escrow.com problem ,advice needed pls

[domaingenius]

OK this relates to a .co.uk domain and not a .com. Buyer has uploaded funds
to escrow.com. There is of course a name and address the domain has to be
transferred into. Here's the problem. I can log into the Nominet (Registry)
and transfer the domain name BUT the system works that I only give the email
address of the buyer and the buyer then enters his own details. This means in
effect I am on a limb in that the buyer could, not saying he would, enter different
details to those on escrow.com and plead he had not recieved the domain.

Any suggestions as I am stumped ??

Thanks
DG

 

[shenron]

Isn't there a way for you to enter the details yourself? I mean any way?
Did you contact Nominet support?

 

[domaingenius]

Isn't there a way for you to enter the details yourself? I mean any way?
Did you contact Nominet support?

Nope there is no way to do it, it only lets you enter the email address of the
new registrant/buyer ,then Nominet send email to them and they have to
complete the name and address etc that they want on the domain.

DG

 

[stewie]

just re read your post ... is the email listed on the escrow.com deal the same as the email you are transfering the domain to???

 

[Domagon]

Escrow.com involves some trust of the parties. They hold the funds not the domain.

Most often a scammer won't bother funding an escrow, and thus is why escrow.com is "safe enough" for most deals.

However, with most any domain, even .COMs, escrow.com involves some potential risk of the buyer changing the whois to something else; claiming they didn't get it.

As with any deal, escrow or not, it's important to research the other party ...

Is the buyer a forum member anywhere, an end-user, are they in the UK, etc ... does their postal address / phone appear legit ... if you still feel uncomfortable, you could call the buyer (best to forewarn them first via email if the domain is of a sensitive nature) and talk with them a bit for more reassurance.

If still unsure, then you may want to consider sending the buyer a paper contract - one copy to sign and return, the other to keep - that method works best if you're both located in the same country.

Ron

 

[domaingenius]

just re read your post ... is the email listed on the escrow.com deal the same as the email you are transfering the domain to???

Yes, in fact deal is now done and completed, but it leaves
seller on a limb really if escrow.com went by the book.

DG

Escrow.com involves some trust of the parties. They hold the funds not the domain.

Most often a scammer won't bother funding an escrow, and thus is why escrow.com is "safe enough" for most deals.

However, with most any domain, even .COMs, escrow.com involves some potential risk of the buyer changing the whois to something else; claiming they didn't get it.

As with any deal, escrow or not, it's important to research the other party ...

Is the buyer a forum member anywhere, an end-user, are they in the UK, etc ... does their postal address / phone appear legit ... if you still feel uncomfortable, you could call the buyer (best to forewarn them first via email if the domain is of a sensitive nature) and talk with them a bit for more reassurance.

If still unsure, then you may want to consider sending the buyer a paper contract - one copy to sign and return, the other to keep - that method works best if you're both located in the same country.

Ron

Ron

I note what you say and agree there is always and element of
risk and trust combined. Seems the buyer is more protected than
the seller though. Perhaps the ideal would be domain transferred
to escrow.com and thence onward to buyer ?

Anyway its done now and buyer was legit,thankfully.

DG

 

[dominator]

This means in
effect I am on a limb in that the buyer could, not saying he would, enter different
details to those on escrow.com and plead he had not recieved the domain.

Any suggestions as I am stumped ??
DG

buyers can say that even with .com domains

that is why escrow.com is no escrow

 

[domaingenius]

buyers can say that even with .com domains

that is why escrow.com is no escrow

Yep agreed it is simply a false sense of security ,except for the
buyer who has the best side of it.

DG

 

[Deleted member 5660]

I had this happen with a .com more than once. If you read the ecrow.com agreeement if someone decides to screw you there is an arbitration procedure that you agreed to. I have heard of a case where the transaction started and the buyer disputed things after the domain was transferred ... and then threatened to hold the whole deal up unless the price dropped.

 

[themew]

So, based on these posts, if escrow.com is no escrow, what's the best way to transfer a 5 or 6 digit deal without issues? Use a broker? Use an attorney? Or if possible, fly to the buyer's location and do it in person?

Which if any is best?

 

[dominator]

moniker escrow or sedo escrow

i do not know how they do it with .uk domains
but it works with .com/net/org/info/biz

 

[bocajohnh]

My experience as a Seller using escrow.com has been great. As Domagon stated, just the fact that you are using escrow.com scares most of the scammers away. That's one reason I use them.

If you are doing a name push inside a registrar, and do it right, you have no control of the whois info once it leaves your account and enters the Buyer account. They could have their default info different than what they told the escrow agent, change this domain's whois info when they want to, etc. I always save a copy of the whois before I push to show my info, and then right after I pushed it, within the first few seconds. That way I have a record of the whois when it entered the Buyer's account. Unless they are sitting in their account refreshing every second, they won't have a chance to change the whois info before I get my snapshot.

IMO, you have to use the services that fit your style best. Buy/Sell 20 names using escrow and get a feel for the different systems...

 

[dominator]

if you use a real escrow service (moniker, sedo, etc), you push the domain to the escrow account and not directly to the buyer's one, that's why it's called escrow