Frequently Asked Questions – Empire State Broker

DomainBrokers.com is a professional domain broker that facilitates the sale of premium domain names between domain owners and buyers. Over the years, DomainBrokers.com has securely brokered millions of dollars worth of premium domain names.

Please click on a topic below to find a selection of frequently asked questions:

Working With DomainBrokers.com

Q: How do I submit an offer on the domain name DomainBrokers.com is brokering?
A: For any names DomainBrokers.com is brokering, just create an account and we’ll correspond with you every step of the way.

Q: I registered for an account, how long will it take to receive a response?
A: We try to respond to each inquiry within three business days.

Q: I signed up, but haven’t received a confirmation email?
A: Occasionally, some Internet Service Providers’ (ISP) ‘spam filters’ route legitimate emails to ‘spam folders’. We have experienced this problem with some users, particularly AOL and Hotmail email addresses.

If you have registered with domainbrokers.com and have not received a verification email, please check your ‘spam folder’, ‘junk folder’, ‘trash folder’ or ‘bulk folder’ for messages from ‘no-reply@domainbrokers.com’. If you locate one of our messages in one of the above folders, we advise that you add ‘no-reply@domainbrokers.com’ to your e-mail address book, contact list or safe list.

Q: I signed up, received the verification email and clicked the verification link, but I am receiving an error message, what to do?
A: If you received the following error message “‘your email address’ is not a registered e-mail address with domainbrokers.com” it is likely that the verification link we sent to you was somehow corrupted by your mail client.

If clicking the link directly does not work, you may need to manually copy and paste the whole link (even if part of it appears not to be hyperlinked) into your web browser.

If you continue to encounter the same issue, please report to us by using Contact Us form

Q: I am having trouble activating my account. I clicked on the activation link sent to me but it only takes me to the main domainbrokers.com page and does not activate my account. What do I do??
A: Cases such as this have been linked to using Firefox as a browser. Firefox has a special add-on that trims the url automatically. To resolve this problem, you can either enable the add-ons one by one until you find the problematic one or switch to use a different browser.

Q: Can I buy a domain name listed with DomainBrokers.com anywhere else?
A: Domain names are exclusively listed with DomainBrokers.com and are unavailable for purchase elsewhere.

Q: Can I liaise directly with the owner of the domain name?
A: No. DomainBrokers.com has been contracted by the domain owner to facilitate the transaction of their assets on their behalf.

Q: If my first offer is declined, will I have an opportunity to increase my offer?
A: It is ultimately up to the domain owner to decide if they want to pursue negotiations and this decision is often made on a case-by-case basis. The domain owner will let us know if they wish to continue. There are times, however, when a domain owner may instruct us to stop further negotiations. If this occurs, we will notify you as soon as possible.

Q: What happens after the owner and I come to an agreement?
A: Once an agreement is made, DomainBrokers.com will partner with Escrow.com to facilitate payment and domain transfer. We will guide you through the entire process until you have the domain name in your possession. Please note that the buyer is responsible for all escrow fees. For more information on the escrow process, Click Here. For more on the domain transfer process click here.

Q: What are my payment options?
A: Escrow.com accepts payment in the following forms:

Wire transfer
Credit card*
Paypal*
Money Order*
Check*

*Some restrictions apply. Subject to approval.

Q: Is Escrow.com secure and reliable?
A: Yes, Escrow.com is a trusted third party that collects, holds and disburses funds according to buyer and seller instructions. All services offered by Escrow.com are provided by a licensed and regulated escrow company.

Q: Are there ongoing responsibilities and costs associated with buying a domain name?
A: As the buyer, you are responsible for transferring ownership of your new domain name. This is done by ensuring that your contact information is correctly listed in the Whois database. Also, in addition to the one-time price you pay to acquire your new domain name, you will be responsible for paying its annual registration fee. While Registrars are, by law required to attempt to contact you prior to a registration lapse, it is your responsibility to ensure the registration fee is paid on time.

Q: How much do I pay for a domain name on DomainBrokers.com?
A: There is no set system-wide minimum bid. However, domain owners tend not to accept offers below $1,000. If your initial offer did not meet the minimum threshold set by the domain owner, you will be notified immediately upon submission, and you will be encouraged to make an offer above the indicated reserve price.

Q: Do you provide stats for domain names under your brokerage?
A: No. Domainbrokers.com is not at liberty to shareIt is up to the domain owner’s discretion if they want to provide a buyer with stats. Typically owners do not release traffic or revenue numbers for their names.

Q: Is financing available?
A: This is available solely at the discretion of the domain owner. Financing is dependent on the size of the down payment and restrictions regarding use of the name and where it can be registered are usually applied. Please ask for more details.

Q: How does Domainbrokers.com get paid?
A: Domainbrokers.com is compensated by the domain seller only once the sale has closed. The buyer is responsible for transfer costs to move the domain to their registrar of choice and all transaction fees at Escrow.com. To calculate escrow fees click here.

Q: What if I have more questions which are not covered by your FAQ?
A: If you are a serious buyer with a DomainBrokers.com account, we will be more than happy to address your questions via your account.

The Value Of Domain Names

Q: What is a premium, generic domain name?
A: Premium, generic domain names are high-value domains that have been previously registered. They are often popular terms, easy to remember, have strong branding potential and attract natural type-in traffic. To learn more about premium, generic domain names, click here.

Q: Why are premium domain names considered to be so valuable?
A: Domains that are considered to be premium have the most marketing potential. Due to their short and memorable nature, many already receive significant type-in traffic. Your organization can utilize this established presence and existing traffic to attract customers, build your brand and gain credibility as an industry leader. For examples of companies who have done this,click here.

Q: How much can I expect to pay for a premium domain?
A: While the selling price for domains on the DomainBrokers.com platform is ultimately up to the domain owner, prices for premium, generic domain names are often based on factors such as brandability, character length, its TLD, traffic and economic trends. Prices vary from a few thousand to millions of dollars (click here to see a sample of the most expensive domain names sold on the Internet).

The Escrow Process

DomainBrokers.com practices quick and secure third party closing procedures over the Internet through Escrow.com. With this process, both the seller’s domain name and the buyer’s money are protected until the transaction is complete. The entire process typically takes between 5 to 10 business days with much of the time depending on the buyer’s quick payment to Escrow.com and their chosen Registrar’s turnaround time when transferring the domain.

How does it work?

Q: How does it work?

DomainBrokers.com initiates the online escrow process with Escrow.com (The buyer’s email address used for the DomainBrokers.com account will be submitted to Escrow.com).
Escrow.com emails the buyer with a request to sign up and agree to the terms of the transaction.
The buyer sends payment to Escrow.com for the agreed purchase price plus the escrow fee. To calculate your escrow Fee, go tohttps://www.Escrow.com/support/calculator.asp
Once payment has been received in full, Escrow.com contacts DomainBrokers.com to initiate the domain name transfer process. (See ‘The domain name transfer process’below for information on transferring your new domain name).
DomainBrokers.com instructs the seller’s Registrar to unlock the domain name. (See‘The domain name transfer process’ for information on transferring your new domain name).
Escrow.com informs the buyer once the name is unlocked and the buyer, in turn, requests a domain transfer via the seller’s Registrar. (See ‘The domain name transfer process’ for information on transferring your new domain name).
The seller’s Registrar transfers the domain name to the buyer’s Registrar to complete the transfer. (See ‘The domain name transfer process‘ for information on transferring your new domain name).
The buyer confirms control of the domain name with Escrow.com.
Escrow.com releases the sales proceeds to DomainBrokers.com.

The Domain Name Transfer Process

A domain transfer is the transfer of a domain name from one Registrar (seller’s Registrar) to another (buyer’s Registrar). A Registrar is responsible for the management of your domain records. All ICAAN-Accredited Registrars abide by ICAAN’s domain name transfer policy. Once you have acquired the domain name you will be required to pay the annual renewal fees charged by your registrar (usually between $10-$35 USD).

Once Escrow.com has confirmed receipt of your payment, you can begin the domain name transfer process which is fairly simple and usually completed within 10 days.

Steps for a successful domain transfer:

Escrow.com receives payment from the buyer for the domain name and contacts DomainBrokers.com to initiate the domain transfer process. (See ‘The escrow process’ for information on payments).
The buyer selects an option to gain control of the domain:Option 1*: Domainbrokers.com pushes the domain to the buyer’s control at an account at the seller’s registrar:
1. The buyer creates a free account at the Seller’s registrar.
2. The buyer sends the username for the account to Domainbrokers.com.
3. Dominbrokers.com pushes the domain to the buyers account.
*This option is the quickest, most hassle-free and there is no cost for the buyer.

Option 2*: Domainbrokers.com transfers domain to the buyer’s registrar of choice
1. Domainbrokers.com sends an Authorization Code (EPP) to the buyer.
2. The buyer sends this code to their registrar of choice.
3. The buyer receives the Transfer Request* (email) and follows the instructions to complete the domain transfer.
*As the domain name transfer process varies from registrar to registrar, it is important to read the instructions carefully.
The buyer makes sure that the privacy settings are disabled on the domain until the transaction is completed or the buyer notifies Escrow.com.
Funds are dispersed to Domainbrokers.com.

When a domain transfer will not occur:

Your domain happens to be involved in a legal dispute.
You are facing bankruptcy.
The domain name has not been registered for a minimum of 60 days.
The domain is locked, inactive, or in the process of being deleted or redeemed.
The administrator does not accept the transfer within five days.