How is an installment transaction conducted?

How is an installment transaction conducted?

Installment transaction starts in a similar way to a regular Escrow transaction. The seller determines the transaction terms, in particular, the number and amount of installments. In this case, the payment period of an installment is fixed and is always 7 days.

After initiating the installment transaction, you need to accept the transaction terms and make a payment of the first installment by the set deadline.

How is the Escrow transaction conducted?

After the first installment is credited, a domain will go to your account and you will be able to manage it. However, until all installments have been paid, you cannot sell, push to another account or transfer the domain.

When will I receive a domain purchased in an installment transaction?

If you do not fulfill the obligation to pay a subsequent installment for a domain, the seller may decide to terminate the transaction. In that case, the domain will be deleted from your account and returned to the seller's account.

What happens if I do not pay a transaction installment?

Tags: buying directly

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