Namegarage

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Terms of Sale & Pricing Disclaimer: what changed

v3.0 · to v4.1 ·

AI summary

AI-written reading aid: changes between these versions. The linked published versions are the authoritative text.

  • Replaces the formation section with formation, availability and reservation rules: approval plus confirmed qualifying payment or agreed deposit creates a binding sale.
  • Adds that offers, card authorizations and "Awaiting Payment" status reserve nothing, and the first confirmed qualifying payment establishes the reservation.
  • Adds declines for domains already reserved or sold, and makes availability part of the uniform approval criteria.
  • Adds a completed-sales listing section: domain, month, price and venue may be shown, never the buyer, and listings are changed or removed on request.
  • Clarifies that funds under verification reserve the domain without authorizing transfer, and that expressly agreed transaction-specific terms prevail.

Wording changes

Removed text is struck through; added text is underlined. Unchanged paragraphs are omitted. Link destinations appear in brackets.

2. WhenFormation, availability and reservations For transactions governed by these Terms, acceptance of an offer or approval of a bindingprice agreementbefore funding is formed conditional on continued availability. A binding sale agreement is formedarises when the seller expresslyhas approvesapproved the transaction terms and the funding condition below has been satisfied for that transaction. The agreed price and payment schedule are those expressly approved for the transaction, not an unconfirmed website estimate. The buyer may decline those terms before proceeding. Domains remain available to other buyers until the required payment or an agreed reservation deposit has been received and confirmed. ForSubmitting or accepting an offer, agreeing on a price, creating an Escrow.com transaction, signing an unpaid agreement governed by this condition, or receiving payment instructions does not by itself reserve a domain. An “Awaiting Payment” status, selecting a payment method, a card authorization, or saying that approvalpayment takeshas placebeen withinsent does not establish a reservation. For Escrow.com purchases, a reservation begins when Escrow.com confirms receipt of the payment required at that stage of the agreed transaction, even while its payment verification is pending. For an agreed deposit or direct payment, receipt of the required amount must be confirmed by the designated payment provider or by the seller through the agreed payment method. An unsolicited or insufficient payment does not create a Stripereservation. For monthly card planplans, the sellerrequired confirmsinitial payment is the first charge disclosed in the plan, including any agreed domain,down total pricepayment and first installment schedule with the buyer. A paymentcard or a checkout receiptauthorization alone is not seller approvalreceipt. IfThe domain remains available until the payment processor confirms receipt and the reservation process records the qualifying payment. A quote states a price for its stated validity period; it does not guarantee continued availability. Before reservation, the seller-approved may continue marketing the domain and considering other buyers. After reservation, the domain is reserved for that transaction until completion or verified resolution under its agreed terms. Receipt of funds does not itself authorize domain transfer: payment verification and other agreed completion requirements still apply. If competing payments arrive, only one transaction can receive the domain. The first qualifying payment confirmed and recorded by the seller’s reservation process establishes the reservation. Payment for a domain already reserved for another transaction is handled through the applicable cancellation or refund process. An agreed deposit’s amount, duration, credit toward the price, and refund or forfeiture conditions must be disclosed and agreed before payment. These Terms create no general right to forfeit a deposit. Transaction-specific terms expressly agreed by both parties prevail where they differ from athese websiteTerms. estimate,Escrow.com’s agreement and procedures govern its services. This version does not retroactively amend an existing agreement or give the buyerseller isa freenew right to declinecancel themone.
Buyer inquiry / intent. The buyer expresses interest, makes an offer, or starts checkout based on a checkoutnon-binding estimate. Transaction terms. Escrow.com purchases use its agreed transaction terms and procedures. Direct purchases use the purchase agreement for the selected payment method. Escrow.com holds escrow payments; the seller receives direct payments through the agreed method. Seller verification. The seller reviewsverifies the price, terms and terms for the errors described in Section 1availability. Approval orbefore refusalfunding followsis theconditional good-faithon rulecontinued inavailability under Section 42. Escrow.comSeller transactions Escrow.com holds the buyer's funds and runs its own identity, funding and transfer processdecision. TheA transaction staysmay non-bindingbe untildeclined thefor sellera approvespricing itor interms Escrow.com. If the seller declines an erroneous transactionerror, Escrow.comor returns the funds under its procedures. After approval and confirmed funding, the seller transfersbecause the domain is already reserved or sold. Cancellation and any return of money follow the applicable transaction terms and payment provider’s procedures. An unpaid checkout is not an exclusive reservation. Completion. Following approval, a qualifying reservation and required payment verification, the domain is transferred under Escrow.com'sthe agreed process. Funds received but still under verification reserve the domain; they do not authorize its transfer.
If the seller declines a plan because its price or terms reflect an error, or because another qualifying payment reserved the domain first, the seller stops future collections and refunds the amount paid through Stripe. These payments are not held in escrow, and refund processing follows Stripe's and the buyer's bank's timing. Contact [email protected] [mailto:[email protected]] to discuss a payment problem or a request to stop future collections.
The seller's decision to approve or decline a transaction is based solely on the correctness of the price and transactionterms termsand the domain’s availability under the reservation rules. ThatThose decisioncriteria isare applied uniformly and without regard to the identity, location, nationality, business, or any other characteristic of the buyer. The seller does not use the verification step to discover a buyer's identity and then raise the price on that buyer: where the seller identifies a listing error, the seller will decline the affected transaction and, where practical, correct the listed price for all prospective buyers rather than re-quote a higher price to a particular buyer. A declined transaction does not entitle the buyer to demand the erroneous price, and the seller is under no obligation to sell at a price it has identified as mistaken.
TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE SELLER AND ITS AFFILIATES, OFFICERS, AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, OR FOR ANY LOST PROFITS, REVENUE, DATA, OR OPPORTUNITY, ARISING OUT OF OR RELATING TO ANY PRICING INACCURACY, ALGORITHMIC OR DATA ERROR, SYSTEM FAULT, OR DECLINED OR CANCELLED TRANSACTION. BY USING THIS WEBSITE OR INITIATING A TRANSACTION, THE BUYER WAIVES ANY RIGHT TOCANNOT ENFORCE A DISPLAYED PRICE THATAS A BINDING SALE AGREEMENT UNLESS THE SELLERAPPROVAL HASAND NOTFUNDING EXPRESSLYCONDITIONS APPROVED UNDERIN SECTION 2 ARE SATISFIED, SUBJECT TO THE EXPRESSLY AGREED TRANSACTION-SPECIFIC TERMS. THE SELLER'S TOTAL LIABILITY FOR ANY DISPUTED TRANSACTION IS LIMITED TO THE AMOUNT, IF ANY, THE SELLER ACTUALLY RECEIVED FROM THE BUYER FOR THAT TRANSACTION.
8. Listing completed sales After a sale completes, we may list the domain name, the month of the sale, the price and where it sold on namegarage.com. We never name or identify the buyer. Ask us at any time, before or after the sale, to list it without the price or not at all, and we will update the listing promptly. 9. General
Entire terms; changes. These Terms areand the entiretransaction-specific terms governingexpressly agreed by both parties govern website pricing, approval, availability, reservations and the approvallisting processof betweencompleted sales. Expressly agreed transaction-specific terms prevail where they differ; Escrow.com’s agreement governs its services. Together, the buyerapplicable and the seller for listings on this website, andterms supersede prior statements on these subjects for that subjecttransaction. TheChanges seller may reviseto these website Terms; eachdo not retroactively change an existing agreement. Each revision is published as a new dated version, and every prior versionversions remainsremain available fromin the version history on this page so that the wording in effect at any given time can be confirmed.

All effective dates are stated in Coordinated Universal Time (UTC).