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Escrow transaction
Do you want to sell or buy a domain but feel uncertain about the buyer / seller ignorance?
ESCROW TRANSACTIONS is a way to safely secure domain sales in situations where:
- The parties don't know or trust each other
- The parties cannot physically meet or do not have a secure way to execute the transaction
- The parties are trading companies and want to speed up the transaction
Worried about fraud when buying or selling a higher value domain?
Do you want to be sure that your purchase or sale of an interesting domain will proceed without complications and delays?
Use our ESCROW TRANSACTION service
What is it?
Escrow Transaction is a secure brokerage service for sales and purchases where the buyer and the seller do not know each other, are far from each other and want to avoid complications, misunderstandings or even fraud.
How does it work?
If you want to sell or buy a domain in a secure way by Escrow transaction, you must first set the terms of trade with the other party, ie the buyer or seller, especially the price and term of the transaction.
The Seller enters a request for the Escrow Transaction, including the terms of trade, to us at Nethost. Nethost, as the Escrow Transaction Service Provider, will send the Seller and the Buyer precise instructions, the transaction execution process, including a clear definition of all terms of trade and warranties. Both the seller and the buyer confirm their agreement to these terms. Secured Escrow transaction is executed:
- The buyer pays the price of the sold domain.
- Seller will receive the payment information. As a result, he knows that funds are secured in the Escrow Transaction Service Provider's account.
- Nethost verifies and validates the transaction details and confirms this to the seller.
- Seller transfers / instructs to transfer the domain to the buyer.
- The domain is transferred to buyer
- Nethost verifies that the domain is transferred to the buyer, safely and without hidden options.
- Funds from the Escrow Transaction Service Provider Account are released and transferred to the Seller Account.
- The Escrow Transaction Service Provider will verify the successful completion of the transaction and confirm it to both parties. (in case the domain transfer does not occur due to, for example, any technical problem or error, the transaction is canceled and funds are released from the Escrow transaction provider account and transferred back to the buyer's account).
What are the advantages?
Thanks to the above-mentioned procedure, Escrow transactions are completely safe, eliminating distrust between the seller and the buyer.
Escrow transactions have a clear order, fast progress, eliminate delays and misunderstandings.
The Escrow Transaction Service Provider knows the issues of domain sales and transfer, in detail it an has access to domain registries, and is able to not only control and manage the transaction, but also guides the seller and buyer through all the pitfalls associated with domain sales, whether they concern certain requests, rules and national legislation.
How much does it cost?
The remuneration of the Escrow transaction service provider is defined in the price list below, the rate according to the realized sale price of the domain. The price of the service is paid by the seller and the service provider of the Escrow transaction directly deducts it from the amount transferred from the buyer to the seller.
| Escrow transaction pricelist | |
|---|---|
| Zone A Domain sales price from 1 € to 200 € |
20 € |
| Zone B Domain sales price from 201 € to 1000 € |
40 € |
| Zone C Domain sales price from 1001 € to 4000 € |
80 € |
| Zone D Domain sales price over 4001 € |
120 € |
Prices including VAT
If you are interested in secure sale or purchase of your domain through Escrow transaction, please contact us using the form below.
CONTACT FORM