Sell a domain on Nameshift and the money is on its way as soon as the transfer completes, usually within hours. Instant is the default, each invoice paid out as soon as it can be; for one transfer per week, fortnight, month or quarter, pick that in your financial settings.
Paid when the domain changes hands
Some marketplaces pay the seller last, once the buyer is the registered owner, and at least one pays lease-to-own installments on a fixed day each month. Sellers on one marketplace's review page complain of waiting weeks for the funds, and one investor wrote about waiting two weeks for an installment that used to arrive the next business day.
On Nameshift the payout starts the moment the transfer completes on your side. Your invoice for the sale becomes payable right then, with no holding period, and the bank transfer goes out, usually within hours. For a lease-to-own sale, the first installment's invoice becomes payable when the transfer completes, and each later one when the buyer pays that installment.
How instant payouts work
The transfer goes to your verified bank account in the invoice's currency. If you have none in that currency, it goes to your primary bank account and the amount is converted. The reference on your bank statement lists every invoice number the transfer pays, as in "Nameshift 1HKC97-00005, 1HKC97-00006", so you can match one transfer to several invoices.
In your invoice list you see, per invoice, the date its payout is due. Afterwards it shows the transfer the invoice went out with: local or SWIFT, the amount, the fee if there was one, the amount you received and the date it was paid.
Choosing a payout schedule
The default is instant: each invoice is paid out as soon as it can be. If you would rather receive one transfer per period, say for simpler bookkeeping, you choose a frequency in your financial settings:
- Weekly, on Mondays
- Biweekly, every second Monday
- Monthly, on the first of the month
- Quarterly, on the first of January, April, July and October
Everything that became payable during a period goes out together when the next period starts, counted in UTC. Your invoices in one currency go into one bank transfer. Once the first of them is due, whatever else of yours is ready in that currency goes along rather than waiting for a date of its own.
By default only payouts that carry a fee wait for your schedule. A local transfer costs you nothing, so it still goes out as soon as it can, whatever frequency you picked. If you would prefer one transfer per period regardless, there is an option to batch the free payouts too.
What a payout costs
A local bank transfer, over your country's own clearing system, costs you nothing: we pay the transfer fee. A SWIFT transfer carries one fee, taken out of what you receive. We pay the full invoice amount, and we set the SWIFT charge option so that no bank along the way deducts anything further.
When you add a bank account you see whether it is paid locally or by SWIFT, and for SWIFT an indication of the fee in the account's currency, converted at the day's rate. The exact fee shows on the invoice afterwards. SWIFT reaches every country we pay out to, in all 18 of our pricing currencies, wherever a local transfer is not available.
Getting the most out of it
Add a verified bank account in the currency you sell in, in the financial settings of your seller dashboard. A payout in a currency you have no account for is converted into your primary account's currency; an account in each currency you sell in keeps the full amount. Then pick the schedule that suits your bookkeeping, or leave it on instant and let each sale pay out as it closes.
