Escrow.com and Impulse buying

TampaDomains said:

escrow has asked my customers to verify info, send in photo id etc for transactions under 1,000

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Thanks. Gonna steer clear of them for a while until such time that someone from the company addresses these latest changes and why many people are having slow to very slow transactions, even errors.. Too many other choices out there.

Who's the new escrow partner?

alcy said:

send them to godaddy auctions
if they don't pay, they get banned
gl

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Recently I have 2 transactions got failed at Godaddy.com and 4.CN because buyer didn't pay. I am not sure they would get banned or not.

I thought escrow is only doing Id verify for transactions over $3K?

i had 2 deals fall apart and it wasn't escrow and the funny thing is they were both for $2k - i guess some just get cold feet

One from SEDO and the other GD

My buyer paid and escrow not accepting the payment..Escrow.com is a serious nightmare ... this is my last time with them

im assuming escrow had to step up their verification due to fraud payments. just my guess

one bad apple spoils the bunch

namefork said:

My buyer paid and escrow not accepting the payment..Escrow.com is a serious nightmare ... this is my last time with them

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how much was the payment for, what is the reason for not accepting?

It took me less than 30 mins to get verified with photo ID at Escrow. That's from the time I filled out the form and sent it to the time I received the email saying I was verified. I did this as the seller of a name. I thought "what's everyone moaning about"? But my buyer seemed to have no end of grief getting verified. It was a sale over 3K so maybe that was something to do with it, but the buyer only stayed with it because the broker was very persuasive. Clearly Escrow.coms verification process is losing business but I highly suspect the vast majority of the issues are as a result of the incorrect information being sent, the forms being incorrectly filled out or some other fault of the individual trying to get verified.

urlurl said:

im assuming escrow had to step up their verification due to fraud payments. just my guess

one bad apple spoils the bunch

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Last times these guys from escrow dint accept a payment from an auditor who was my client, atlast i have to convince him to use paypal, its been 7 months and i have no problem. Seriously guys escrow is a night mare..yea i do hear from some deals they accept a transaction fast .. u will never know when they will _____ u up

wwwweb said:

how much was the payment for, what is the reason for not accepting?

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its was High XXX transition this time... the reason is stupid verification system they have... they need every crap details till they can make the buyer loose interest on the domain

namefork said:

its was High XXX transition this time... the reason is stupid verification system they have... they need every crap details till they can make the buyer loose interest on the domain

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Thing is they were not asking for id verification for transactions below $3K, read above?

wwwweb said:

Thing is they were not asking for id verification for transactions below $3K, read above?

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They are asking now, it's a high xxx deal and iam going through this right now

I wish a rep from the company would come here and straighten all of this out. Have they or have they not relaxed the requirements for sales under 3,000 USD and where can we find that information on their site. I just looked and I cant find any information about requirements for the sale - but its been a long day for me so maybe I missed it.

I Lost the deal high XXX , after sending outbound, research, negotiating, agreeing. There comes a nightmare escrow.com throwing my deal away due to some crap buyer verification system. The reason they not approving the payment because they want the address in paypal and escrow match...first they told me the buyer is already verfied and now they giving me all this.seriously buyer lost interest with the procedure and stop responding and i lose the deal...Good bye escrow.com

namefork said:

I Lost the deal high XXX , after sending outbound, research, negotiating, agreeing. There comes a nightmare escrow.com throwing my deal away due to some crap buyer verification system. The reason they not approving the payment because they want the address in paypal and escrow match...first they told me the buyer is already verfied and now they giving me all this.seriously buyer lost interest with the procedure and stop responding and i lose the deal...Good bye escrow.com

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Sorry to hear this.

urlurl said:

im assuming escrow had to step up their verification due to fraud payments. just my guess

one bad apple spoils the bunch

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No, I swear I read somewhere on here from Escrow.com themselves that this is being done to prevent money laundering and fight international terrorism. Apparently Escrow.com is going to save the world.

Except in the process, the domainer body count continues to grow.

forge said:

No, I swear I read somewhere on here from Escrow.com themselves that this is being done to prevent money laundering and fight international terrorism. Apparently Escrow.com is going to save the world.

Except in the process, the domainer body count continues to grow.

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I read that as well.

@Jackson Elsegood

Have you relaxed on some of your requirements for sales under $3,000? Can you please answer some of the questions brought up in this thread. Thanks