warning I lose $42,000 on an escrow.com transaction as pdd.com, help please.

[American]

Hi,
I bought pdd.com via escrow.com and the seller took the domain back on networksolutions.com after he received the money $42,000 US dollar.

for detailed information, please view http://www.drjw.com/

Any suggestions about what I can do is welcome, thank you!

If you know a lawyer who is an expert in online domain name disputes, please tell me his/her contact information, thank you very much!

 

[LUP]

@American Any updates?

 

[ERNEST AMENUVOR]

Is sad and very unfortunate hmmm

 

[Kenny]

@American Any updates?

@American has not logged in for more than a year now.

Peace,
Kenny

 

[robertsmith80]

Wow - that sounds awful

 

[672com]

Its really astonishing to read such story happened long time ago...

 

[LoveCatchyDomains]

One simple question comes from this experience.
If using the Escrow.com concierge service, is it far less likely for something like this to happen. And even if a fraudulent domain does slip through, would their extra services provide protection for the buyer?
There are many pages to this story, but the basic fact was that escrow.com was used, without the concierge services. I'm curious whether this could have eliminated the problem.

 

[672com]

One simple question comes from this experience.
If using the Escrow.com concierge service, is it far less likely for something like this to happen. And even if a fraudulent domain does slip through, would their extra services provide protection for the buyer?
There are many pages to this story, but the basic fact was that escrow.com was used, without the concierge services. I'm curious whether this could have eliminated the problem.

Agree concierge service is the key to prevent such from happening.

 

[Name Trader]

Agree concierge service is the key to prevent such from happening.

Why?

 

[LoveCatchyDomains]

Obviously Escrow.com are not living up to their claimed reputation. Is there any escrow service, domain sales service, which could be trusted to have this service in place.

This unfortunate incident was years ago. Is there anyone on this forum for Escrow that can comment, in general, on added protections that have been put in place since then?
Realistically, also, this is one instance. Has anyone recently had a similar issue like this with any escrow company?
Perhaps, as a whole, more caution is being used to stop these domain scallywags and scoundrels.

 

[Name Trader]

This unfortunate incident was years ago. Is there anyone on this forum for Escrow that can comment, in general, on added protections that have been put in place since then?
Realistically, also, this is one instance. Has anyone recently had a similar issue like this with any escrow company?
Perhaps, as a whole, more caution is being used to stop these domain scallywags and scoundrels.

I don't trust anybody who outright lies to their customers, however long ago it was, and who keeps their job.

 

[Croc]

The price is good deal for a three letter. That should have drawn some suspicion

$42k for a random letter LLL.com? pfft, I paid $18,750 for a LLL .com a few months ago. This is barely crossing over into end user pricing for a domain like this.

 

[LoveCatchyDomains]

I even went thru a long process to get an electronic bank approved with Escrow. Got it approved. Did my first sale using that account to receive my funds. And then they closed that account down (wise.com). Because it wasn't a "traditional" bank. Nowhere along the way did they state that it must be a "bricks and mortar" bank. At no point did I get any indication that they were going to close the account down after the first transaction. They didn't have any problems with the payment. It was just something they decided they did not want to do.

That's very frustrating--to go through the trouble setting this bank up and being approved, only to have that closed down unexpectedly.
No doubt, they have been hyper sensitized by the domain scoundrels in the past. Unfortunately, you wonder if their heightened concerns lead to practices that may inadvertently hurt the more honest folks.