What Escrow Service Will You Use Now?

[Cdomains]

With the recent changes at Escrow/com asking for extensive ID and other photo verification which domain escrow services are you likely to use in the future, and why?

 

[Addison]

Sedo Transfer Services for external domains sales is 3% of the purchase price: Domain Transfer Service.

That means Sedo is the most expensive on this list for big transactions: 3% gets big fast, when you sell domains for 5+ figures.

I'm considering Payoneer the most seriously.

 

[Jurgen Wolf]

Compare Escrow.com's Concierge commission vs Sedo 3% (where such "concierge" is by default and at no fee)...

 

[Addison]

There's also this problem with Sedo:

Please note: If you reach an agreement outside of our marketplace and the domain is also listed on Sedo's marketplace, then the same commission shall be charged as for sales on the domain marketplace.

If your domains are listed on Sedo and you sell them through a direct email negotiation, you'll still have to pay 10-15% of the sale price in fees.

Compare Escrow.com's Concierge commission vs Sedo 3% (where such "concierge" is by default and at no fee)...

We can't choose to not have concierge at Sedo.
We can choose to not have concierge at Escrow.com.

 

[kriss05]

Sedo external escrow service for me: fast, cheap, PayPal masspayment to disburse funds, good customer support, no photo ids/utility bills/contracts signed in blood etc.

 

[Jurgen Wolf]

Regarding Payoneer...
It is the same system as regular escrow.com
The same direct and risky moves of domains between sellers and buyers...

 

[Jurgen Wolf]

Sedo even resolves for me the Invoice requests from some buyers...
I never did those invoices myself.

 

[SiteMac]

I wish a new , more domainer friendly escrow company would form. They really would get some business fast. The model is there already. Just be what Escrow.com use to be before they got bought.

 

[GoKaizen]

BitRated with Bitcoin?

 

[Raymond C]

Anyone use Bitcoin? Any good?

 

[pokainc]

There's also this problem with Sedo:

If your domains are listed on Sedo and you sell them through a direct email negotiation, you'll still have to pay 10-15% of the sale price in fees.



We can't choose to not have concierge at Sedo.
We can choose to not have concierge at Escrow.com.

@Addison , if someone sends you a direct contact and you reach an agreement. Can't you just remove the listing from Sedo , then initiate escrow with SEDO.com?

 

[Cdomains]

@Addison , if someone sends you a direct contact and you reach an agreement. Can't you just remove the listing from Sedo , then initiate escrow with SEDO.com?

Seems logical and I asked this question before and it was suggested to do that.

 

[pokainc]

Thanks Cdomains. I just checked the Payoneer platform, and even though I was inclining towards SEDO, Payoneer seems really to have a great platform and great fees.

(also can be found on their site's "how to" section)

 

[Jurgen Wolf]

Yes, just remove it from Sedo.

p.s. I don't use their marketplace at all.

 

[Addison]

@Addison , if someone sends you a direct contact and you reach an agreement. Can't you just remove the listing from Sedo , then initiate escrow with SEDO.com?

Seems logical and I asked this question before and it was suggested to do that.

That would be unwise because you're deliberately sidestepping their fee structure that commands you to pay 10-15% in fees to Sedo. That could cost you your entire Sedo account.

Don't take advice from people who don't have to live with the consequences.

 

[JohnnyNight]

Extensive ID..??

Copy of drivers liscense..??

How's that extensive..??

Verify credit card...??

Extensive..??

Took me 30 seconds to send everything to them..

It's to protect you..

They're not going to use the info to come and take you away...

What is your concern..??

 

[kriss05]

@Addison , if someone sends you a direct contact and you reach an agreement. Can't you just remove the listing from Sedo , then initiate escrow with SEDO.com?

I did exactly this, no issues.

 

[Start]

Addison has a good point:

It's understandable why Sedo has this rule, because otherwise, people could browse Sedo and find a good domain, lookup the whois, and then contact the person directly... so that's not fair to Sedo to lose out on their higher agreed-upon commissions.

So if someone does get caught, it would also be understandable if there are consequences (a ban, or whatever).

That would be unwise because you're deliberately sidestepping their fee structure that commands you to pay 10-15% in fees to Sedo. That could cost you your entire Sedo account.

Don't take advice from people who don't have to live with the consequences.

 

[kriss05]

Say my domain is listed at Sedo marketplace and someone approached me privately to buy it. We agreed on price. Now I can go to say Escrow.com as their fee is lower than standard Sedo fee. Or I remove it from Sedo marketplace and let Sedo earn what would Escrow.com earn in first place. Which way will make Sedo happier?

I would say that this way Sedo gets more share of private sales.

 

[Start]

Yeah, but how do you know they didn't find it via Sedo, and then simply checked the whois in order to email you directly?

It's another matter though, if you proactively contact someone and then find a buyer on your own. But otherwise, it's understandable why Sedo has the rules the way they are.


I've never really tried marketplaces like Sedo, Afternic, GoDaddy, etc., so I don't know how useful they are in bringing buyers (been meaning to try it though)... so anyway, I don't have any axe to grind in this issue, I just see why Sedo has that policy.


Also, Escrow.com isn't cheaper (it only is under $25,000)... they are 3.25%, while Sedo's standard fee is 3% (and Sedo's standard process seems to be equivalent to Escrow's "concierge" service which is like over 6%).

 

[kriss05]

I think it doesn't matter how they found it, what matters is how they contact the seller. If they approached via Sedo marketplace - Sedo gets it all. If they approached via email, then it is more up to the seller which marketplace to use.