Fruits

ben said:
You didn't look very hard, did you. They have an FAQ section on the first page which answers your question about payouts:.
Click to expand...
Except it doesn't. Where is the info on payments?
 
Just signed up, and there's little info on payments or the VAT element charged and only a "monthly" statement in regard to payments being made.

If someone's looking to mimic an outgoing Co such as Dan then I'd expect to see chapter & Verse on how you get your money, after basic registration you're directed to open a Stripe account. Does that mean you are essentially a retailer and could be subject to card clawbacks in the event of a suspected fraud!

Dan had all these things covered and payment within days, I've emailed Fruits for clarification and do hope they become a viable alternative to Afternic & Sedo.
 
Paul said:
Just signed up, and there's little info on payments or the VAT element charged and only a "monthly" statement in regard to payments being made.

If someone's looking to mimic an outgoing Co such as Dan then I'd expect to see chapter & Verse on how you get your money, after basic registration you're directed to open a Stripe account. Does that mean you are essentially a retailer and could be subject to card clawbacks in the event of a suspected fraud!

Dan had all these things covered and payment within days, I've emailed Fruits for clarification and do hope they become a viable alternative to Afternic & Sedo.
Click to expand...
Perhaps that's how they can charge less fees, by essentially only being the marketplace, the seller is responsible for all card fees and potential chargebacks. I've had plenty of disputes with Stripe, if you can show Stripe that you have been legitimate, you have strong terms and conditions etc. you win a lot of the time. The issue is that a buyer must only be acting as a Business entity, because Consumers have much more protections in place. Of course, ultimately if someone scammed you out of a domain, you could maybe go to a DRS, but as you say, HASSLE.
 
Just received this reply:

Hi Paul, great to hear from you! fruits is the perfect alternative to dan.com. Currently the payouts are monthly, however, in the next couple of weeks we will launch weekly payouts. So this should not bother you.
UK companies (as merchants) do not have to pay VAT since it is a B2B transaction (0%)! The buyers have to pay the respective VAT of their country. E.g. Businesses 0%, third countries 0%, Private Persons (from EU or UK) the VAT of their respective country e.g. Germany 20%.
But you do not have to worry at all. We are doing invoicing and Credit Notes automatically for you.

On the face of it seems great news!
 
But still no mention of /how/ they pay. Can we assume via UK bank account number and sort code in GBP? If it's via IBAN in EUR, then that poses a few problems for many, as well as cost
 
temp123 said:
But still no mention of /how/ they pay. Can we assume via UK bank account number and sort code in GBP? If it's via IBAN in EUR, then that poses a few problems for many, as well as cost
Click to expand...
Happy to list one of my domains for sale for £10k so you can buy it and I can tell you all the steps it goes through :) #heretohelp
 
Paul said:
UK companies (as merchants) do not have to pay VAT since it is a B2B transaction (0%)!
Click to expand...

Every day is a school day!

I've been doing this for over twenty years and thanks to this thread only now discovered that there's no VAT if the seller does not know the identity of the buyer and vice versa!
 
HariSeldon said:
Every day is a school day!

I've been doing this for over twenty years and thanks to this thread only now discovered that there's no VAT if the seller does not know the identity of the buyer and vice versa!
Click to expand...

In-depth response to exactly this scenario:

Is there VAT on sale of website domain?

Kevin Hall, Partner in our VAT team has recently been featured in Taxation Magazine, following an enquiry regarding the sale of a website domain.
www.wrighthassall.co.uk www.wrighthassall.co.uk
 
Just got this reply:

Hi Paul, no problem at all. You receive the payments/funds via bank transfer as well.
 
Kaleido said:
I've been looking for an alternative to Dan.com since GoDaddy got its clutches on it, hiked the commission and binned pricing in pounds.

I think I've found it at Fruits.co which charges 9.9% commission, enables pricing in pounds and handles the VAT.

fruits

fruits is a domain sales platform with unparalleled ease: 9.9% fee (all-in), automated billing and VAT service, converting sales landers, AI-innovations.
www.fruits.co www.fruits.co
Click to expand...
Have you looked at brandable.uk ?
 
I didn’t realise it’s a shame we can’t all get along.
 
I've sold my first domain with fruits

Someone made me an offer about a week ago for goldcoins uk I accepted

Today I received an email saying congratulations on the sale and that the buyer has paid but it contains no instructions on who I suppose to transfer the domain to? or if I'm suppose to release to fruits tag or whatever the process is

I looked through my dashboard regarding the sale but there are no transfer instructions

Maybe I will receive a seperate email later with transfer instructions? I emailed them just in case I am missing something
 
Murray said:
I've sold my first domain with fruits

Someone made me an offer about a week ago for goldcoins uk I accepted

Today I received an email saying congratulations on the sale and that the buyer has paid but it contains no instructions on who I suppose to transfer the domain to? or if I'm suppose to release to fruits tag or whatever the process is

I looked through my dashboard regarding the sale but there are no transfer instructions

Maybe I will receive a seperate email later with transfer instructions? I emailed them just in case I am missing something
Click to expand...
Congrats on the sale, let us know how you get on with the transfer and receipt of funds!
 
Murray said:
I've sold my first domain with fruits

Someone made me an offer about a week ago for goldcoins uk I accepted

Today I received an email saying congratulations on the sale and that the buyer has paid but it contains no instructions on who I suppose to transfer the domain to? or if I'm suppose to release to fruits tag or whatever the process is

I looked through my dashboard regarding the sale but there are no transfer instructions

Maybe I will receive a seperate email later with transfer instructions? I emailed them just in case I am missing something
Click to expand...
Congratulations Murray, please keep us posted on how the process goes with Fruits?
 
You must log in or register to reply here.
Back
Top