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escrow.com or PayPal.com for domains sale?

by alexts
15 replies
I have received fairly large offer for few dozens of domains that I own.
Since it is first time I am dealing with this type of transaction, would you recommend escrow.com or paypal.com and why?

I have never used escrow.com but heard a lot of good things about it.
How would you rate? I am a little nervous about chargebacks after domain has been already transferred.
How does escrow protect seller from chargebacks?


Thanks,

Alex
#domains #escrowcom #paypalcom #sale
  • Profile picture of the author Josh Anderson
    PayPal provides you NO protection.

    Only a trusted escrow service will provide you protection.
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  • Profile picture of the author webpromotions
    Definitely use some kind of escrow service for domain sales.

    Using Paypal for that is like laying out a welcome mat for fraudsters.
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  • Profile picture of the author Darla
    Do NOT use paypal.

    I recently had my PR 3 site RIPPED off by a fraudulent buyer. The buyer paid the agreed upon price through paypal and REVERSED payment after I had transferred the domain name. Paypal offered NO recourse whatsoever. It was an absolute nightmare and I had to sit helplessly and watch my entire site get ripped off right under my nose.

    Use Escrow.com or some trusted escrow service that will provide protection and stay away from PayPal for these kinds of transactions!
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    • Profile picture of the author Biggy Fat
      Originally Posted by Darla View Post

      Do NOT use paypal.

      I recently had my PR 3 site RIPPED off by a fraudulent buyer. The buyer paid the agreed upon price through paypal and REVERSED payment after I had transferred the domain name. Paypal offered NO recourse whatsoever. It was an absolute nightmare and I had to sit helplessly and watch my entire site get ripped off right under my nose.

      Use Escrow.com or some trusted escrow service that will provide protection and stay away from PayPal for these kinds of transactions!
      Couldn't have said that ANY better.
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    • Profile picture of the author donhx
      Originally Posted by Darla View Post

      Do NOT use paypal.

      I recently had my PR 3 site RIPPED off by a fraudulent buyer. The buyer paid the agreed upon price through paypal and REVERSED payment after I had transferred the domain name. Paypal offered NO recourse whatsoever. It was an absolute nightmare and I had to sit helplessly and watch my entire site get ripped off right under my nose.
      This is off-topic perhaps... sorry. But I am very curious if you had recourse through ICANN. I thought they handled ownership disputes. If you have records where buyers said they were purchasing, but canceled payment and kept the domain name, that's fraud. ICANN will restore it to you if they find in your favor. Did you go that route?
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  • Profile picture of the author nonamewm666
    I used escrow , and its good , i was happy with them , of course if they charge cheaper and it is even better.
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  • Profile picture of the author QuinNguyen
    For the love of ***, please use escrow. The fee may be a bit deeper but worth it. Paypal provided no protection whatsoever. I have lost over $200 in chargeback -_-
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  • Profile picture of the author dave147
    Escrow of course!!!
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  • Profile picture of the author Always-A-Warrior
    I've done a few domain name deals through Escrow and I highly recommend them. It takes longer then PP but security is good.
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  • Profile picture of the author SeanIM
    I've used both paypal, escrow.com and moniker.com's escrow service...

    My general rule of thumb is for domain sales of 1-2k and under from a US based buyer, I don't mind using paypal. For everything above 2k go with escrow.com or moniker's escrow service.

    I used escrow.com to sell a domain for over 30k...worked fine but no personal touch.

    When I sold another domain for a little over 5k I went with Moniker and got a *very* personal touch with their staff (and the owner, but likely because I'm a friend of a friend of the owner)...regardless Moniker has top-notch customer service and is very domain-centric in their business whereas escrow.com is kind of a catch-all service.

    Hope this helps.

    S
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  • Profile picture of the author bestitrix
    Ask the buyer if he/she is willing to split the escrow fee between the two of you so you can save some money.
    And like Sen IM stated, never use Paypal if the transaction is very large because there are so many scam artists out there.
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  • Profile picture of the author Gene Pimentel
    I use paypal only when I'm selling the domain to someone I believe I can trust. Otherwise I use escrow.com and love their service. The fees are very reasonable. I usually create the transaction with the option to split the fee between buyer and seller. I have never had a complaint when doing this.
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  • Profile picture of the author paulie888
    For me personally, it'd depend on the transaction price for the domain. If it was anything below $1k, I'd just go with Paypal. Anything above that would probably warrant using escrow.com .

    Above all, use your own discretion in dealing with the prospective buyers. If they sound overly inquisitive, ask lots of questions and have a suspicious overall tone in their inquiry, then you may want to exercise caution with them even if the transaction price is below $1k.
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    • Profile picture of the author kevin campbelle
      I was just researching escrow.com, moniker and escrodns.com for very large transactions. Escrow lets the seller and buyer do the domain transfer part on their own, while moniker and escrowdns takes control of the domain and funds and then disperse it to the respective parties.

      I see that there is a loophole in escrow.com where you as the seller can transfer a domain name to the buyer and then the buyer upon receiving can change the whois information back to the seller's name or any other name and claim that they did not receive the domain name and they can get back their money held in escrow.com as well as the domain name.

      Escrow.com seems to have a license for a large number of US states (important to some people and businesses) and are well known to a lot of people and businesses. Moniker may not be so well known and escrowdns are relatively new.

      For people like Sean and Gene it seems like Escrow.com has worked well especially in Sean's case of a 30k+ domain sale. Are there any others who have had the above scenario happen to them or someone they know?

      Are buyers comfortable using moniker and escrowdns in place of escrow.com?
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  • Profile picture of the author alexts
    Thank you for all you responses. I am initiating transfer with escrow.com. Buyer is not US based and it looks like escrow.com will take credit card only, not PayPal.
    Question, how does escrow.com protect you better then paypal?
    Did anyone ever have any disputes/chargebacks using escrow.com during domain transfer process? How did it resolve?
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