Selling Domain Name Advice

Escrow site ok?

[carfac]

Hi:

I was just approached by a guy who would like to buy one of my domains. It is a high dollar transaction (6 figure), and I understand the need for an escrow service for both our sakes. The seller wants to use escrow.com as the service. I would like to verify this is a legit escrow service, and that they are capable for high dollar transactions, and that they are a legit site for such a service.

Will this site protect BOTH our intrests? I want to be protected, but I am on the level, so I want to make sure both sides are good with this.

I just need to know that this is legit. there are some escrow service scams going on, just want to make sure.

Dave

[edited by: Webwork at 3:51 am (utc) on Oct. 12, 2006]
[edit reason] Dave, you're the best. Thanks for the courtesy. [/edit]

[Webwork]

Dave, I've used Escrow.com and knowof many others that have used Escrow.com for 5+ figure sales.

You can also use an attorney escrow, whereby the domain and funds are entrusted to an attorney, who assures the deal goes through. Howard Neu, John Berryhill, Ari Goldberger are all recurring names in the domain law realm, though I'm not certain if each handles escrow. Check the names appearing on the WIPO and National Arbitration Forum domain dispute rulings for more candidates.

Moniker also offers domain escrow services.

Good luck with your transaction. Sounds like a good day in the making.

[edited by: Webwork at 3:57 am (utc) on Oct. 12, 2006]

[carfac]

Thank you. It looked legit and all, but with all the fake escrow services, you cannot be too careful!

Yes, a good day indeed! This for me, my framer won an iPod yesterday- life is good!

Dave

[sonny]

ebay approves of escrow.com
[pages.ebay.com...]

[wmuser]

Escrow.com si pretty reliable but you can also use Moniker.com escrow service and they will get buyer sign the paper copy of the the agreement.

[oneguy]

Check this out yourself, but I believe Moniker is better because they take control of the domain in the process. That way, they can verify that they transferred the domain to the new owner and know for certain that they can release the escrow.

Escrow.com leaves the transfer up to the parties and then the buyer verifies. Moniker leaves no room for the buyer to change the whois info and claim that they did not receive the domain. I don't know what would happen with an issue like that at escrow.com. I've never had a problem with that with low 5 figure transactions, but a 6 figure transaction would be a different ballgame for me.

Escrow.com is definitely legit.

[jtara]

I have used escrow.com as well, to handle a mid-5-figure sale. They are pretty flexible, as this included payment to two parties, and allowed the buyer to also acknowledge that they had received site content and were satisfied with same.

I haven't used Moniker's escrow service, but it is of particular interest because it is specifically designed for domain escrows. escrow.com is a more general-purpose escrow service, though they do have a specific procedure in place for handling domain sales.