08-19-2006, 12:33 AM
zach Wrote:The transfer process is independent from the payment process. You can transfer as many of your domains as you want, to whoever you want. There is no check on whether money was exchanged. In the view of the registrar, you are just changing ownership though changing the account of the domain; in the view of ICANN and the regional registers, you are changing ownership through changing the WHOIS info.
In a sale, generally, the buyer pays the seller, and then the seller transfers the domain. The payment process can be done through whatever means is agreed upon: paypal, check, money transfer, escrow, a barter of potatoes, etc.
If NO payment is to be made (and the domain is a gift or another non-monetary exchange), then the domain is simply transfered without waiting for money.
Hope its clear that the two processes are independent (which is why, until escrow for domains, it was very risky transfering domains, and high price transfers were usually conducted under legal accords).
Zach
Thanks Zach. The guy getting the gift is my brother and the giving the gift is my cousin who tends to be not so honest.