domains Escrow.com sees transactions dip by $30 million in Q2 2020

[equity78]

Escrow.com is out with their domain investment index report for Q2 2020. Business was down according to the report. The lowest since 2018. Escrow.com Domain Investment Index Q2 2020 highlights: Total transacted domain names amount dropped from US$85.8 million to US$55.2 million, the lowest seen since 2018. We saw a drop in transactions as the COVID-19 pandemic started to affect domain … [Read more...]

 

[DN_Hunter]

I'm just taking a moment to understand the numbers.

$55.2 MILLION in domain name transactions during the PEAK months of an unprecedented world-wide pandemic (with riots and natural disasters in some parts of the world). Should $55.2 million in domain name transactions, during all the terrible things that happened in Q2, be considered "weak" numbers?

 

[NLP]

Escrow.com got worse and competition got better. Simple as that.

This. I've only used Escrow as a seller, and it not in the last two years, so I was surprised to see the paperwork and personal info required. I understand the need for security measures and verifying people's identity, but they've made it such a headache for even smaller sales that it really isn't worth it.

 

[Internet.Domains]

This. I've only used Escrow as a seller, and it not in the last two years, so I was surprised to see the paperwork and personal info required. I understand the need for security measures and verifying people's identity, but they've made it such a headache for even smaller sales that it really isn't worth it.

If your trading a used diesel truck, use Escrow.com. If your trading a domain, there are much, much better options.

 

[karmaco]

That’s because you can have an easier and smoother transaction just about anywhere else over escrow com. I avoid them and will continue to do so.

Its not just the prove your identity stuff. They are slow to pay and full of excuses. Poor communication between them and their bank etc. Every deal I did there had some payout issue on their end and slow as hell. Never again.

I do suspect the big dogs transactions are handled in a hands on fashion and personal attention and thus they never have to complain. But they do not care about excellence with your garden variety domainer.

 

[golan]

They have come under fire in many circles for their support issues and I wonder how many deals have moved away from them as a result.

Too bad that instead of taking the path of improvement, they are taking the path of unfair pressure on their competitors.

 

[CraigD]

Just an update on a likely cause of this Q2 dip at Escrow.

I was reading an interesting interview of Andrew Rosener the founder of MediaOptions.com in which he states "If you look at the recent Q1 report from Escrow.com, I can tell you that around 35% - 40% of all sales in Q1, conducted at Escrow.com, were from MediaOptions."

 

[tonyk2000]

"If you look at the recent Q1 report from Escrow.com, I can tell you that around 35% - 40% of all sales in Q1, conducted at Escrow.com, were from MediaOptions."

Isn't Panama (where these Media Options are) banned by escrow .com, together with a lot of other nations? Pakistan, Paname, Russia, Ukraine, many African and South American countries, etc... are not welcomed. It also applies to buyers...

 

[Bname.com]

Thanks for sharing.