Escrow.com for deals >5k

[packeted]

Hi guys,
Got a quick question. I'm planning on doing a deal just over 5k in value and was going to go through Escrow.com. I need to pay by credit card/PayPal. Can Escrow still take CC/PP for transactions of this size?

Many thanks!

 

[Theo]

No. They'll do wire.

 

[DomainName]

No deals with CC over $5k I believe. They lose a ton of business with this restriction. I've had deals fall through because the buyer wanted to use CC, but escrow doesn't allow this payment option.

 

[Raider]

I've had deals fall through because the buyer wanted to use CC, but escrow doesn't allow this payment option.

If the buyer really wanted the domain, they would of done a wire.... Perhaps some of the deals that fell through for you were actually Scams, is that possible? You cant blame Escrow.com for the restriction, their simply protecting themselves against CC fraud.

 

[Keynes]

Raider is spot on: Credit cards only open the door for chargebacks, stolen cards and more.

 

[DomainName]

Very true Raider. You do have a point. I just think Escrow should have more than 1 option to pay besides bank wires to give both the buer and the seller options when conducting deals.

 

[Raider]

I just think Escrow should have more than 1 option to pay besides bank wires to give both the buer and the seller options when conducting deals.

Your right, the only option for transactions over 5K is Bank Wire... I dont know what other method of payment they could use without it being reversed... Checks would be subject to hold until it clears, Money Orders/Bank Drafts can be cancelled and Cashiers checks can be cancelled in cases of loss or theft.

 

[Nova]

Anyone know why you can't use PayPal with Escrow.com unless both parties are in the US, including when both are verified? That would make it a lot easier for Escrow.com-averse sellers overseas to receive payment when you're trying to buy from them.