Epik’s Lease, Rental & Purchase Plans Guide

In this tutorial, we’ll go over how to sell, buy and manage your Epik domains with our powerful lease, rental and purchase options.

Why Lease/Rental or Purchase Plans?

Especially now in the aftermath of the pandemic crisis, more businesses are being bootstrapped and financed with less available at-risk capital. As a result, the margin for error is much smaller.

As the majority of prospective domain buyers view a 4, 5 or 6 figure domain purchase as a material decision, leasing is a way to reduce risk, and leave more startup capital to fund operations while still building your digital enterprise on a superior domain name.

At Epik we have long believed in the power of leasing domains, and we’ve taken steps to make sure it’s as easy, straightforward and a positive experience for both parties.

Note: To protect the interests of both Sellers and Buyers (or Lessor and Lessee), we require that the domain up for sale is registered at Epik.

For Sellers

Getting Started

First we need to choose the domains. Every single one of these steps can be done in bulk, so you can choose select more than one.

  • Login to your Epik.com account and navigate to your Domain Dashboard. Select the domain you wish to sell.

  • Click on the icon01 icon and from the side menu. On the Marketplace tab, click the Place The Domain For Sale, Or Setup A Rental Or Purchase Plan option.

Setting Up The Plans and Options

Here you can define the options for your plans. The options on 2. Rental & Purchase Plans are calculated automatically based on the 1. “Buy Now” Price.

However, you may also tweak the specific values and make your own custom plan with different pricing combinations – Lower Buy Now Prices combined with higher Purchase Options on a Purchase Plan, with or without interest, full control of Grace & Refund periods is all among the features our Marketplace supports and offers.

Epik also offers a total 14 different premade templates, distributed between Financing, Rental & Optioning plans, which you can apply to your domain.

One of the best parts about our plans is that you can offer a combination of Buy Now Price + Lease/Financing Option + Make Offer, which empowers your buyers with more options to own and buy your domains.

  • After choosing your desired plan, just click Next and continue with the wizard.

  • When done, just click Submit Domains. After propagation you can check the landing page or our Marketplace to see it listed with the plan.

FAQ – Frequently Asked Questions | Seller

How will I be paid?

All proceeds are paid to your Masterbucks.com account automatically.

What if the buyer misses a payment?

If the buyer missed both the payment date and the grace period, the plan will be canceled and the domain will be automatically placed under your control.

How do the marketplace fees apply?

The marketplace fee is applied to the total installment price and distributed between monthly payments.

Can the plan be reinstated after cancellation?

Yes, if both parties wish to reinstate the plan, just contact us at support@epik.com and we’ll put the plan in motion again.

Who pays the renewal fee?

The seller always pays the renewal fee as he/she’s the official owner of the domain asset.

For Buyers

Managing Your Rental & Purchase Plan

Upon activating one of this plans, both the buyer and the seller will have a new tab on their domain dashboard named Rental & Purchase Plans. Here you can manage everything related to the plan, from payments and cancellations to contract consultation.

Note: Always maintain a valid payment method on file to avoid disruption and cancellation of the plan.

  1. Buyout – Pay the purchase option of the domain, or the difference between the purchase price and the amount accrued.
  2. Pre-pay – Prepayment of the plan, from 1 month to the last month of payment.
  3. Terminate Contract – Termination of the rental & purchase plan (please consult the contract before termination).

Managing Your Lease Plan

Upon activating one of this plans, both the buyer and the seller will have a new tab on their domain dashboard named Leasing. Here you can manage everything related to the plan, from lease extension and cancellations to contract consultation.

Note: Always maintain a valid payment method on file to avoid disruption and cancellation of the plan.

  1. Extend Lease – Extend the lease beyond the agreed term.
  2. End Lease – Termination of the leasing plan (please consult the contract before termination).

FAQ – Frequently Asked Questions | Buyer

What if I miss a payment?

If you miss both the payment date and the grace period established by the seller, the plan will be canceled and the domain will be automatically placed under the seller’s control.

I’ve missed my payment deadlines. Could we reinstate the plan?

Depends on the seller. Contact us at support@epik.com and we’ll reach out to the domain owner to understand if they’d be interested in activating the plan again.

Can the seller cancel the plan at any time?

No, the contract is binding and the seller can’t unilaterally cancel the plans on their end.

Can I transfer the domain out?

No, the domain needs to be on Epik for contract enforcement.

Can I change the WHOIS info?

No, the Whois info can only be changed by the domain owner.

Who pays the renewal fee?

The seller always pays the renewal fee as he/she’s the official owner of the domain asset.

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