How To Use Domain Name Escrow
Having the right domain name for your web site is essential
. It's your means of ensuring that browsers recall your web site. It's critical to your image. Regrettably, there are occasions when the ideal domain name for your site has already been purchased by someone else and it becomes necessary for you to purchase it from someone other than an authentic domain name supplier. If that happens you need to know how protect yourself against fraud because some parties simply acquire domain names and then purport to resell them. Unquestioning domain name shoppers pay hundreds or thousands of dollars for the ideal domain name, but the domain name never gets transferred to them.
Most domain name resellers are dependable business persons and usually your order will be safe, but you can't ever be sure until the deal is completed. A good approach to ensure a successful transaction is to use a domain name escrow service. The moment you see a domain name you want to buy, phone the provider and say to him or her that you prefer to complete the transaction going through an escrow service where it is guaranteed total protection. The escrow company ensures both you and the provider are not defrauded and satisfied, making sure that neither the buyer nor supplier to control the domain name and the payment at the same time, which gives both of you peace of mind.
A domain name escrow site ensures the domain name is successfully conveyed to you before the supplier gets your money. For a modest fee, you can enlist your transaction with an escrow firm and entrust your payment to the escrow service instead of paying the seller directly. The escrow service keeps your payment until you confirm that the domain name has been delivered to you. After you certify receipt of the domain name, the escrow service releases payment to the seller.
As the shopper, you're secured because the supplier doesn't get control of your funds unless you certify that ownership of the domain name has been transferred to you. It also gives the merchant certainty, knowing that your payment has been deposited before transferring ownership to you. Also, good escrow services deploy sophisticated security systems to fully protect your information from pernicious identity thieves.
However, when looking for a domain name escrow service, you must ascertain that the escrow site is legitimate and not a bogus site engineered to make you feel more secure than you really are. Steps you can take to steer clear of bogus escrow services include:
- Making sure the site is protected-with a URL (address) beginning with "https://".
- Looking for outside references to the site like reviews, articles and directories that prove it is a genuine business.
- Consult a WHOIS database to verify the operator of the web site is in fact the escrow service.
- Avoid using a service that leads you to use a money transfer conduit that's difficult to trace like Western Union or Money Gram.
One well-known domain name escrow service is PayPrimo.com. This escrow site not only has modern security measures, such as minimum 128-bit data encryption and state-of-the-art firewalls to protect your data, but it also features a dispute resolution service to ensure that you and the supplier can work things out if a problem arises. Reliable domain name escrow services, like PayPrimo.com, also use familiar and trackable money transfer options, like credit and debit cards .
Additionally, PayPrimo and other dependable escrow services have attributes that make your escrow experience a pleasant one . Several key elements to look for are multiple payment options, including credit cards, debit cards, and wire transfers; informative help guides; thorough transaction instructions; and an user-friendly and dynamic interface that makes makes transacting business flawless. If you are arranging for the purchase of domain names from people in other countries, also determine whether your escrow service processes payments in multiple currencies, particularly EUR, USD and GBP, like PayPrimo does.
by: Eldon Sisney
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