onemansbrand

Previously, you mentioned you would be looking into changing the commission model you currently charge on websites listed on EF.

When will this be looked at? For someone with online properties in the high six and low seven-figure valuations, I am not sure how the 15% fee can be justified.

Also, how do you deal with fraud? I know previously you had a pretty big issue with a Russian (think they were Russian) customer. What systems do you have in place to protect the buyer / seller and your own interests?

Thanks guys!

Interesting, I'd say the $300 listing fee is odd, but then it does guarantee payment for the initial administration work.

It definitely wouldn't be a make or break for me choosing EF over Flippa, the 15% which would be a heart clenching $150k on a $1 million deal is what steers me away from EF from a seller perspective.

How do you deal with multiple currency deals? For example, if a US based company is selling a website for $1 million and a UK based company decides to purchase this.

Do you have solutions to counter in the best exchange rates/less fees e.t.c also from a tax perspective what is generally the best solution?

I know its a bit of a wide question, I guess what I am trying to say is...how does the sale work with international customers, multiple currencies and multiple tax regions.

To be honest, most people who have a site in the high six figures, low seven figures are going to have a pretty educated understanding of their businesses value.

If you were to choose to sell it on Flippa, you simply would NOT sell it for less than it's worth, I mean, unless you are a moron :D and in that case, buyers luck!