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rules of godaddy domain transfer

Godaddy domain transfer.

Once a customer pays another customer for the domain and the domain is transferred is this usually final.

For example could the customer just click 'undo transfer'?

If I buy a domain name at a low price and put time into hosting and then customer wants domain back can they just take the domain back from me?

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Dave Baldwin
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ASKER

Thanks for both answers. Now I understand godaddy domain transfer better.
It is conceivable that the seller could initiate the transfer, take your money, and then cancel the transfer before the transfer has been completed.

If you are paying a significant amount of money for the domain, you may want to consider a domain name escrow service for this transaction.

What this service does is:  you pay the $$ to the escrow company.  They hold the $$ until the domain name is completely and irrevocably transferred to you.  Then, they transfer the money to the seller.  Of course, the escrow company takes a small cut.  Some of the domain name escrow companies will handle the mechanics of the transfer for you and the seller, as well.

I'm not going to recommend a particular provider of these services over any other, but if you type domain name escrow into your favorite search engine, you'll get a good selection.