Escrow.com for .ca domain

[theinvestor]

Has anyone ever used escrow.com for a .ca domain?

How does it work in terms of transferring the domain?

[ianccc]

yep works great - no problems

[theinvestor]

Thanks ian

[DNP]

Right, works fine.

[Belzibut]

worked for me

[ianccc]

I should have elaborated further - basically the buyer/seller sort out the transfer stuff and when the buyer gives the Thumbs up to escrow.com to release the $$

[theinvestor]

Ian,

So how is it escrow then ? Does that mean the buyer gets the domain before the money is released ? What happens if he does not release ?

[themasterx]

- Buyer sends money to escrow.
- Escrow confirm the money has been received and tell the seller he can transfer the domain.

- Seller transfers domain to buyer and tells escrow it has been sent.
-Buyer confirms domain has been received to escrow.
- Escrow give everything a quick look over for a few hours .

Transaction is marked as complete and Escrow release the funds to the seller.

Issues can be buyer saying the domain was not received, if this ever happens (with .ca ) keep the email confirmation of registrant transfer showing you did complete the transfer (aswell as start it).
Then contact Escrow to not release funds back to the buyer. I've not heard of this ever happening though.

Escrows system is fairly secure and fast for what it is , any flaws rest in the users and their intentions.

[Rebel.com]

so how does escrow confirm if both buyer and seller are individuals and the whois information is masked by CIRA? Has anyone actually used escrow.com since CIRA implemented their whois privacy?

[DropWizard.com]

Originally Posted by Rebel.com

so how does escrow confirm if both buyer and seller are individuals and the whois information is masked by CIRA? Has anyone actually used escrow.com since CIRA implemented their whois privacy?

The domain owner would have to remove the privacy settings. As well as the purchaser. That should be written into the agreement. However the final cira email should be proof enough if the buyer doesn't acknowledge receipt. (and there have been cases where they haven't)

I used it for ca domains with no problems. The only problems I've ever heard of is non-acknowledgement and Escrow will act if the purchaser doesn't confirm and send the money to the seller anyway.

But one case where a company got hold of a domain and then claimed they had a trademark on it and threatened to sue. Escrow folded and sent the money back leaving the domain owner without either domain or dollars.

[theinvestor]

So do i have to take off privacy settings then?

Or will the transaction still go through ?

[fwdtech]

the only negative is that they only process in US funds.
So, the buyer pays for an exchange rate, and the seller does the same.

myid.ca has been offering escrow for a long time.
Has anyone used myid?

[theinvestor]

I don't have that issue. I withdraw via check in US funds, i have a US bank account..but regardless....you have to eventually exchange in CAN$ if you want to spend it.

[DomainsInc]

escrow.com has nothing to do with the actual transfer. they just handle the money. seller verifies they have transfered the domain to buyer, buyer verifies they have recieved the domain, thats it.

[DropWizard.com]

Originally Posted by fwdtech

myid.ca has been offering escrow for a long time.
Has anyone used myid?

Yeah trust your money to a known bunch of thieves

[QueenMother]

I only use Escrow.com....It is the only place I know that there are no charge back issues.

[GOff]

Originally Posted by Rebel.com

so how does escrow confirm if both buyer and seller are individuals and the whois information is masked by CIRA? Has anyone actually used escrow.com since CIRA implemented their whois privacy?

I finished an escrow deal for a dot ca 2 days ago, took 3 weeks appx. My concern through the entire transaction was if she would confirm ownership. Every step she took 3-5 days to 'click'. but confirming ownership she did the morning after.

I do see an issue with the privacy on .ca though when having to prove it went through.

The buyer does have full control of the domain before confirming ownership. So in a 3,4,5 or more thousand dollar sale some buyers may take the hit on cancelling a transaction even after getting the domain. I'm curious to know what escrow does in these cases when they can't confirm ownership through whois.

[dominator]

sorry, but i don't understand why you use escrow.com

escrow.com is not escrow

moniker escrow is escrow
and sedo escrow is escrow

the domain must be transferred to the escrow provider, not to the buyer
otherwise there is no security

[GOff]

valid point dominator but the buyer usually suggests escrow.com... i prefer moniker and don't mind sedo

[Irish31]

Originally Posted by lionfish

I use MyID for all my .ca domain transfers and I have nothing but great praise for these folks. It is hands down the best escrow service for .ca domains and they use the same escrow service in their auctions.

The advantages I found are as follows:

a) They complete transactions in CAD and pay in CAD
b) Transactions are complete very very fast. I usually get funds transferred to my account within 24 hours (sometimes within 3 hours) of my having approved the transfer.
c) They are very secure. They verify both seller and buyer info (same way they do with their auction).
d) They accept only secure funds and so there is no place for chargebacks. Buyers can pay via wire, TD bank transfer, direct deposit, Interac, and hyperwallet. In 5 years so far, there has been zero incident.
e) They transfer funds electronically via Interac, TD bank transfer, or hyperwallet.
f) They guarantee the escrow transactions to all users.
g) They are a .ca registrar themselves and so have access to whois info (despite privacy). Furthermore, and as the domain to be transferred must first be transferred to MyID (again as they now do in their auctions), they have the ability to confirm every step of the way and so there is never risk for confusion.

Whenever I get a transaction finalized with a buyer, I insist on using MyID as the escrow agent. You simply cannot beat not paying exchange fees, having a transaction fully secured with no potential for chargeback, and getting your funds in hours instead of weeks. And their support is absolutely fabulous. And I never had a buyer object to using them. Sometimes, they would want to use escrow.com because they are already setup there but when I explain to them the advantages from my end, they would agree to use them.

For .com transfers, I use Moniker. I strongly believe that the escrow agent must be the domain registrar as well as this eliminates all kinds of issues. Hence it is MyID for .ca domains and Moniker for .com domains.

I noted above what seems to be a very strong statement from DW regarding MyID. This is now the second registrar that I see DW attacking in less than 24 hours. I have nothing but great things to say about MyID and recommend them without reservation. However, I will now review all other threads regarding DW attack on MyID and will comment further.

I definitely value some of the information you have listed in the forums over the last few days, however some of your posts feel more like sales pitches / mission statements for registrars.

Maybe you are just a really "peepy" guy? : )