Rules for Domain Buyers
Rules for Domain Buyers
It is WTI's goal to provide buyers and sellers with a
marketplace with secure and painless transactions for domain purchases. This
goal can be achieved best when buyers and sellers follow our standard rules
which apply to domains purchased or sold through the WTI marketplace or with
the assistance of WTI's domain acquisition service.
The following activities are not permitted on WTI
Interfering with another user's offer
WTI users are not allowed to interfere with another user's
attempt to either purchase or sell domain names. Users are not permitted to
email buyers in an open or completed transaction to warn them away from a
seller or item. If you have a problem with a transaction, please review our
Rights Protection Program and/or submit a general complaint through the WTI
complaint forum.
Refusing to follow-through with a successful bid
Buyers automatically enter into a legally binding contract
to purchase a domain from the seller if their bid is accepted by the seller or
if they accept a seller's offer to sell. Give careful consideration when making
or accepting offers. WTI's user agreement requires buyers to pay for the
domains that they have committed to purchase. Buyers who refuse to follow
through with domain offers that have been accepted by the seller are
potentially liable to the Seller for breach of the sales contract to which both
are parties.
Soliciting sales outside of WTI
WTI prohibits email offers to buy or sell listed or brokered
domains outside of the WTI marketplace. Offers of this nature are meant to
avoid WTI's fee structure and are a potential fraud risk for both buyers and
sellers.
This includes, but
Using information obtained through WTI to offer to buy or
sell a listed or brokered domain outside of WTI.
Canceling a domain listing or brokerage agreement to sell to
a buyer who became aware of the domain due to the efforts or listings of WTI.
Ending a domain listing early to sell it at a higher price
to the winning bidder by avoiding having to pay the WTI commission.
Domain purchases outside of WTI do not receive the benefit
of WTI's Domain Sales Agreement or WTI's escrow or domain transfer services
that ensure safe and secure transfers of the domain and purchase price.
Retracting Bids
If you make an offer or counter-offer, it is binding for
seven (7) days from the time you make the offer. During this time, you cannot
cancel the negotiations or change your offering price. Sellers are similarly
bound to commit to their offers for the same time period.
Purchasing domains protected by trademark rights
It is the Buyer's responsibility to research whether or not
their desired domain is subject to trademark or intellectual property
protections. WTI prohibits the purchase or sale of domains comprised of trademark
protected terms. If you would like to research whether a particular domain is
protected by trademark rights, please click here.
To report a violation of WTI's rules for buyers
Submit an email via WTI's contact page which can be located
here.
Include any appropriate information, including any relevant
emails and background.