Perhaps the biggest growth driver for the company has been domain names.
“We were able to secure the trust of many in the domain community and have provided a lot of focus on the industry ever since,” said Abbey.
Over 50% of the transactions completed at Escrow.com to date have been domain name deals. That percentage has been higher in the last few years.
Escrow.com is responding to market demand by adding services for more complex transactions. For example, it supports a lot of payment plan deals.
It’s also running a beta of a system that includes brokers in the process. For example, a broker may connect a domain buyer to a seller. The broker sets up the transaction at Escrow.com and indicates his commission. When the deal is finalized, Escrow.com sends the commission to the broker and the rest of the proceeds to the seller.
via A look at Escrow.com’s $1 billion milestone and new broker tool – Domain Name Wire.
Post a Comment