Escrow.com reduces the minimum domain name transaction fee from $25 to $10

Escrow.com reduced today the minimum domain name escrow transaction fee from $25 to $10.

Jackson Elsegood, General Manager of Escrow.com, said that this was done to make it cheaper and easier to do transactions for domains in the $300 to $700 price range with escrow protection.

Up to now transactions of $769 or less had to pay the minimum $25 escrow fee despite the 3.25% commission percentage. (standard service using a wire transfer)

Credit card and paypal translations will see reduced fees for domain name sold below $396.

Domain name transactions in Euro have a €10.00 minimum.
Here are the new Escrow.com fees:

Fees for transactions in US Dollars

Transaction Amount (Merchandise + Shipping) Standard Concierge Express Deposit Fee
$0-$5,000 3.25% ($10.00 minimum) 6.5% ($100.00 minimum) Standard or Concierge fee + 3.05%
$5,000.01-$25,000 $162.50 + 0.26% of amount over $5000 $325 + 0.52% of amount over $5000 Not available
$25,000.01 + 0.89% 1.78% Not available

Fees for transactions in Euros

Transaction Amount (Merchandise + Shipping) Fee Concierge Express Deposit Fee
€0-$5,000 3.25% (€10.00 minimum) 6.5% (€100.00 minimum) Not available
€5,000.01-€25,000 €162.50 + 0.26% of amount over €5000 €325 + 0.52% of amount over €5000 Not available
€25,000.01 + 0.89% 1.78% Not available

 

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About Konstantinos Zournas

Konstantinos studied Computer Engineering and Computer Science in London and lives in Athens, Greece. He works on domain names, websites and software development. Has been online since 1995 & domaining since 2002.

2 comments

  1. Really smart move by Jackson Elsegood for Escrow.com. That’s so cheap to protect yourself for a low dollar amount transaction. It’s a no brainer. Especially since most of us are past the verification process, now. Let’s face it, that was a pain. But now we’re all 100% certain we know who we’re dealing with which really protects us for the high dollar amount transactions. All bases covered now.

  2. Escrow is hurting, 2015 was there last good year.

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