Tell Me How Escrow.com Works

[sashas]

I've never used Escrow before. I've always had smaller sales that were taken care of by Paypal

However, I'm closing a deal soon that is a larger amount and I will need to use Escrow.

Can anybody explain how their system works for domains?

Thanks in advance guys. Rep added to all helpful responses

 

[jungle]

Sasha...this is what i know hope it will be helpfull.
Both parties agree to terms of the transaction, which includes the domain name(s) and sale price.

The Buyer submits a payment, selecting wire transfer or in some cases PayPal, credit card (American Express, Discover, MasterCard and Visa) or check/money order. Escrow.com verifies good funds and updates the website to prompt the seller to transfer the domain.

When Escrow.com can verify the domain has been transferred to the Buyer and the inspection period has ended, the Seller is paid. The transaction is complete.

Goodluck....

 

[andema]

I want to know too.

 

[Krossat]

Hi Sasha,

you can also check the following

https://www.escrow.com/support/faq/index.asp?sid=9

Its the FAQ section for domain related queries.

hth

 

[sashas]

Thanks guys. Rep added to all.

Do you guys know how long it takes to actually get the money?

Also, what would you prefer? Wire Transfer, or Escrow?