Common pitfalls in domain name purchase process, this article will show you
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In the Internet age, domain names are important identifiers for companies and individuals on the Internet, and their importance is self-evident. However, there are many traps in the process of purchasing domain names, and you may suffer losses if you are not careful. Here are some common "pitfalls" for you.
1. Price trap
Low price temptation and high renewal fees: Many low-priced domain name registrars offer very attractive preferential prices when registering for the first time, but the renewal fees are surprisingly high. Consumers are often confused by low prices when purchasing, and do not read the terms carefully, and only find out that they have to pay high fees when renewing. For example, some registrars only charge a few yuan to register a domain name in the first year, but the renewal fee is as high as tens or even hundreds of yuan.
Sit and raise the price: The price of a domain name is affected by many factors, and some sellers will take advantage of information asymmetry to sit and raise the price. When the seller learns that the buyer's company is financing or has an urgent need for the domain name, he will significantly increase the price. For example, the buyer originally agreed with the seller that the price of a domain name was 50,000 yuan, but because he did not purchase it in time, after the company obtained financing, the seller raised the price to 100,000 yuan, putting the buyer in a dilemma.
2. Domain Quality Trap
Buying "Black Rice": Black rice refers to domain names of unknown origin, which are mostly obtained through illegal channels. Purchasing such domain names may cause joint disputes and lead to "loss of both money and rice". To avoid buying "black rice", you can check and verify through the official website.
Domain name is punished by search engine: Some domain names with good quality sold at low prices may have been used to build gray websites and have been blacklisted or punished by search engines. If you buy such domain names, it will affect the ranking and traffic of subsequent websites in search engines. Before purchasing, be sure to check the health of the domain name and understand its past history.
3. Transaction Security Trap
Direct payment risk: In domain name transactions, if you pay the seller directly without using a third-party escrow service, once the seller does not deliver the domain name after receiving the payment or other problems occur, it will be difficult for the buyer to recover the money, which greatly increases the risk of being deceived. It is recommended to use third-party escrow services such as Escrow to ensure the safety of funds.
Domain name transfer issues: Failure to clarify the specific steps and timetable for domain name transfer during the transaction may result in the domain name not being transferred on time or various problems during the transfer process. The process and time points for domain name transfer should be specified in detail in the contract to protect one's own rights and interests.
Domaincn.com Committed to providing fair and transparent reports. This article aims to provide accurate and timely information, but should not be construed as financial or investment advice. Due to the rapidly changing market conditions, we recommend that you verify the information yourself and consult a professional before making any decisions based on this information.