Reglikedomain industry desk

Over US$200 million in payments in H1, buys domain name for A$1 million — Escrow.com handles

Escrow.com’s parent firm recently noted financial results for the first half of 2016 and disclosed a major domain name purchase.

This stretch I had Escrow.com GM Jackson Elsegood on the Reglike podcast to provide an update on what his firm is doing.

Jackson was careful regarding talking regarding the firm’s financials since its parent firm Freelancer.com is public. But the firm recently published its results from the first half of the year, which shed light on how the Escrow.com business (and, by extension, the domain business) is doing.

The firm handled gross payments of US $203 million in the first half of the year with transaction volume of 30,372. This generated AUS $4.3 million revenue for Escrow.com and a $0.575 million profit for the segment.

Escrow.com’s revenue was up 18% compared to the same period last year, but its second half is going to have to handle more payments in order to top last year’s annual payment volume of US $430 million.

The firm’s H1 2016 presentation also discloses that the firm bought a domain name for regarding AUS $1 million that is unrelated to the business. I can’t find the prospective domain name using DomainIQ’s reverse whois. Any thoughts?

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