Best Internet Domain Name Escrow

Reselling domain names online offers great potential for profits

. Merchants are often willing to pay large sums of money to obtain the perfect domain name for their site. But it can become a risky business if you are not well-versed in methods to defend yourself from phony consumers. There are times when people will try to dupe you into transferring the domain name to them without paying for it - normally those who intend to resell the domain name to someone else. If you don't secure yourself adequately, you could become victim to one of these larcenous buyers.

One technique to defend yourself when reselling domain names online is to use a domain name escrow service. An escrow service ascertains that neither you nor the buyer has custody of the domain name and the payment simultaneously so that both of you can be confident about the transaction. With an online escrow site, you will still exhibit your domain names on your own web site or an auction site, but if a prospective buyer offers to purchase one of your domain names you complete the transaction on the escrow site where it can be handled securely. The escrow firm ensures both buyer and seller are secured and contented.

A domain name escrow service shields you by securing payment from the purchaser before ownership of the domain name is transferred. Escrow services levy a modest fee for registering your transaction with them and they serve as a neutral third party in the deal. Instead of paying you directly, the purchaser transfers money to the escrow service which then retains the payment until the buyer certifies that the domain name has been transferred. The escrow service will confirm that the payment is authentic and not a falsified remittance before giving the signal for you to transfer ownership of the domain name. Once the purchaser gives notice that the domain name has been transferred successfully, the escrow service will release the payment to you.

This technique of reselling domain names protects the buyer as well because you don't gain custody of the payment until transfer of ownership has been completed. You don't have to worry about charge backs, bad checks, or fraudulent payments and the buyer doesn't have to worry about whether he'll get his domain name after paying for it. Very often, the greater degree of confidence that consumers have when using a domain name escrow service leads to more sales and higher-value sales, which mean higher profits for you.

From time to time, an crooked buyer will attempt to defraud you of domain names by utilising a bogus escrow service. The fictitious site unscrupulously tells you the shopper has made a payment and authorizes you to deliver the domain name. Because it's a spurious service, you end up having no money to show for your efforts and having lost control of the domain name. If a buyer insists on using an escrow service for the purchase, satisfy yourself about its authenticity. Search web evaluations, articles and directories to be sure the business is real. You can also check a WHOIS database to be sure the owner of the web address is the escrow service. Also make sure the site has a URL (address) that begins with "https://," which implies the site is fitted with security systems.

One highly recommended domain name escrow service is PayPrimo.com. This escrow service not only has modern security measures, like minimum 128-bit data encryption and modern security defences to protect your data, but it also maintains a dispute resolution service to ensure that you and the shopper can work things out if a problem crops up. Authentic domain name escrow services, like PayPrimo.com, also use easy-to-understand and trackable money transfer options, like credit and debit cards.

Your online escrow experience will also be greatly improved if your escrow service includes features like a variety of payment options, including credit cards, debit cards, and wire transfers, along with detailed help guides, detailed transaction instructions, and an easy-to-use and responsive interface. If you are vending domain names to people in other countries, also ensure your escrow service accepts and delivers payments in multiple currencies, particularly EUR, USD and GBP, like PayPrimo does. In addition to cutting edge security and easy-to-use features, PayPrimo also features an affiliate program that makes it simple to use PayPrimo with all your online transactions.

by: Eldon Sisney

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