Jen-Sin
Established Member
- Impact
- 909
Things are simplier when seller or buyer pays full escrow fees. The payer decides the escrow service and option.
Many variables come into play when escrow fees are spilt between buyer and seller.
1. Who decide which escrow service?
2. Who decide standard or premium service (DN.com and escrow.com offer 2 services)?
3. Do funding / payment processing fees get spilt too?
4. Do disbursement / withdrawal fees get spilt too?
Even when buyer or seller agree to pay full escrow fees, does that include additional funding / payment fee and / or disbursement / withdrawal fee?
The industry service providers seem to have differing standards. Following are some examples and not exhaustive:
FUNDING
Andrew Allemann compared the cost of escrow here in an outdated article but highlighted the many other costs besides escrow: http://domainnamewire.com/2014/01/21/domain-escrow-price-comparison/
Take part in the poll on what you think should the domain industrial standard be.
Thank you.
Many variables come into play when escrow fees are spilt between buyer and seller.
1. Who decide which escrow service?
2. Who decide standard or premium service (DN.com and escrow.com offer 2 services)?
3. Do funding / payment processing fees get spilt too?
4. Do disbursement / withdrawal fees get spilt too?
Even when buyer or seller agree to pay full escrow fees, does that include additional funding / payment fee and / or disbursement / withdrawal fee?
The industry service providers seem to have differing standards. Following are some examples and not exhaustive:
FUNDING
- DN.com charges additional 5% for PayPal payment
- eCop charges additional $50 for international bank wire
- Escrow.com prices credit card / PayPal option into their premier escrow service.
- Flippa Escrow charges additional 2% to the buyer who pay by credit card.
- Sedo charges additional 3% to the buyer for sales above $500 and pay by credit card / PayPal.
- ECop charges $5 withdrawal fee AND $50 wire withdrawal fee or 2%/up to $45 for PayPal withdrawal
- Escrow.com charges up to $60 disbursement fee
Andrew Allemann compared the cost of escrow here in an outdated article but highlighted the many other costs besides escrow: http://domainnamewire.com/2014/01/21/domain-escrow-price-comparison/
Take part in the poll on what you think should the domain industrial standard be.
Thank you.