OnlineDomain.com Domain Name News & Opinions
You can now make Euro transactions at Escrow.com again.
The feature was lost a few months back while the company started enforcing the KYC (know your customer) requirements while also changing their banking partner. Euro transactions were first introduced at Escrow.com in 2013.
I really missed the Euro transactions as they are way cheaper when both the buyer and the seller are located in Europe. And it doesn’t really makes any sense to transact in USD when both parties are using Euro as their currency.
A 1000 Euro domain name transaction costs 35 Euro at the standard fee and 100 Euro if using the escrow.com concierge. Euro payments are only available by a wire transfer. Credit card and paypal payments are not available in Euro.
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For Euro transactions, Transpact.com (Europe’s leading escrow service) is the obvious choice, and used by many domainers daily.
Priced at only €3.49 per party per transaction (slightly higher for transactions over €15,000), and with ultra-fast turnaround and payment times, I can’t think of any reason to use another escrow service for Euro transactions.
[Disclosure – I work for Transpact.com, but it is a great company)
Kostas,
It looks like the Euro transactions option is not there anymore … checked today and it has disappeared, they are offering only USD … what a mess …
Yes, I just checked and it is gone again. I have no idea what is going on.
It seems that the Euro option is back again.