How does a domain purchase transaction work?
This depends on how the owner wishes to proceed. If the domain is inexpensive, often times you will be able to pay with PayPal, credit card, or wire transfer. For more expensive domain names, owners will likely require the use of a licensed escrow service, such as Escrow.com, SEDO.com, or Moniker.com. Once payment is made, the transfer of the domain to your ownership and control can also be completed in many ways. The quickest is usually an account change at the same registrar, these types of transfers are usually free and instantaneous. A domain can also be transferred from one registrar to another, such as from Moniker to GoDaddy. These transfers can take up to a week to process, and usually include one year renewal fee at the gaining registrar.
