Yep. I have used them for a number of larger sales. No problems.
I typically only use them for $XX,XXX sales though. I ran through a $70,000 a few years back. I have run through some others around 10k, decent value domain purchases I will use them.
Never had an issue.
Last edited by Barefootsies; 08-29-2010, 03:23 PM.
As CYF and BlackCrayon said escrow.com really isn't an escrow service. The rely on good will. If the domain seller simply changes the whois to look like yours but retains control escrow.com really can't verify. I've never had any issues with them, but moniker.com is a much more secure escrow. On big purchases I honestly won't use escrow.com for the reasons above.
As CYF and BlackCrayon said escrow.com really isn't an escrow service. The rely on good will. If the domain seller simply changes the whois to look like yours but retains control escrow.com really can't verify. I've never had any issues with them, but moniker.com is a much more secure escrow. On big purchases I honestly won't use escrow.com for the reasons above.
Bingo! I personally know of a few situations that have happened like this on Escrow.com
Bingo! I personally know of a few situations that have happened like this on Escrow.com
I'd be interested to know how. The buyer has to confirm receipt of the domain for Escrow to release the funds to the seller, so I can't see how your senario would pan out.
As CYF and BlackCrayon said escrow.com really isn't an escrow service. The rely on good will. If the domain seller simply changes the whois to look like yours but retains control escrow.com really can't verify. I've never had any issues with them, but moniker.com is a much more secure escrow. On big purchases I honestly won't use escrow.com for the reasons above.
This is not correct.
The buyer has to click the received domain link in order for the process to continue. Once the buyer says they are satisfied Escrow releases the money to the seller. In fact on my last sale I didnt change the whois info, I just pushed it to the sellers account. Seller saw it in his account and told them he had it.
The buyer has to click the received domain link in order for the process to continue. Once the buyer says they are satisfied Escrow releases the money to the seller. In fact on my last sale I didnt change the whois info, I just pushed it to the sellers account. Seller saw it in his account and told them he had it.
I have never used their service but could'nt a buyer with fraudulent intentions after having recieved the domain, change the whois info to some unrelated contact info that they control and then say they never got it and thus never click this link you write of?
The money is in escrow already at that point,so payment is secure keep logs and screenshots of the before and after if somebody does scam you have proof to investigate,the registrars also keep logs of the ip that logs in so too many parties involved but ofcourse you never know can happen.
Originally posted by JCK
I have never used their service but could'nt a buyer with fraudulent intentions after having recieved the domain, change the whois info to some unrelated contact info that they control and then say they never got it and thus never click this link you write of?
The money is in escrow already at that point,so payment is secure keep logs and screenshots of the before and after if somebody does scam you have proof to investigate,the registrars also keep logs of the ip that logs in so too many parties involved but ofcourse you never know can happen.
Wait, isn't that the point of using escrow? Now imagine this happens to you on a deal worth $50k. Do you really want to be stressing about this? Believe me fraudsters use these kind of loop holes all the time. Godaddy/paypal bullshit, escrow.com, etc. For $50k you really think they can't match a proxy ip to your location and make it look legitimate as though it was transferred out. Sure the money isn't *yet in the scammers hands, but on big deals I wouldn't want to be left out in the open like that. And spend weeks hammering escrow.com with counter-information, etc.
As I said that is the point of escrow services, and escrow.com seriously seriously fails here. They should have escrow.com accounts at all the major registrars, and take control of both the domain and the money before doing an simultaneous swap on both. You know like moniker does? Or multiple other escrow services do. In truth I can't believe escrow.com still operates the way they do...
I have never used their service but could'nt a buyer with fraudulent intentions after having recieved the domain, change the whois info to some unrelated contact info that they control and then say they never got it and thus never click this link you write of?
Exactly. It goes both ways. Or if the domain owner (fraudster in this case) changes the whois/pushes to another registrar he controls with details reflecting the intended buyer, and then hammers escrow.com over the phone saying the deal is done, and that he/she should receive the money. Then of course escrow.com has to contact the buyer and ask why hasn't he clicked the link as they've been informed the deal is done. And it just becomes a fight from there. As I said, that is something you REALLY don't want to be dealing with on a big purchase. And it is completely avoidable - use a real escrow service.
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