NameSilo

Almost lost a deal because of escrow.com

Located in Escrow Service Reviews, started by BrandKart, Mar 30, 2017

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2,347

  1. Domain Monk

    Domain Monk Mindful Domaining VIP

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    The buyer and I agreed to do the transaction via escrow.com; buyer submitted the payment, the payment was pending approval for 1 week, they never notified me about this, after contacting support I learned that escrow declined the payment and they requested the buyer to pay again. Buyer paid it again but still it was pending verification, at last, we have to cancel the escrow and do it via PayPal. Now again my another transaction is pending approval...god knows what's going to happen :(
     
    Last edited: Mar 30, 2017
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  2. Paul123

    Paul123 Established Member

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    Don't do it though PayPal whatever you do. Stick with escrow until you know the funds have cleared. If the funds don't clear there's a reason why.

    Just saying.

    Best,
    Paul
     
  3. uglydork

    uglydork Top Contributor VIP

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  4. AIS01

    AIS01 domainer VIP

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    Paypal transaction is pending..why ?? you reached your paypal limit ??

    and I hope Your Transaction will be Cleared As soon as possible...:xf.smile:
     
  5. AIS01

    AIS01 domainer VIP

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  6. uglydork

    uglydork Top Contributor VIP

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    Click on the link I provided and read
     
  7. Kuffy

    Kuffy Name Stag VIP

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    I trhought people were switching to Payoneer and giving up on the scammers friend - PayPal.
     
  8. AIS01

    AIS01 domainer VIP

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    oho.. you mean this same person ''arunas''. very big scammer i think..
     
  9. AIS01

    AIS01 domainer VIP

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    100% right thought..:xf.smile:
     
  10. MapleDots

    MapleDots Top Contributor VIP

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    I have my own credit card processing account.
    You buy from me and I process it myself.
    I confirm whois and make you sign a bill of sale to authorize the credit card charge.

    If you do any volume at all I recommend doing it this way.
     
  11. Mauli Fry

    Mauli Fry Established Member Escrow.com

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    Hi Namefork,

    Please send me a private message here or an email to [email protected] and I will help you with your escrow.com transaction.

    Thank you,
    Mauli
     
  12. Domain_hunter

    Domain_hunter Account Closed

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    Use paypal service pay .
     
  13. 4pm

    4pm user VIP

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    i almost lost $2.5K sale with Payoneer. was not using their escrow service, just a plain simple payment from buyer to seller, with domain already transferred, buyer paid, payment rejected.... same stuff - give us your passport, your bills, wheres your linkedin account with services/goods you offer, passport again, tell us more about what you do, whats your website where customers can find you, all that not sufficient, give us more identity stuff, send us full screenshots of your and your buyer's emails discussing the sale (!)... on the buyer side they wanted a copy of a voided check to verify his identity... and that was a juridical entity. quite a wealthy one. fully represented on the web.

    i ended up with direct wire transfer and closing my Payoneer acc... nothing will ever make me use this crappy "payment services" including Payoneer again. nothing. they suck. all of them. Payoneer sucks even more than Paypal, in my short but shocking experience.
     
  14. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    Payoneer asking for Linkedin accounts, and social media profiles, this sounds very far reaching, I am speechless. I have never seen any online company reach this far, You are serious?
     
  15. 4pm

    4pm user VIP

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    yes i am. i even explained in detail how domain selling works. i do no have a linkedin acc, no do i have fb or twitter so they probably thought i was an isil terrorist laundering money with a help of an established US non profit...

    from thier 3rd or 4th email requesting more info for the payment to be accepted:

    "Thank you for providing us the information, however, the information is not sufficient. In order to review your Payment Request #xxxxxx. Please provide us the following information:

    - A Social Media/Marketplace profile link (Upwork, Sedo, Linkedin, etc.) of yourself that your potential customers can find you to see your products/services offered.
    - Full screenshots of relevant communication via chat or email with xxxxxx when you are agreeing about the product/service provided.
    "

    so if you are not in US, dont have linkedin page, a website, and dont disclose your private emails and chats with a buyer you are in a wrong boat. with Payoneer.

    never had that kind of problems with escrow.com and sedo. not even with paypal for small payments.
    never used scrill, but something tells me that would be the same mess with anything over $50...
    im under impression that all those "payment services" guys are mostly for freelancers selling $5 logos and $20 wordpress themes. anything else - you got problems and anti-terror checks from
    "Mikey
    Payment Department
    "

    Mikey... not even a family name there in his replies... just call me Mikey from Payoneer... how cool and relaxing when some Mikey tells you you cant get your $2.5K because you dont have linkedin. fuck you Mikey, i wont send you my payments unless i know your full name, your street address and have a copy of bills for your underpants on file...
     
    Last edited: Mar 30, 2017
  16. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    Wow, that sounds frustrating, I am sorry that happend to you, @Brandon Abbey might be able to help you figure out what went wrong. I mean we live in a very diverse world, where someone in India who at one point could probably make a few $ a day, now has the potential to make hundreds of dollars a day utilizing their skills in a web marketplace accessible by all, some of these emerging markets is where many new sales will be coming from, we shouldn't be closing the door on them.
     
  17. 4pm

    4pm user VIP

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    just got it 10 min ago after several days on hold for my request to close the acc:

    "Thank you for confirming the requested information. Your account has been closed. We are sorry to see you go. Should you ever wish to re-open your account, please do not hesitate to contact us back at your earliest convenience.

    Sincerely,
    Alex

    Customer Care"

    thanks Alex. you have my full name, my passport, my banking account, my email, my website. and you on your part aint even thinking it would be appropriate to share your surname with me... are you a fucking secret agency?

    sedo and escrow.com. nothing else for $1K+ from now on for me.
    play your spy games with someone else...
     
  18. Brandon Abbey

    Brandon Abbey Retired PRO VIP ICA Member ★★★★★★★★★★

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    Sending funds from individual to individual is a lot different than using an escrow company for a transaction. This requires an advanced form of verification. The Treasury Department's Financial Crimes Enforcement Network (FinCEN) has the power to punish compliance officers and other individuals for their company's anti-money laundering control failures under the Bank Secrecy Act. A few years ago an individual at MoneyGram was subject to a $1 million fine. With a domain sale there is a record of the transaction and an ability to verify it. These requirements are strictly enforced as necessary and I hope everyone can appreciate they are there to protect you.

    If anyone has an issue with Payoneer Escrow please bring it to my attention either here, PM or to [email protected]

    Thanks and best regards,

    Brandon
     
  19. Kate

    Kate Domainosaurus Rex VIP ★★★★★★★★★★

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    Welcome to America, where businesses must start behaving like TSA...
     
  20. johname

    johname Planet Futbol VIP ★★★★★★★★★★

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    Who paid the escrow penalty for canceling the escrow?

    Every so often a client will tell me they paid, then had to pay a second time with a different card.
     
  21. DNWon

    DNWon eCommerce Branding Specialist VIP

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    I heard that a thorough pat down is also required to buy a domain now too!
    Some of you might prefer that though...:xf.wink:
     
  22. Brandon Abbey

    Brandon Abbey Retired PRO VIP ICA Member ★★★★★★★★★★

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    If you are using Payoneer Escrow and a transaction cancels after payment has been made we do not charge an escrow fee. The buyers funds are reimbursed.
     
  23. wwwweb

    wwwweb Top Contributor VIP ★★★★★★★★★★

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    So what happens to your information now that the account is closed, is it destroyed?
     
  24. 4pm

    4pm user VIP

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    no idea, to be frank. need to check there ToS and user agreement. in any case i believe it cant be reliably verified even if they claim they destroy everything, db entries and doc scans... hope they have their data encrypted and securely stored. idont see why they would be less secure than my bank or sedo, for example. i hope so..
     
  25. MapleDots

    MapleDots Top Contributor VIP

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    I don't think they can destroy the information for at least 8 years because if anything ever goes to legal they need to have the evidence to back up the transactions.

    I would be shocked if they deleted the information any sooner. In most cases (like everything) expect the information you give out to stay on servers indefinitely.
     

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