DomainEasy (3.Viewing)

I started using DomainEasy to manage my portfolio. Love their UX/UI. However they lack CAD pricing.
Do you guys know what is the best portfolio management for CA domains ?

Try saw.com the control panel is top notch and commission is 9%
Spaceship is 5% but the control panel is not quite as good.

yes but all prices are in USD. I think posting CAD is better for end user. no ?

I don't think any marketplace other than DN.ca (which is more of an informal listing service) transacts in CAD

USD transactions seem to be the norm for most domain platforms.

I don't think its a big deal for selling .ca's or any extension, most Canadians who would be in the market to buy a domain should have no problem with it.

We are Canadians negotiating .CA domains. Anything but $CAD is silly. Why force the parties involved to deal with two FX exchanges and the resulting fees and hassle? The lack of $CAD pricing and transactions is just more incentive to skip escrow and/or sales platforms and just work directly together. Almost all of my sales are in $CAD on .CA domains - no platform or brokers involved.

So I suggest to put up your own lander and price it in $CAD (or don't price it, just have a contact form). Then when a deal is struck, just invoice the buyer and have them pay you direct. If escrow is desired, you can use Escrow.com to complete transactions in $CAD for a nominal transaction fee. They have an API and you can work in a buy-now button into your landing page if you like, but I don't think that really is necessary, nor that it helps. I've sold very few on a buy-now lander, but have sold many with just a contact-form.

If you're aggressively pricing to move, then a buy-now button might work. Otherwise, I think it's better to have a contact form and allow them to start a conversation.

rlm said:

We are Canadians negotiating .CA domains. Anything but $CAD is silly. Why force the parties involved to deal with two FX exchanges and the resulting fees and hassle? The lack of $CAD pricing and transactions is just more incentive to skip escrow and/or sales platforms and just work directly together. Almost all of my sales are in $CAD on .CA domains - no platform or brokers involved.

So I suggest to put up your own lander and price it in $CAD (or don't price it, just have a contact form). Then when a deal is struck, just invoice the buyer and have them pay you direct. If escrow is desired, you can use Escrow.com to complete transactions in $CAD for a nominal transaction fee. They have an API and you can work in a buy-now button into your landing page if you like, but I don't think that really is necessary, nor that it helps. I've sold very few on a buy-now lander, but have sold many with just a contact-form.

If you're aggressively pricing to move, then a buy-now button might work. Otherwise, I think it's better to have a contact form and allow them to start a conversation.

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ok thanks. good advice here.

I've not used DomainEasy.com, but on their website they state:

DomainEasy - Build and grow your domain business

"Similarly, if you are a seller, We will purchase the domain name from you and sell it directly to the buyer. No transactions whether they be purchases or leases are conducted directly between Users of Our Site. All transactions are conducted exclusively between Us and a seller or buyer, as applicable." (emphasis added)

Since they're based in Toronto, doesn't that mean that If the seller is Canadian, they should be paying HST?

So, on a $100,000 USD sale to them (where they're buying it from you), shouldn't you be getting USD $113,000 USD, inclusive of 13% HST (if you're in Ontario)? (assuming zero commissions)

GeorgeK said:

I've not used DomainEasy.com, but on their website they state:

DomainEasy - Build and grow your domain business

"Similarly, if you are a seller, We will purchase the domain name from you and sell it directly to the buyer. No transactions whether they be purchases or leases are conducted directly between Users of Our Site. All transactions are conducted exclusively between Us and a seller or buyer, as applicable." (emphasis added)

Since they're based in Toronto, doesn't that mean that If the seller is Canadian, they should be paying HST?

So, on a $100,000 USD sale to them (where they're buying it from you), shouldn't you be getting USD $113,000 USD, inclusive of 13% HST (if you're in Ontario)? (assuming zero commissions)

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Yes, that is precisely the way I would insist on conducting a transaction through Dynadot as well. Price plus 13% HST since the buyer (dynadot) is in Ontario.

However, Godaddy brokerage insists on billing through their US offices. But considering that Godaddy is incorporated in Canada and has an office and employees here, at first glance that seems like tax evasion. However, I also don't know if a multi-national corp can say that their broker offices are only in the U.S. and therefore those specific services get billed out of that office. Would be an interesting question for CRA - not that I want to be the guy who asks it.

For what its worth, I had a large sale this year through a godaddy broker where I insisted that since I knew the buyer was from Canada that I would have to collect HST - otherwise I would need something in writing from Godaddy saying that they would take liability for handling any GST or HST due, if applicable. Godaddy didn't want to do that, so they talked to the buyer and they agreed to reveal their billing information and pay the taxes AFTER the godaddy transaction went through. So it took some trust on my part, the buyer did, I invoiced them for the HST due and they paid it directly to me. Very weird. This is one of the reasons why I don't really like dealing with godaddy brokers, it seems like there is no consistency in handling taxes, nor do they have any written policy on how taxes are handled. Most of they time they actually tell me they are trying to do what Dynadot is saying, they buy, then they sell. But when I said put that in writing that you're taking liability for the taxation, they chose the other route instead.

While I appreciate the fact that Dynadot has some clarity on their role (buy then sell), and that it maintains anonymity for both parties, to me, I don't think that fits the definition of a broker.

A broker negotiates a transaction and may use escrow or trust account to pass funds through, but should never actually takes ownership of the funds or product. The broker would bill their commission separately to the buyer and/or seller (with any applicable taxes only on the commission). So in theory, taxes should be paid to the seller from the buyer on the purchase price (if applicable). Two separate transactions.

So the definition and role of a broker has evolved this way for a reason - to prevent brokers from doing unscrupulous things, like, taking more than their agreed to commission. So I wonder, do people care? Do you trust companies acting as a pseudo broker and not a true broker? I highly doubt the real estate world would stand for this scenario, why is it OK in domaining?

Does anyone else have thoughts on this? @BillSweetman @GeorgeK

GeorgeK said:

I've not used DomainEasy.com, but on their website they state:

DomainEasy - Build and grow your domain business

"Similarly, if you are a seller, We will purchase the domain name from you and sell it directly to the buyer. No transactions whether they be purchases or leases are conducted directly between Users of Our Site. All transactions are conducted exclusively between Us and a seller or buyer, as applicable." (emphasis added)

Since they're based in Toronto, doesn't that mean that If the seller is Canadian, they should be paying HST?

So, on a $100,000 USD sale to them (where they're buying it from you), shouldn't you be getting USD $113,000 USD, inclusive of 13% HST (if you're in Ontario)? (assuming zero commissions)

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I have not thought about this at all thanks for pointing it out.

As long as domain brokering remains unlicensed and unregulated, it’s going to be the Wild West out there. I’m not saying licensing and regulation is the solution, but working with trusted vendors that have a public record of service is a good practice.

As for DomainEasy, I have never used them and have no plans to based on some red flags I’ve seen in their history/ownership. They might be the best company ever but I am skittish about using them.

BillSweetman said:

As long as domain brokering remains unlicensed and unregulated, it’s going to be the Wild West out there. I’m not saying licensing and regulation is the solution, but working with trusted vendors that have a public record of service is a good practice.

As for DomainEasy, I have never used them and have no plans to based on some red flags I’ve seen in their history/ownership. They might be the best company ever but I am skittish about using them.

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what platform do you suggest to use ?

rlm said:

Yes, that is precisely the way I would insist on conducting a transaction through Dynadot as well. Price plus 13% HST since the buyer (dynadot) is in Ontario.

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I apologize to Dynadot, anywhere in my previous post where I said Dynadot, I meant Domaineasy... I noticed my mistake too late to edit it. I have used dynadots registrar services before, but never domaineasy, so I guess I just had dynadot stuck in my brain.

marco said:

what platform do you suggest to use ?

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Take a look at Efty and Saw. Other folks here may have other recos.

thanks. have you guys heard of this one fruits

BillSweetman said:

Take a look at Efty and Saw. Other folks here may have other recos.

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I am reading about Efty. Do they actually broker for you ? And do they do outbound in the price ?

marco said:

thanks. have you guys heard of this one fruits

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a friend send me a lander, looks like this, not bad and in CAD Markovic.ca is for sale!

Yes, another member uses them and he did mention they have CAD available but it can still get confusing for an end client because it calls the tax a VAT and says made with love in Munich.

Those statements will make a client think they are dealing with a German owner and probably cause hesitation. In fact I would be inclined to say the hesitation would be greater than dealing in the US dollar.

That said your page looks fantastic.

Here is a topic where we discuss fruits.co

Sales landers or checkout links that allow setting the price in CAD?

MapleDots said:

Yes, another member uses them and he did mention they have CAD available but it can still get confusing for an end client because it calls the tax a VAT and says made with love in Munich.

Those statements will make a client think they are dealing with a German owner and probably cause hesitation. In fact I would be inclined to say the hesitation would be greater than dealing in the US dollar.

That said your page looks fantastic.

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not my page, my friends page. and mobile also looks great. it connects to stripe hence why the % is lower then others on each transaction. Just trying it out today.