Escrow.com selling. Slightly unsure of a few things..

[rupert]

Ok, I'm a little bit unclear about selling through Escrow.com.


Can I firstly just clarify the steps:

So firstly the buyer and the seller agree on the transaction details, (i.e. the price, who pays fees, and the inspection time).

Next the buyer pays Escrow.com.

When payment is received and approved/secured by Escrow.com, the domain transfer can begin.

Finally, once the domain is received by the buyer, (and once they've 'inspected' it), they sign into Escrow and confirm that the domain has been received.

Escrow then releases the funds to the seller.



Also, my question is HOW does the seller transfer the domain to the buyer?
Does the seller just unlock the domain and email the buyer with the Authcode?




Thanks.

 

[DomainLobe]

Your outline of the steps involved is accurate.

I usually convince the Buyer to create an account at the Registrar the domain is held. It is usually much faster to 'push' the domain to another account at the same Registrar rather than 'transfer' the domain to another Registrar.

At certain Registrars an active 'pull' from the Buyer is required and usually necessitates they have the Authorization Code.

Don't worry though as Escrow.com has already secured the payment from the Buyer and can verify the change in Whois information.
I have never had any problems.
Anyone else?

 

[rupert]

Allright, thanks.