Escrow.com and Impulse buying

[AMRO1001]

for the second time in less than 2 month someone initiates a transaction for domain names priced less than $2000 then they do not compelete the transaction.

I am using efty.com landing pages ( buy now) , which leads to escrow.com form.

Both times the users registered with escrow.com but did not continue with the payment..actually I called one of them and he said he did not like to continue

I feel escrow.com registration process and payment method selection can stop the impulse buy for domains less than $2000...

If they just start the payment after they click "Buy Now"...maybe things would have been different now?

what you think? and any options better than escrow.com for domains priced less than $2000?

 

[Cdomains]

ya...now I understand why

Most of us who have been using Escrow/com for years are now avoiding them like the plague.

We are now using Sedo escrow, Epik escrow and Payoneer escrow for our escrow services now.

 

[joro001]

Yep stopped using escrow.com a while ago due to the silly verification requirements and no way i'm trusting them with my documents. In fact I just now refused a sale via escrow.com and explained why. Buyer is more than happy to use Paypal for the deal once I explained why I didn't want to use them.

For a really big transaction i'm yet to decide what service to use, will cross that bridge if and hopefully when it comes.

 

[wwwweb]

My last buyer asked for a different payment method, they had previously used escrow in the past, they were a tech innovator, who buys domains from time to time.

They were worried about having their id out there in case it was hacked.

They did complete via another method, it's sad as I really like using escrow, but I can't now as buyers don't want to continue. It's really frustrating, but not much you can do, these are some very confidential documents to some people.

 

[Cdomains]

buyers don't want to continue

Neither do many domainers.

It is interesting to note that your buyer was in tech.

Anyone who works with computers on a daily basis knows of the dangers associated with information transmitted and stored on computer systems.

The general public only hears of occasional breaches and believes it will never happen to them.

This is only human.

Nobody thinks they will ever be in a car accident or die from cancer, but it has to happen to someone and nobody is immune.

Tech people understand the dangers of a situation where a company asks for and retains sensitive info on their servers, and the dangers of having that information compromised.

Any intelligent and prudent person would avoid the risks of having their personal info exposed to possible theft.

Most domainers are tech savvy enough to know the dangers here.

Asking a domain buyer to upload personal documents to buy a domain is sure to put a serious strain on domain sales, and any service company servicing the domain business who puts its customers in this position is certainly going to feel the effects of this in lost business to competitors who do not require or request customers to provide this information.

 

[Jasonn]

sedo escrow works well, its just too bad you can't set up a transaction yourself. you have to email them and they set it up. otherwise, quick and easy and provides real escrow.

 

[Cdomains]

for the second time in less than 2 month someone initiates a transaction for domain names priced less than $2000 then they do not compelete the transaction.

I am using efty.com landing pages ( buy now) , which leads to escrow.com form.

Both times the users registered with escrow.com but did not continue with the payment..actually I called one of them and he said he did not like to continue

I feel escrow.com registration process and payment method selection can stop the impulse buy for domains less than $2000...

If they just start the payment after they click "Buy Now"...maybe things would have been different now?

what you think? and any options better than escrow.com for domains priced less than $2000?

Check out this thread.

You will see others' experiences with buyers complaining about verification or backing out of deals because of having to provide Escrow/com with verification to buy a domain.

 

[AMRO1001]

sedo escrow works well, its just too bad you can't set up a transaction yourself. you have to email them and they set it up. otherwise, quick and easy and provides real escrow.

Where did you get this tier info?

I had a buyer at $2k, who was asked to verify, and they didn't want to, we had to use a different venue.

when I clicked "Verify My Account", check https://www.escrow.com/verify

 

[wwwweb]

when I clicked "Verify My Account", check https://www.escrow.com/verify

Thank you, for that, it seems escrow has tweaked their settings, as I guess people used other methods of payment.

 

[Cdomains]

its just too bad you can't set up a transaction yourself

Yes, that would make it much better.

Maybe they will change this.

I hope they do.

 

[TampaDomains]

spamming bot would not leave correct phone number / email and answer my calls...

They are pretty advanced these days.

 

[Domain Monk]

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

 

[hookbox]

@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

 

[alcy]

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

 

[AMRO1001]

Check out this thread.

You will see others' experiences with buyers complaining about verification or backing out of deals because of having to provide Escrow/com with verification to buy a domain.

ya...now I understand why

 

[ResoluteDomains]

Most of us who have been using Escrow/com for years are now avoiding them like the plague.

We are now using Sedo escrow, Epik escrow and Payoneer escrow for our escrow services now.

Payoneer wanted the same documents from me that escrow.com wanted so I scratched them off the list. Did they ease up on that requirement?

 

[Cdomains]

Payoneer wanted the same documents from me that escrow.com wanted so I scratched them off the list. Did they ease up on that requirement?

Thanks for the heads up.

Maybe scratch Payoneer if they will be just like Escrow/com.

 

[AMRO1001]

those sales are caused by spamming bots

spamming bot would not leave correct phone number / email and answer my calls...

 

[AMRO1001]

Finally I got a $999 domain sale through Escrow.com via Efty software, I was smoothly being verified as Tier 1, no documents were asked, just basic info about me, Tier 1 is good for up top $3000 transactions ...

I think they improved their process

 

[AMRO1001]

Did they require a photo ID to verify the birthdate?

Tier 1 does not need photo ID..just fill the form...maybe this recent modification?..

 

[TampaDomains]

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

 

[ResoluteDomains]

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

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.

 

[ResoluteDomains]

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.

I read that as well.

 

[frank-germany]

for the second time in less than 2 month someone initiates a transaction for domain names priced less than $2000 then they do not compelete the transaction.

I am using efty.com landing pages ( buy now) , which leads to escrow.com form.

Both times the users registered with escrow.com but did not continue with the payment..actually I called one of them and he said he did not like to continue

I feel escrow.com registration process and payment method selection can stop the impulse buy for domains less than $2000...

If they just start the payment after they click "Buy Now"...maybe things would have been different now?

what you think? and any options better than escrow.com for domains priced less than $2000?

those sales are caused by spamming bots

 

[wwwweb]

Finally I got a $999 domain sale through Escrow.com via Efty software, I was smoothly being verified as Tier 1, no documents were asked, just basic info about me, Tier 1 is good for up top $3000 transactions ...

I think they improved their process

Where did you get this tier info?

I had a buyer at $2k, who was asked to verify, and they didn't want to, we had to use a different venue.