I am about to purchase a domain name for a bit of money. I do not personally know the person who I am purchasing the domain name from, we have only chatted via email.The proposed process for the transfer is:The owner of the domain lowest thedomain name security and emails methe domain password, I request thetransferAfter the request, I transfer the money via PayPalWhen the money has been cleared the current domain name owner confirms the transfer via the link that he receives in that emailI wait for it to be transferred.The domain is currently registered with DirectNIC - http://www.directnic.com/Is this the best practice? Seeing I am paying a bit of money for this domain name, I am worried that after the money has been cleared that I won't see the domain name or hear from the current domain name owner again.Is there a 'domain governing body' which I can report to if this is the case?Is the proposed transfer process the best solution?Any advice would be awesome.Thanks!Jack
Domain Transfer Protection - need advice
domains