Why it matters
This helps buyers who cannot pay the full price at once. The seller may charge interest or a higher price, and may keep the domain at escrow until paid in full. Terms should state the down payment, the monthly amount, late fees, and what happens in a default. Sellers should check the buyer's background. Common mistake: transferring the domain at the start with only a promise to pay. If the buyer stops paying, getting the name back can be hard, so use escrow or a locked account.
Source: escrow.com
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