NameStarter.com :: domaining business blog // Domaining for Domainers

Archive for the ‘escrow.com’ Category

Escrow.com formally launches broker tool

May 7, 2012domain broker, Domain Sales, Domaining, Domainnamewire, escrow.comComments Off on Escrow.com formally launches broker tool

Broker tool released to all Escrow.com customers.

I’m a bit behind because of a hosting change at the end of last week, but the latest news from Escrow.com is worth writing about even a couple days late.

Escrow.com formally launched its broker tool last week. I wrote about this tool back in January when it was in limited release.

The new offering allows brokers to be involved with transactions at Escrow.com. The broker can set up the escrow transaction and also collect his or her commission directly from the Escrow.com disbursement. What’s also neat about this is it allows the buyer’s information to remain confidential until the transaction is completed.

I don’t broker domain name names, but this seems like an ideal solution for anyone involved with domain brokerage.

The video below explains the process.


© DomainNameWire.com 2011.

Get Certified Parking Stats at DNW Certified Stats.

Related posts:

  1. A look at Escrow.com’s $1 billion milestone and new broker tool
  2. Escrow.com again ranked top domain escrow service
  3. Survey: Escrow.com Still Top Domain Escrow Service

A look at Escrow.com’s $1 billion milestone and new broker tool

January 20, 2012Domain Services, Domaining, Domainnamewire, escrow, escrow.comComments Off on A look at Escrow.com’s $1 billion milestone and new broker tool

Escrow.com completes $1 billion in transactions and will soon release a tool for brokers.

Escrow.com just hit a major milestone: $1 billion in completed transactions.

I reached out to Escrow.com president Brandon Abbey to understand the path the company took to reach this milestone and the makeup of its current business.

Abbey told me that Escrow.com started out with small transactions when it opened its doors in 1999. An actual example: 10 Garnet Ovals at $1.99 a piece. Escrow.com only pocketed $2.50 off that transaction.

Given that at least two Escrow.com employees must look at each transaction, that clearly wasn’t a scalable model. So when Abbey took over in 2004 he focused on upping the price tag on the typical transaction. In 2002 Escrow.com’s average transaction was $2,072; last year it was over $10,000.

Perhaps the biggest growth driver for the company has been domain names.

“We were able to secure the trust of many in the domain community and have provided a lot of focus on the industry ever since,” said Abbey.

Over 50% of the transactions completed at Escrow.com to date have been domain name deals. That percentage has been higher in the last few years.

Escrow.com is responding to market demand by adding services for more complex transactions. For example, it supports a lot of payment plan deals.

It’s also running a beta of a system that includes brokers in the process. For example, a broker may connect a domain buyer to a seller. The broker sets up the transaction at Escrow.com and indicates his commission. When the deal is finalized, Escrow.com sends the commission to the broker and the rest of the proceeds to the seller.

Andrew Rosener of Media Options has been testing the system. I emailed him yesterday to find out how the broker tool is working.

Over the last year or so I’ve been working with Escrow.com testing and refining their new Broker transaction product and it has become a critical element of my business ever since. Just in 2011 alone, we’ve completed 8 digits in transactions with Escrow.com using the broker product. By allowing me to set up transactions for third parties (buyer & seller) it makes my brokered transactions much smoother and allows me to use my time more efficiently. In the past I had to instruct either buyer or seller on how to setup the transaction and exactly how to set each of the terms; but now, I set up the transaction, both buyer and seller are notified to login & review, once they accept I can manage and drive the transaction from my own Escrow.com account instead of having to email my clients or an Escrow.com service rep to find out where the transaction stands. This process not only improves my work flow, but it also adds a layer of professionalism and trust when handling larger transactions. I was never comfortable before having to tell my clients to set up these transactions on their own and allowing them or forcing them to deal directly with the other party, oftentimes that is exactly why they hire a broker, because they don’t want to deal with the other party. Now I stay in between, manage the whole transaction from start to finish seamlessly & also am able to maintain total privacy for one or both clients when necessary. Today, I couldn’t imagine running Media Options without it.


© DomainNameWire.com 2011.

Get Certified Parking Stats at DNW Certified Stats.

Related posts:

  1. Escrow.com Offers “Payment Plan” Escrow on Domain Transactions
  2. Survey: Escrow.com Still Top Domain Escrow Service
  3. Escrow.com Rated Top Domain Name Escrow Service

New Service Hopes to Make Seller-Financed Domain Transactions Easier

June 23, 2011Domain Services, Domaining, Domainnamewire, escrow services, escrow.com, howard neuComments Off on New Service Hopes to Make Seller-Financed Domain Transactions Easier

Service manages seller financed domain sales.

Zenscrow.comA new service called Zenscrow hopes to bring more liquidity to the domain name market by making seller financed domain sales easier.

Companies such as Escrow.com and Moniker already offer payment plan escrow services, but Zenscrow takes it a step further. There are two benefits I see to Zenscrow compared to typical payment plan services.

First, Zenscrow provides a domain sale or lease agreement.

Second, the company monitors the use of the domain name during the financing period.

This second feature is important. You might sell a domain to someone on a payment plan, only to find out they are using the domain name in a way that hurts its value. If they later stop making payments you get the domain name back but it’s damaged goods.

For example, the buyer might try search engine tricks that get the domain banned from Google, post infringing materials that result in a domain seizure or lawsuit, or use a generic domain that happens to be also be a trademark in a way that risks a UDRP case.

I’m not sure how much of a burden self-monitoring would be if you only have a few seller financed deals, but I can see the value if you handle many of these types of sales. And some monitoring, such as search engine tricks, might be difficult to monitor as an individual.

Zenscrow charges 0.25% of the domain purchase price per month with a $99/month minimum. The company doesn’t actually handle the escrow itself; this is handled by the customer’s choice of either Escrow.com or the Law Office of Howard Neu. There’s a 0.89% escrow fee at the beginning of the transaction.


© DomainNameWire.com 2011.

Get Certified Parking Stats at DNW Certified Stats.

Related posts:

  1. Escrow.com Offers “Payment Plan” Escrow on Domain Transactions
  2. Escrow.com Rated Top Domain Name Escrow Service
  3. Survey: Escrow.com Tops for Big Ticket Domain Name Transactions

Escrow.com Selected as Top Domain Escrow Company

March 21, 2011Domain Services, Domaining, Domainnamewire, escrow.comComments Off on Escrow.com Selected as Top Domain Escrow Company

Once again Escrow.com is top rate domain name escrow provider.

Escrow.com is the best domain name escrow service according to a survey of over 1,500 domain industry professionals.

46% of respondents in Domain Name Wire’s sixth annual survey said Escrow.com was best. Sedo‘s escrow services came in second place with 32%.

1. Escrow.com 46%
2. Sedo 32%
3. Afternic 8%
4. Moniker 7%
5. EscrowDNS 6%

Domain name escrow service vary in price and services. Some (including Escrow.com and Moniker) offer complex escrow services such as payment plans.

Here’s how much a small and large transaction would cost with each of these five services.

$5,000 Domain
Escrow.com $162.50
Sedo $150
Afternic $150
Moniker $149
EscrowDNS $350

$75,000 Domain
Escrow.com $667.50
Sedo $2250
Afternic $2250
Moniker $697.50
EscrowDNS $750

You can view more results from the survey here.


© DomainNameWire.com 2011.

Get Certified Parking Stats at DNW Certified Stats.

Related posts:

  1. Escrow.com Rated Top Domain Name Escrow Service
  2. Survey: Escrow.com Still Top Domain Escrow Service
  3. Escrow.com Offers “Payment Plan” Escrow on Domain Transactions

Escrow.com Rated Top Domain Name Escrow Service

February 13, 2010Afternic, Domain Services, Domaining, Domainnamewire, escrow.com, Moniker, sedoComments Off on Escrow.com Rated Top Domain Name Escrow Service

Escrow.com selected as best domain name escrow service.

Escrow.com is the best escrow service for domain names, according to a survey of over 500 domain name owners.

In the 5th Annual Domain Name Wire Survey, 55% of respondent picked Escrow.com as the top service. Sedo’s escrow service came in at number two with 24%, followed by Moniker at 13%. Afternic’s escrow service came in a distant fourth. EscrowDNS.com also received votes. EscrowDNS.com was recently sold and is in transition.

Domain name escrow services vary in process, but they all help domain buyers and sellers transact while a third party holds funds.

Escrow.com and Moniker offer advanced escrow services, such as purchases where payments are spread out over time.

Pricing depends on the complexity, but here is the standard pricing for a modest domain and an expensive one at each service:

$5,000 Domain
Escrow.com $162.50
Moniker $149.00
Sedo $150.00
Afternic $150.00

$75,000 Domain
Escrow.com $667.50
Moniker $697.50
Sedo $2,250.00
Afternic $150.00


© DomainNameWire.com 2009.

Review and rate domain name parking companies at Parking Judge.

Related posts:

  1. Survey: Escrow.com Still Top Domain Escrow Service
  2. Survey: Escrow.com Tops for Big Ticket Domain Name Transactions
  3. EscrowDNS.com Temporarily Suspends New Service