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Domain Discussion
General Domain Name Discussion
Marketplace sales vs escrow service?
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<blockquote data-quote="i463215" data-source="post: 2286106" data-attributes="member: 322953948"><p>Correct me, if wrong but it’s my understanding that domain name escrow involves collecting the money, from the buyer and disbursing the money to the seller, after domain is transferred to buyer.</p><p></p><p>That said, my head scratching started, after asking a marketplace, if I sold domain there, did it include escrow service. To which, they said “not technically” and pointed me to their sales process, which says “buyer submits payment...Marketplace moves domain to the buyer and sale proceeds to the seller.”, which sounds a lot like escrow plus concierge service, as described earlier.</p><p></p><p>When I asked them, how is this different from escrow service? They repeatedly said, “it’s our sales process”.</p></blockquote><p></p>
[QUOTE="i463215, post: 2286106, member: 322953948"] Correct me, if wrong but it’s my understanding that domain name escrow involves collecting the money, from the buyer and disbursing the money to the seller, after domain is transferred to buyer. That said, my head scratching started, after asking a marketplace, if I sold domain there, did it include escrow service. To which, they said “not technically” and pointed me to their sales process, which says “buyer submits payment...Marketplace moves domain to the buyer and sale proceeds to the seller.”, which sounds a lot like escrow plus concierge service, as described earlier. When I asked them, how is this different from escrow service? They repeatedly said, “it’s our sales process”. [/QUOTE]
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Marketplace sales vs escrow service?
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