayPal”
  1. Ms Domainer says:

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    I suspect that this has to do with chargebacks.

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