OnlineDomain.com Domain Name News & Opinions
Escrow.com is now offering a new Concierge Service that assists sellers and buyers to transfer domain names. The person starting a new domain name transaction will now have to choose between two options.
Do you need assistance with the domain name transfer?
- No, I will manage the domain name transfer
- Yes, I would like assistance from escrow.com (extra fees apply)
With the Standard Service, the buyer and seller will handle all aspects of the domain name transfer. With Escrow.com’s Concierge Service, Escrow.com will assist withe the domain name transfer. Once payment is received from the buyer, Escrow.com will have the seller transfer the domain name to Escrow.com’s account. Thereafter Escrow.com will push the domain name to the buyer’s account.
Escrow.com updated their price chart to accommodate for the new service. Concierge Service starts at 6.5% with a $100 minimum.
Escrow.com was recently acquired by Freelancer.com and is fast to make many improvements. Some of them were suggested here.
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Would be nice if Escrow.com could offer a dialogue box within the transaction page so the buyer and sell can exchange information on how the transfer will work instead of making both people communicate seperately through emails.
What is wrong with buyer and seller communicating independently outside of Escrow?
After all, Escrow makes it clear they only act as a custodian of the funds, not the domain transfer process.
In the new concierge service Escrow takes control of the domain name.