OnlineDomain.com Domain Name News & Opinions
I had a problem with an unresponsive buyer for a .us domain I recently sold. The domain was transferred to his registrar but the buyer went missing for 3 days. I contacted escrow.com and asked them to reach out to him as I was not having any luck. He never replied to my emails but he did accept the domain at Escrow.com after they contacted him.
Then Escrow.com completed the domain name transaction almost instantaneously.
It took Escrow.com exactly 28 minutes after the “Buyer received merchandise or domain transfer” and “Buyer accepted merchandise” emails to send to me the “Closing Statement” email. It took them just 28 minutes to complete the transaction and send me the wire transfer. I think that sets a new record for me.
Thanks Escrow.com for another flawless transaction.
*Escrow.com is a sponsor at OnlineDomain.com.
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Escrow.com is as fast as the two parties using it want it to be. If a buyer wants it fast it can be done as you say, in an hour. But I understand that most people aren’t sitting around with nothing to do but finish our domain transaction
Yes, but money arrives as fast as escrow.com sends them.
I closed on a name last week with escrow.
I was also surprised to see the money in my account within an hour after the buyer accepted the name.
I thought too that ,that was a good improvement.
I’ve no complaints whatsoever from Escrow.com, a happy customer – both buyer and seller – since 2002. Sometimes it takes longer, other times sales close on the same day. Yes, when it takes an extra day I get ‘antsy’ but never anxious. It’s the thrill of closing yet another sale that matters 😀
The real problem with escrow.com is that money is not released to the seller immediately after a domain is transferred to the buyer. The seller has no domain any more, but still no money in his hands. He/she is put on an very unstable position until the buyer accepts the transfer. What if a malicious buyer transfers the domain to a third party while he/she is not accepting the transfer and claims they haven’t got the domain? Things become very complicated.
Konstantinos, all too often people take time to post negatively. This is a breath of fresh air! Kudos Escrow.com
Actually complaining is what I do best. 🙂
Things should work properly and the exception (not working) should be noted.
But when I am pleasantly surprised I write about it.
Donna – If readers wanted negativity they can find it on your blog. After all, you have dedicated posts based on negativity. Please read your blog. Readers come here for the journalistic reporting of the domain industry. When you step off your hierarchy you will see differently.