EscrowDNS.com - the new standard

[Rockefeller]

DIS Inc. has just launched a new online escrow service at EscrowDNS.com. The company is insured and currently has several full time employees running the site. Our goal is to have all transactions completed within 24 hours with co-operation from both buyer and seller this is possible. Please give us a try and if you have any questions please feel free to PM me, email [email protected] or call us at (920) 254-8345.

We will also be sponsoring many events at the upcoming domain name conferences! Hope to see you there!

 

[ksinclair]

Can you explain how you are different than Escrow.com? I saw that your process might be completed faster than other escrow services; that is good.

But Escrow.com is established, so there is trust there. Its stable and reliable. It can deal with many different payment methods too, including paypal.

Also, dnf has had threads about what domainers would like to see - have you reviewed those threads? That would be cool if some of the issues were addressed that domainers care about.

Also, I like it when Sedo uses their own domain account at the registrars - so if you push to Sedo then you can get paid sooner; and Sedo can then later push or transfer to the buyer. Do you have a domain account to help facilitate such transfers?

Thanks!

 

[Rockefeller]

Can you explain how you are different than Escrow.com? I saw that your process might be completed faster than other escrow services; that is good.

But Escrow.com is established, so there is trust there. Its stable and reliable. It can deal with many different payment methods too, including paypal.

Also, dnf has had threads about what domainers would like to see - have you reviewed those threads? That would be cool if some of the issues were addressed that domainers care about.

Also, I like it when Sedo uses their own domain account at the registrars - so if you push to Sedo then you can get paid sooner; and Sedo can then later push or transfer to the buyer. Do you have a domain account to help facilitate such transfers?

Thanks!

Thanks for all the questions Kevin. I have reviewed most threads about what domainers want...I know what they want because I am a domainer myself. A domainer will want to use EscrowDNS.com over Escrow.com because of the speed of the transaction, we have all of the safeguards in place that Escrow.com has but we don't have the wait time. Escrow.com currently provides escrow services for just about anything including cars, boats, airplanes, etc..they have 1000s of incoming wires on a daily basis, therefore, transactions can take 3-5 days to be completed.

We do have accounts setup at just about every registrar to facilitate internal domain transfers, we actually recommend using this method as it is the quickest.

 

[copper]

We do have accounts setup at just about every registrar to facilitate internal domain transfers, we actually recommend using this method as it is the quickest.

So, I can push the domain to your acct instead of pushing it to buyer's acct?
If yes, this would be THE most important advantage over escrow.com
This will eliminate another possible scam.

Another question.
Who can cancel the process?
Any fee when canceled?

At escrow.com, some buyer stop communication and I wanted to cancel process,
but, could not since I did not start the escrow. I had to wait 30 days even when
I knew buyer wasn't going to pay up.

At escrow.com, I can cancel process when I start the process.

 

[Rockefeller]

So, I can push the domain to your acct instead of pushing it to buyer's acct?
If yes, this would be THE most important advantage over escrow.com
This will eliminate another possible scam.

Another question.
Who can cancel the process?
Any fee when canceled?

At escrow.com, some buyer stop communication and I wanted to cancel process,
but, could not since I did not start the escrow. I had to wait 30 days even when
I knew buyer wasn't going to pay up.

At escrow.com, I can cancel process when I start the process.

We can cancel the transaction for you as long as long as the other party is okay with it, there is no fee. And yes, we have accounts at all registrars for a speedy transaction.

 

[draggar]

So you get charged if you get scammed? ("as long as the other party is OK with it" - I don't know many scammers who would openly be OK with it).

Other than that, it looks like an improvement over the other services, 4% / $25 fee isn't bad ($600 transaction to be worthwhile as opposed to $1500-$200 w/ Escrow.com)

 

[Rockefeller]

So you get charged if you get scammed? ("as long as the other party is OK with it" - I don't know many scammers who would openly be OK with it).

Other than that, it looks like an improvement over the other services, 4% / $25 fee isn't bad ($600 transaction to be worthwhile as opposed to $1500-$200 w/ Escrow.com)

Not really following what you're saying. I'm talking about canceling a transaction, such as if the deal fell through and the buyer and seller agreed to cancel the sale...

 

[draggar]

Not really following what you're saying. I'm talking about canceling a transaction, such as if the deal fell through and the buyer and seller agreed to cancel the sale...

That I can see and would (hopefully) be most of the time but what if one side is trying to scam the other?

Say, I send my money to your service but then find out the domain I am trying to purchase is stolen (and thus I want to cancel the transaction). Would I still get hit with the transaction fee?

What if I push a domain to the escrow service but then see that the money I'm being paid with is from a stolen Paypal account or stolen credit card?

 

[DNP]

We can cancel the transaction for you as long as long as the other party is okay with it, there is no fee. And yes, we have accounts at all registrars for a speedy transaction.

If other party is not ok with it then what?

Also, what are the live support hours and why you do not add a toll free number?

 

[Rockefeller]

That I can see and would (hopefully) be most of the time but what if one side is trying to scam the other?

Most scammers wouldn't use an escrow service, would they?

Say, I send my money to your service but then find out the domain I am trying to purchase is stolen (and thus I want to cancel the transaction). Would I still get hit with the transaction fee?

There would be no transaction fees, there are no transaction fees anytime the transaction is canceled.

What if I push a domain to the escrow service but then see that the money I'm being paid with is from a stolen Paypal account or stolen credit card?

The buyer signs an authorization form with a copy of the credit card and his/her driver's license so the odds of someone using a stolen credit care are slim to none.

If there is ever an incling that a party in escrow is a scammer the transaction will be closed.

If other party is not ok with it then what?

It's the same terms as at Escrow.com, you cannot currently cancel a transaction at escrow.com when both parties have agreed to it unless there is a scam taking place.

Also, what are the live support hours and why you do not add a toll free number?

Live support hours are M-F 9a-5p Central Time, we're in the process of adding a toll free number.

We also have a cell phone set up for the weekends so we can also assist with transactions that way.

 

[Onward]

It is good to see a domainer leading an escrow service for the domain market. It makes sense.

My question is do you have a limit on your paypal & creditcard transactions? I know Moniker and Escrow.com have a 5k limit. I'd like to put the higher transactions on my amex gold card for the rewards.

 

[dominator]

So, I can push the domain to your acct instead of pushing it to buyer's acct?
If yes, this would be THE most important advantage over escrow.com
This will eliminate another possible scam.

yes, that's the most important thing

i wish you good luck with your new business, rock

if you provide the service that we need, it will help the whole industry

 

[draggar]

The buyer signs an authorization form with a copy of the credit card and his/her driver's license so the odds of someone using a stolen credit care are slim to none.

If there is ever an incling that a party in escrow is a scammer the transaction will be closed.

Cool, thank you for the clarification. Good luck with it.

 

[Rockefeller]

Thanks everyone.

Just to clarify, there will never be any transaction fees for a canceled transaction, there was no work done on our part so there is no reason to charge you.

 

[ksinclair]

Justin,

I had a great idea for helping deal with scammers in domain sales. What you are doing now is great for small sales. But for larger sales we would like to have some verification that the domain owner is who he says he is. What if you had an option, at the winner bidders discretion (and for a fee) to validate the domain ownership?

Lets say the sale is $5,000 or above. You might call the phone number in the domain record, and/or contact via postal mail, and finally check if the record has not changed for awhile.

Because, if the domain record contact info has not changed for, say, one year - and if you call the phone number or postal mail the person in the domain record - then almost for sure, that domain is not stolen.

If the winner bidder is paying you a free to do this, then the size of the sale does not matter. Any winning bidder can do ask for it.

I think buyers would like it, and Whois history makes this possible and workable.

Kevin

 

[Sonny Banks]

Nice project Justin!!

 

[Rockefeller]

Justin,

I had a great idea for helping deal with scammers in domain sales. What you are doing now is great for small sales. But for larger sales we would like to have some verification that the domain owner is who he says he is. What if you had an option, at the winner bidders discretion (and for a fee) to validate the domain ownership?

Lets say the sale is $5,000 or above. You might call the phone number in the domain record, and/or contact via postal mail, and finally check if the record has not changed for awhile.

Because, if the domain record contact info has not changed for, say, one year - and if you call the phone number or postal mail the person in the domain record - then almost for sure, that domain is not stolen.

If the winner bidder is paying you a free to do this, then the size of the sale does not matter. Any winning bidder can do ask for it.

I think buyers would like it, and Whois history makes this possible and workable.

Kevin

Thanks Kevin, we do already have a system in place where we call both the buyer and seller. If we cannot contact the seller from the whois record we will ask them to change the whois to a phone number that we can reach them at.

 

[rebirth]

Neat service!

I plan to use your business for all of my future sales (since you're an old timer in DNF, I can trust you), but I don't think my buyers would agree just like that. Can you apply for BBB seal or HACKER FREE cert?

 

[ksinclair]

What does Hacker Free Cert mean?

 

[rebirth]

What does Hacker Free Cert mean?

Oops, sorry. I meant Hacker Safe certificate from McAfee, which means that the website is 80% safe from hacker attacks.