$1.5 billion in transactions — Escrow.com tops

Milestone shows that Escrow.com is growing very fast.

I seems like just last year that I was writing regarding Escrow.com topping the $1 billion mark. And that’s since it was just last year that the firm disclosed it had crossed the $1 billion transaction milestone.

Now, regarding 16 months later, Escrow.com states it has by now hit $1.5 billion in transactions.

It took the firm 11 years to hit the first $1 billion and just over a year to hit $1.5 billion, so the firm is clearly firing on all-cylinders.

A lot of it has to do with the partnerships Escrow.com has formed with the domain industry, and especially brokers. The firm’s broker offering, released one year ago this month, allows domain brokers to initiate transactions and then Escrow.com sends the broker its commission directly from the escrow proceeds. Prior to the fresh broker tool, brokered transactions at Escrow.com would require the domain seller to send a separate payment to the broker.