Hi All,
We've been leasing a domain name as the Lessor since June 2015.
The Lessee and we have been using Escrow.com as the third party holder of the domain.
Things had had some minor bumps along the way, but have mostly been stable up thru September of 2018.
We are paid $20,000 per quarter for the lease of the domain. The lease is for 20 years, ending in 2035.
The escrow instructions with Escrow.com specify that Escrow.com shall disburse the funds that it receives on our behalf within one business day.
In December 2018, the Lessee submitted the lease payment to Escrow.com that was received by Escrow.com on December 11, 2018.
We did not receive the funds until January 8, 2019, almost a full month later.
Escrow.com offered various excuses for the untoward delay and committed to smooth future transactions.
The funds for Q1 2019 were transferred by the Lessee on March 21, 2019. The receipt of the funds was acknowledged the same day by Escrow.com.
After multiple letters, back and forth, the fund finally appeared in our accounts on April 2, 2019. Again, the funds were delayed far greater than two business days.
My questions are:
Thanks in advance for any insight that you may be able to provide.
Regards,
Don P
We've been leasing a domain name as the Lessor since June 2015.
The Lessee and we have been using Escrow.com as the third party holder of the domain.
Things had had some minor bumps along the way, but have mostly been stable up thru September of 2018.
We are paid $20,000 per quarter for the lease of the domain. The lease is for 20 years, ending in 2035.
The escrow instructions with Escrow.com specify that Escrow.com shall disburse the funds that it receives on our behalf within one business day.
In December 2018, the Lessee submitted the lease payment to Escrow.com that was received by Escrow.com on December 11, 2018.
We did not receive the funds until January 8, 2019, almost a full month later.
Escrow.com offered various excuses for the untoward delay and committed to smooth future transactions.
The funds for Q1 2019 were transferred by the Lessee on March 21, 2019. The receipt of the funds was acknowledged the same day by Escrow.com.
After multiple letters, back and forth, the fund finally appeared in our accounts on April 2, 2019. Again, the funds were delayed far greater than two business days.
My questions are:
Is anybody else experiencing similar issues with Escrow.com?
Is there any comparable domain holding service out there?
Thanks in advance for any insight that you may be able to provide.
Regards,
Don P
