Question about Payoneer Escrow?

[peace800]

What happens during the Payoneer Escrow process when a buyer buys a domain which is in its 60 day lock?

Obviously it can be pushed into the new buyers account if he is registered with the same registrar as the seller but how does Payoneer oversee this process from payment until transfer etc?

Thanks

 

[Kuffy]

It is my understanding that if an escrow company wants to take control of the name, then there would be a 2 year extension and problems with locking. What usually happens is that the buyer pays the escrow company who notifies the seller when funds are received. The seller then frees the name for transfer, and when the buyer receives the name,he notifies the escrow compnay, and they can release the fees.

It's a bit different with a registrar escrow sale between accounts, and Name Silo offers this. If the name is offered for sale at a fixed price in their market price, then the buyer gets an instant transfer on sending cleared funds. The seller doesn't know about it until he reads his emails or logs in.

Please correct me if I am wrong

 

[peace800]

I'm sorry I think you misread my question. I was asking if a newly bought domain in a 60 day transfer lock is sold within this lock how does Payoneer Escrow confirm transfer.

Obviously there will be no transfer code and the seller will have to tell the buyer to make an account at the sellers register so that it can be pushed.

How does Payoneer Escrow get confirmation that the domain has been pushed into the buyers account so that the funds can be released to the seller?

 

[Kuffy]

As mentioned in my post, the buyer tells the escrow company.

 

[Haykay2005]

As mentioned in my post, the buyer tells the escrow company.

You still Dont get his questions. He wants to know the contribution of an escrow company when the domain is under a 60 day lock and the buyer insist on transfer.

 

[Kuffy]

You still Dont get his questions. He wants to know the contribution of an escrow company when the domain is under a 60 day lock and the buyer insist on transfer.

You still don't get the answer. The escrow doesn't pay until the name is transferred. Either wait for the end of the 60 days, or accept a push. Why would either party enter into the contract if the name can't be transferred?