Domain Escrow Service Information

Domain Escrow is a way of transferring money to a domain buyer where the buyer receives the domain name through a trusted third party.

In many countries, escrow agents constitute a distinct profession with its own training and accreditation requirements. In countries such as Canada, escrow functions may be performed by attorneys.

Escrow is most commonly associated high dollar value items such as unique dictionary domain names. When a domain name is sold the seller of the domain transfers the domain to the escrow agent.

Similarly, the buyer either transfers funds or has a bank transfer mortgage proceeds to the escrow agent. When all conditions of the purchase agreement are met, the escrow agent assigns the domain to the purchaser and distributes the funds to the seller.

Its very important that if you are going to buy a domain name of high value that you use a domain escrow service otherwise you can fall fowl to people selling you something without receiving the domain. There are people ready to pounce and rip you off so its important that you make your domain name purchase correctly using a domain escrow service.

Below are some benefits you have if you use an escrow agent.

Possible Buyer benefits

• Peace of Mind – the domain names will be transferred to escrow before funds are released to the seller.
• Security – Your financial details will only be only provided to the Escrow Service.
• Money Back Guarantee – Some escrow services offer a full refund if the seller does not properly transfer
  the domain names.

Benefit & Convenience –Some agents allow you to deposit cash by using credit card (Visa, MasterCard, AmericanExpress), personal, business, cashier’s or certified check, PayPal, or wire transfer.

Possible Seller Benefits

• Peace of Mind – funds would be verified and cleared prior to transferring your domain names to the buyer.
• Security – By selecting the correct domain escrow service protects you against credit card fraud, insufficient funds
  or credit card charge backs.
• Guaranteed Payment – because the funds are held in escrow, payment is guaranteed once domain transfer
  specifications are met.