Hey [notify]Jonathan Hitchens[/notify] …welcome to DN.ca
I have looked around the faq’s etc. Trying to find out the policy on non payment with the leasing program but don’t see anything to clarify how long after someone misses a payment before it is taken back. I don’t want the hassle of chasing something like that down. Don’t want to have to chase Dan.com to follow up either.
Maybe you have some insight on this?
I actually had that happen last month. Had somebody on a 5 month payment plan. I was hesitant to use this at first, didn't really think too much about lease to own, I like the sale to be done with all at once. But I had a buyer that really wanted a domain, but didn't have the funds. So we tried it. Now I'm a fan of lease to own. Have 2 more currently where I'm getting paid monthly installments. It can help close a sale. Which kind of makes sense when you think about all the other things people make monthly payments on.
They paid 4/5 months. They sent me the domain back. Here is the timeline:
Payment 4 was April 30
No payment for June, payment was usually around the 29/30, they follow up with:
June 3 message to me
"We just called the buyer to inquire about the late installment payment. Unfortunately, we did not receive a response.
We have more follow-ups scheduled over the next few days.
You will be notified of any updates. "
June 8 message to me
"We have sent the buyer a 24-hour deadline. We will notify you if there are any updates."
transfer back to my account started
So around 10 days I have the domain back in my account from missed payment date.