Domain Escrow Explained.
Three¡¯s not always a crowd! Domain escrow is a third party agency that agrees to handle your domain name transaction. Confused about how it works? Here¡¯s a brief break down.
1. Both parties agree to use a domain name escrow service
2. The seller files to sell the domain by filling out a transfer agreement
3. The buyer is notified that the transaction is pending their payment
4. When payment is made and cleared by the bank, the domain names are released to the purchaser
5. The buyer receives their funds (minus any applicable domain escrow fees)
Your Domain Name, You Contact the Registrar.
Get commencing! In most cases, a domain transfer needs to be commenced by the owner. Even when it comes to a domain name escrow transaction, the domain seller will need to file paperwork with the domain registrar.
*Some domain escrow sites have an online form you can file that will handle initiating the transaction and filing with the registrar.
Sell A Lot, Just One-By-One.
Pick ¡®em off one by one, it¡¯s easier! Domain names will usually sell in a one-off situation. Packaging up domains together to sell them in bulk may dissuade a buyer who would rather have one domain for less instead of your whole selection. Also, over time, you will make more selling your domains individually.
If you want to sell a mass of domains, there are ways to bulk-list those domains with a ¡°domains for sale¡± website (though, again, they would be purchased one-by-one).
The Protection of a Third Party.
Everybody should be protected! Domain name escrow protects you whether you are a buyer or a seller. Domain escrow will have a domain name released to them by a seller, and will not pass that domain onto the buyer until payment is made. In short, it ensures that the transaction commences before notifying the domain registrar.
* Using a domain name escrow can protect all parties involved and make for a smooth transaction.