Escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.
When you use Escrow, the buyer’s payment is held in a trust account until the entire transaction is complete. This way, buyers can be confident that the domain / website will be registered in their name and sellers can be sure they’ll be paid. Escrow.com is the largest online licensed and audited escrow operator that provides protection against fraud, deception, and irresponsibility
Escrow.com provides a secure way for customers to carry out their transactions, no matter how big or small. The benefits of using Escrow include:
Peace of mind, security, and convenience
Assured domain name transfer prior to paying seller
Ability to confirm domain ownership directly with the registrar before the seller is paid
Ability to pay by wire transfer and in some cases PayPal, check, money order, or credit card (Visa, MasterCard, American Express)
Protection against credit card fraud, insufficient funds, or credit card chargebacks
Escrow fees that may be lower than merchant credit card processing fees
To use Escrow.com to pay for a domain, follow these steps:
a. Click on the “Buy it now” button on the domain’s listing page.
b. Follow the instructions to create an account with Escrow.com.
c. Fund your Escrow.com account.
d. Once you have confirmed you have received the website / domain to Escrow, Escrow.com will release the funds to the seller.
