I was curious about domains and looked for something. The domain was available, but it cost over $1,000,000
What would happen if I clicked “add to cart” and tried to buy it if…
- I couldn’t afford it
- I could afford it
Does someone reach out since it’s a big sale? How do they confirm I have the money? Who does the money go to?
Assuming I don’t have the money, at what point would I get blocked? I assume they don’t just process giant purchases the same way as $10 ones
If you have the money you probably need to transfer the money to an escrow account. Even if you are loaded you probably wouldn’t have a credit card with a million dollar limit.
The escrow agent calls the other party to tell them that the money is on the account. The domain holder transfer the domain rights to you then you call the agent to tell them that the deal has been concluded and they will send the money to the seller.
If you lie that you didn’t receive the domain rights you won’t get the money back since both parties tell a difference story. The money stays on the escrow account and the case will go to court or into arbitration.
Fabulously wealthy people have no limit credit cards, not unlike my hold em games.