OnlineDomain.com Domain Name News & Opinions
Escrow.com announced that it is reducing wire transfer disbursement fees to both domestic (US) and international customers.
Earlier this year Escrow.com announced that ACH disbursements from Escrow.com would no longer incur a $10 setup fee and instead be free of charge. Today there is a further reduction to the disbursement fees, as Escrow.com are halving the cost of both domestic (US) ($10 from $20) and international wire transfers ($20 from $40).
The following disbursement options and fees are now available:
| ACH | FREE |
| Domestic (US) Wire Transfer | $10 |
| International Wire Transfer | $20 |
Escrow will soon be implementing a new policy to get photo ID, and proof of address from every registered buyer/seller for all transactions. Some customers have already been asked to upload these documents so that payments can be disbursed.
ugh, i rather pay the higher fees than have to upload photo id…
I don’t think the two are connected.
Yeah probably not. Is there really a need for it though? I’ve used escrow.com for 10 years and it was never an issue before.
I’ve no problem with that, Escrow.com is a highly reputable domain escrow service I’ve used since 2002. I would never to the same with some Chinese escrow, however.
Yeah but current owners are less than 2 years.
It’s interesting they are doing this. I think it’s to take away the spotlight on how bad the service has become.
Escrow.com reduction in fees really don’t matter because the service has gone to hell with the new owners. Nothing can make up for that. They don’t answer emails quite often. It’s not that they answer late, it’s that they never even reply. There are less knowledgeable employees there compared to the past because they fired a lot of long-time employees. They say they’ll follow up when on the phone with them when there is an issue but then you never hear anything back.
That’s been my experience. The old, good Escrow.com is dead. Time to try a new service.
Payoneer?
i have asked thiis question many times before,does escrow use paypal for sending funds TO international sellers?
No, it does not.
4.cn is now asking for photo ID before they send funds.