Escrow fees on U.S. dollar transactions (and it’s really cheap) — Transpact drops

Escrow firm’s by now low fees drop for clients transacting in U.S. dollars.

I know a couple things regarding Transpact: a handful of readers have used it for domain name escrow and its services are ridiculously inexpensive.

Today I got an email from the firm regarding a pricing change for U.S. dollar transactions.

Transactions up to $2,500 are now $9.99 per party per transaction with a $15 payment fee for any U.S. dollar disbursement over $100. So basically any transaction up to $2,500 in U.S. dollars is regarding $35.

Previously is was $24.99 per party.

That’s a seriously low fee. But it’s prices are even more out of line with industry norms for big dollar transactions. There are no percentage fees. There’s just a “sizable payment” surcharge.

For example, an $18,000 transaction would have the same $9.99 per party fee, plus the $15 payment fee, plus a $14.72 sizable fee surcharge. So that’s only $49.70.

Euro and Pound transactions remain cheaper. Transpact states this is since making a payment in Europe in Euros up to €50,000 is effectively free by EU law.

Given the somewhat complex pricing structure, it would be nice if the site had a fee calculator built in.