I recently received a request from a domain buyer to use a Dynadot Pay Link for purchasing a domain. Dynadot, like other domain platforms, offers a service that enables users to finalize a domain transaction that was negotiated elsewhere. The platform charges a 5% fee on transactions and offers a 2% bonus on funds converted to store credit. However, I found the process of creating a Pay Link for domains registered elsewhere to be somewhat confusing. This guide aims to simplify that process.
Step 1: Add External Domain to Account
To start, you need to add your external domain to your Dynadot account. Click on “Manage Domains” in the left menu, then select “Other Registrar.” From there, click the “Add Domains” button, enter your domain name, and submit it. You’ll then have to verify your ownership by either adding a TXT or CNAME record or by changing the nameservers for the domain.
Step 2: Add Domain to Marketplace
Next, you’ll want to create a marketplace listing for your domain. Remain in the “Manage Domains” section, check the box for your new domain, go to the “Bulk Action” dropdown, and select “Sell Domain.”
Step 3: Create Pay Link
With your domain now listed in the marketplace, you can create a Pay Link to send to the buyer. Navigate to “Aftermarket” in the left column and then to “My Marketplace Listings.” Click on the “Dynadot Pay Link” button at the top. This will open a form where you can select your domain from a dropdown menu and enter your desired price. Options for link expiration and installment plans can also be set here.
Step 4: Transfer the Domain
Once the sale is completed, you need to transfer the domain to Dynadot. This part can be a bit confusing, as you won’t go through the Aftermarket section for the transfer. Instead, go back to “Manage Domains” and select the “Other Registrar” tab. Click the “Transfer” button and enter the authorization code for your domain.
Now that I’ve navigated the process successfully, it seems much more straightforward for future transactions. The low fee for Dynadot’s Pay Links, coupled with the 2% bonus for converting to store credit, makes it an attractive option, alongside various payout methods including cryptocurrency.
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