Sedo and Coinstar: Adding Cash payment method to Online Marketplace
Faced with increased competition from other domain venues, domain marketplace giant Sedo is adding a cash payment option to its list of new features.
The new payment method will utilize Coinstar’s popularity to transfer millions of unused coins that usually lay as loose change in the pockets and inside the sofas of domainers.
“Sedo and Coinstar are becoming financial partners as of August 1st”, said Axel Hamann – managing director for Sedo.
“There are millions of dollars in money that domainers can use in order to pay for domains at the Sedo marketplace; all they have to do is take the cookie jar filled with pennies to the nearest Wal-Mart or other Coinstar facility. It’s a win-win situation!”, he added.
A panel accessing the Sedo marketplace will offer a touch screen point of sales, where one can select and buy the domain of their choice and pay by feeding the Coinstar machine with their pennies, nickels, dimes and quarters.
“That’s easily the best thing to have come out of Sedo this year”, says Frank Humby, a domainer from Urbana, Illinois.
“Often times, I have no dollar bills, especially after a Friday night out with my buddies to the ladies’ club, so I end up having lots of coins in my pockets that get lost or discarded. Now, I can buy domains, at least!”
Effective on August 1st, Sedo is raising their list of fees to sell and broker domains. The new venture with Coinstar will serve as a deterrent for the hordes of unhappy Sedo sellers that have recently witnessed a “nickel and dime” approach from Sedo’s marketing team.