Josh and Josh from DNWE.com sent out an email tonight. No more subscription fees. Sellers will go back to paying 12% commission when selling a domain and buyers will no longer pay a DAN escrow fee when buying a domain. Personally I think it’s a smart move and wish them good luck with the change.
The full email:
On behalf of DNWE, we hope you’re doing well and that your year is off to a great start.
As you may or may not recall, in January 2021 we decided to try DNWE on a subscription-based model. The primary motivation was to offer investors a cheaper way to transact at wholesale.
While we continue to see various degrees of success and plenty of users taking advantage of the platform, we have made the decision to switch back to a free to use model (no subscription required). This will entail switching back to the same commission structure we previously implemented when launching the platform. Sellers will go back to paying 12% commission when selling a domain and buyers will no longer pay a DAN escrow fee when buying a domain.
As for the domains currently listed on the platform, right before we make this change all active listings will move to expired status and will appear in your Expired Listings list in your seller dashboard where you can easily modify the prices if desired and resubmit the domains for active listing.
This change will go live in just a few days on April 1st. There may be a bit of downtime right before this change is made. We’ll be sure to update you so you’re aware.
We want to take a second to thank the hundreds of users that continued to support our platform during this period. For those of you that have an active monthly or yearly subscription, on April 1st you will be issued a prorated refund for the amount of time you still had left.
If you did not have an active subscription you will soon be able to use your account for buying and selling again.
If you have any questions, please feel free to reply to this email and we’ll do our best to get back to you in a timely manner. Talk again soon!
Good idea since nobody was going to resubscribe.