“Payment Plan” Escrow on Domain Transactions — Escrow.com Offers

Escrow.com offers service for domain name purchase payment plans.

I caught up with Escrow.com president Brandon Abbey during DOMAINfest the prior week. When I asked him regarding current trends in sales, he stated the firm is seeing more people wishing to do payment plans when they acquire domains.

Escrow.com has a service for these clients. It runs similar to its traditional domain escrow service, except that Escrow.com takes control of the domain name and facilitates multiple payments from buyer to seller. Once all payments are received, ownership of the domain name is transferred to the buyer.

In most cases, the buyer makes monthly or quarterly payments, which are then disbursed to the seller.

To set up a payment plan escrow, users create the transaction on Escrow.com as usual. They then contact Andee Hill (ahill at escrow.com) with the payment terms. Escrow.com then sends agreements to both parties for signature. Next, the seller transfers the domain name to Escrow.com’s account at Go Daddy.

For extended payment transactions, Escrow.com generally accepts transactions of $75,000 or more. It is right now managing transactions ranging from 8 months to 5 years.

The cost is reasonable — just the standard fees plus a $500 annual fee.