In making their payment services more appealing, Escrow.com has reduced its minimum fees from $25 to $10 in a bid to target high volume transactions.
Escrow.com is the leading global provider of secure online escrow payments with over US$3 billion in payments secured.
Unlike credit cards or PayPal, Escrow.com does not allow chargebacks against sellers, and keeps buyers safe by guaranteeing that their funds will only be disbursed when they are 100% satisfied with the goods or services they have received.
âEscrow.com is the safest and most cost effective way to buy or sell anything online. We provide protection against fraud and chargebacks from $10, to offer an affordable alternative for online purchases,â said General Manager of Escrow.com, Jackson Elsegood. âOver 1 million users have transacted safely and easily using our online escrow platform to trade everything from motor vehicles to design services.â
Escrow.com offers 2 products specific to domain names. One is a secure domain name holding. is designed for Buyers and Sellers who agree to hold the domain(s) in escrow while the Buyer makes scheduled payments.
The fee for this service is our standard escrow fee plus a domain holding fee. The holding fee is dependent on the length of the holding period; $40/month if we are managing the DNS and $25/month if the Buyer will manage their own DNS. All contracts will have a minimum holding fee of $150 plus the escrow fee. Each transaction may include up to three domains without additional charges. Additional domains can be added to the contracts for the per year fee of $125 if we manage the DNS and $100 if managed by the Buyer.
The second is for the buying and selling domain names and websites securely online. The Buyer’s payment in a trust account until the entire transaction is complete. That way, Buyers can be confident the domain will be registered in their name and Sellers can be sure they’ll be paid. Fees vary depending on the value of the domain name and includes an escrow fee (starting at 0.89%) and a concierge fee (starting at 1.78%) for domain names valued at over $25,000.