What is the difference between Escrow and Sedo Escrow.

[geek]

A domain owner wanted to sell his domain to me. He insisting on using Sedo Escrow. What is the difference between Escrow.com and Sedo Escrow? I only purchase domain via Escrow.com before but not Sedo Escrow. Are they the same? Is the fee same?

 

[Keynes]

There are two primary differences:
1) Sedo levies a 10% flat fee on the seller, where Escrow has variable transaction fees that can be incurred by buyer, seller or 50/50 split
2) Sedo has a "true" escrow where they hold the domain as a 3rd party until the financial transaction clears

 

[Aggro]

2) Sedo has a "true" escrow where they hold the domain as a 3rd party until the financial transaction clears

Is it for ALL cases nowadays ie. is it co policy?

A few months ago, had to wait for confirmation from buyer that domain was under their control - sedo did no "escrow" wahtsoever - even when I created an a/c with sedo details in the WHOIS and emailed sedo the pw/username so that they had control of the domain.

 

[AdoptableDomains]

Is it for ALL cases nowadays ie. is it co policy?

A few months ago, had to wait for confirmation from buyer that domain was under their control - sedo did no "escrow" wahtsoever - even when I created an a/c with sedo details in the WHOIS and emailed sedo the pw/username so that they had control of the domain.

As I understand, it is only the registrars listed on their site when you close at which they have an account. I think if you use some off-the-wall registrar, you may still transfer direct to the buyer. However, their list would cover a majority of the popular registrars.

 

[geek]

Is Sedo Escrow as safe as Escrow.com? Since there is a 10% flat fee on the seller, why the seller insisted in using Sedo Escrow than Escrow.com? So there's no difference to the buyer right?

 

[AdoptableDomains]

Is Sedo Escrow as safe as Escrow.com? Since there is a 10% flat fee on the seller, why the seller insisted in using Sedo Escrow than Escrow.com? So there's no difference to the buyer right?

Sedo is NOT a flat 10% on all TLD's. They also have a minimum charge as does sedo if not parked there. Check both based on the situation at hand before deciding which is best. Sedo always has the seller pay the fee. Escrow.com is optional based on the agreement. Either way works well as long as you figure what your net price is before accepting an offer. Sometimes buyers feel better if they don't pay the fee, even if they pay a little more. Other times they may feel like they have more control by paying the fee (even though the escrow service is impartial).

I use both freguently, and both are reputable. Just make sure you do NOTHING before being instructed to do so. Also, log into the websites for updates instead of trusting emails which ~could~ be forged.

 

[Ronald Regging]

I think Sedo is more secure if you're using a registrar where they hold an account. If I ever sold a high value domain, I would insist on Sedo over Escrow also. I've heard too many stories about Escrow where the buyer gets the domain, only changes the email address in the contact info (to like a free Yahoo email) and claims they never recieved the domain. Since Escrow never actually takes control of the domain, it's hard for you to prove that the buyer got the domain. Escrow only attempts to verify the transfer after-the-fact through the Whois info... If the whois info hasn't been changed aside from a new email address, you have to attempt to prove that you sent it. Too much hassle in my opinion. For being Escrow.com, they certainly need to look up the definition of Escrow...