While researching/studying/reading about flipping sites recently I came across an interesting blog entry. This guy who claims he has been flipping sites for years using flippa had a problem recently, this past August. He states that he was selling a site and because of the selling price his portion to flippa was to be $499. He states that the sale fell through but flippa still wanted their $499 cut. He tried explaining to them that the sale fell through, but claims they still wanted their money. There have been numerous replies to the initial thread, but he never does say how it turned out. At the end of the article he provides links to four sites that he now uses instead. I don't know who the user is, so don't ask.
Link to the original post: http://www.prosperly.com/2010/the-pr...dont-use-them/
It seems to me that if flippa actually did this that they would lose their customer base almost overnight.
Anyone ever heard of this or anything similar happening?