Namegarage

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Terms of Sale & Pricing Disclaimer: what changed

v3.0 · to v5.0 ·

AI summary

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

  • Replaces approval-only formation with approval plus a funding condition: domains stay available until required payment or an agreed deposit is confirmed, and the first qualifying confirmed payment wins the reservation.
  • Adds availability as a uniformly applied decision criterion; a transaction may be declined, and a Stripe plan refunded, if another qualifying payment reserved the domain first.
  • Adds that agreed transaction-specific terms prevail and that changes do not retroactively amend existing agreements.
  • Adds that completed sales may be listed without naming the buyer, who may ask to omit the price or listing.
  • Expands Stripe checkout disclosure to the complete schedule and adds surcharge, balloon and billing-date rules, fee-free early payoff, and written cancellation of unpaid plans without fee or balance collection.
  • Adds missed-payment notice with a cure deadline at least 14 days after both due date and notice; these card-plan rules apply only to new agreements accepting this version.

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.
Stripe processes payments directly for the seller; Stripe is not an escrow service. The checkout shows the total price, any down payment, the firstcomplete installmentpayment schedule, including the amount due today, every monthly amount, the final payment and the remainingtotal monthlyto amountsown. By accepting the card-plan authorization, the buyer authorizes the first charge at checkout and automatic monthly charges for the displayed remaining schedule. The first charge includes any down payment and the first installment. The seller pays Stripe's processing and billing fees; they are not added as a full-term fee charged to the buyer upfront.
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 legal@namegarage.com [mailto:legal@namegarage.com] to discuss a payment problem, cancellation or an early-payoff quote. Monthly schedules and the final payment The agreed schedule separates the cash price, fixed payment-plan surcharge, any Easy Start surcharge and the total required to acquire ownership. A surcharge is included in the payments shown; it does not start accruing after an interest-free period. A flat surcharge is not an annual percentage rate. These descriptions do not replace any disclosure required by applicable law. Easy Start lowers the opening payments and increases the later payments. A balloon schedule instead lowers the regular payments and leaves a larger required final payment. Where offered, a balloon schedule has no down payment, no Easy Start and no extra balloon surcharge. Its final-payment percentage is a target based on the cash price; whole-dollar allocation can increase the actual final amount. The displayed final amount, not the target percentage, is part of the agreed schedule. A bundle adds each domain's allocated schedule. The final payment is required to acquire ownership; it is not a separate optional purchase price. Today's charge is the first payment slot, including any down payment. The first automatic payment is one calendar month after the successful first payment, clamped to that month's last day. It sets the monthly billing day for later payments. A final payment in slot 24 falls 23 monthly billing intervals after the first payment. The provider's schedule supplies the calendar dates once the first payment establishes that billing day. All required payments, including the final payment, must be confirmed before the seller reviews final ownership transfer. The seller arranges domain access after the initial payment and verification and retains registration control until completion. Domain use must comply with law and the agreed terms. Contact the seller to arrange DNS changes, confirm registration coverage or request an early-payoff quote. No extension or refinancing is promised. A changed schedule requires new agreed terms and buyer confirmation. Cancel an unpaid card plan For a new card agreement that accepts this version, the buyer may cancel at any time while the purchase remains unpaid. Send a written cancellation request to legal@namegarage.com [mailto:legal@namegarage.com] from the agreement's buyer email address. The seller verifies the buyer's request and records when it was received. Cancellation takes effect when the seller receives the valid request; it does not require seller approval, a missed payment or a requestgrace period. The buyer must stop using the domain and give up any access or control supplied under the lease. The seller keeps ownership and recovers control. Cancellation does not transfer ownership to stopthe buyer. The seller stops future collection and does not charge a cancellation fee, accelerate or collect any unpaid purchase balance, including an unpaid final payment. Payments completed before receipt of the cancellation request are retained, subject to mandatory law and the exceptions below. A charge completed after receipt is reviewed for correction or refund; it is not automatically retained and does not restart the agreement. If the available timestamps cannot establish whether payment preceded the request, that payment also requires review. Processing a request may take time, but it does not move the effective cancellation time or make later purchase payments owed. Billing closure and domain return require the verification described below. An unresolved payment, refund, dispute or domain-control issue keeps the reservation protected for review. It does not create a right to continue collecting the unpaid purchase balance. Once full payment or a confirmed early payoff completes the purchase, ownership-transfer and payment-review procedures apply; this cancellation process cannot convert a completed purchase into retention of both the full price and the domain. Mandatory withdrawal and refund rights remain unaffected. Pay off a new card plan early The buyer may contact the seller for an early-payoff quote on an eligible new card plan. The quote credits confirmed payments and removes the payment-plan and Easy Start surcharges allocated to payment periods that have not started. No early-payoff fee applies. The seller shows the exact payoff amount, credited payments and fee reduction for the buyer's confirmation before payment. Unresolved missed payments, refunds, disputes or other payment issues require review before the seller can issue a payable quote. Each domain's agreed cash price and actual surcharge amounts are frozen when the plan is accepted. Each surcharge is allocated evenly across that domain's scheduled payment periods. The first period starts when the first payment succeeds; each later period starts on its scheduled installment date. To account for cent rounding, the earned share of each surcharge is its total multiplied by the number of periods started, divided by the total number of periods, rounded half up to cents. The rest is removed from the payoff. This calculation is made separately for each domain and surcharge before adding the results. It is not daily interest or a new annual percentage rate. The payoff equals the original total less confirmed payments and the remaining future surcharges. A down payment is credited once as part of the actual payments. The original schedule and payment history stay recorded; a fee reduction is not money received or a cash refund. Ownership transfer still requires verified payment, closure of the remaining collection paths and seller review. Existing agreements without this expressly accepted payoff basis keep their original terms. Missed payments, notice and domain return For new monthly card agreements accepted under this version, a missed payment, including the final payment, triggers a default notice to the buyer's agreed email address. The seller records when the sending service first accepts the notice for that installment. Service acceptance is not proof of inbox delivery. A failed sending attempt does not start the notice-based grace period. The cure deadline is no earlier than both the installment due date plus 14 calendar days and the first accepted notice plus 14 calendar days. A later missed installment needs its own notice and full grace period. The buyer can cure the missed payment before termination; contact the seller for payment recovery. If the missed payment remains uncured after that deadline, the seller may stop collections and terminate domain use. The seller must verify that the payment schedule and any unpaid invoices can no longer collect, check payments, refunds and disputes, and confirm control of every domain before completing return and releasing the reservation. A billing cancellation or webhook alone does not prove domain return or authorize relisting. Uncertain payments or control require review. After verified termination, the buyer loses domain use, the seller recovers control, and the seller retains prior payments subject to applicable law and the exceptions below. The seller does not accelerate, pursue or collect any remaining purchase balance, including an unpaid final payment. The original schedule and payment records remain in the agreement history; they do not establish a collectible balance after termination. Retaining prior payments is not a refund. Payment retention does not override mandatory rights, refunds required for seller nonperformance, the price-error or competing-reservation refund above, or corrections for erroneous, fraudulent, disputed or charged-back payments. These cases require review under the applicable agreement, law and provider process. A late or duplicate payment does not restart an ended agreement and must be reviewed separately for correction or refund. Nothing here limits a buyer's right to raise a payment dispute. These provisions apply only to new agreements that expressly accept this version and its payment authorization. Existing plans keep their agreed schedule, authorization, cancellation and payoff terms. Escrow.com transactions follow Escrow.com's own agreement and procedures, not these card-plan default rules.
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).