Quality Domain Name Escrow Provider

Reselling domain names online provides great potential for profits

. Merchants are often willing to pay large sums of money to get hold of the perfect domain name for their site. But dealing in domain names can expose you to significant risks if you are not well-versed in methods to defend yourself from fraudulent purchasers. On occasion, people will try to manoeuvre you into transferring the domain name to them without shelling out any money in exchange - normally those who intend to resell the domain name to other parties in turn. If you don't protect yourself adequately, you can be victimised by one of these larcenous purchasers.

One way to safeguard yourself when reselling domain names online is to channel transactions through a domain name escrow service. An escrow service ascertains that neither you nor the consumer has custody of the domain name and the payment simultaneously so that both of you can be confident about the exchange. With an online escrow site, you will still post your domain names on your own web site or an auction site, but if a prospective buyer intends to buy one of your domain names you sew up the deal on the escrow site where everything can be facilitated securely. The escrow firm ensures both purchaser and supplier are secured and satisfied.

A domain name escrow service protects you by requiring payment from the shopper before ownership of the domain name is transferred. Escrow services impose a modest fee for listing your exchange with them and they act as a neutral independent party in the transaction. Instead of paying you directly, the purchaser sends money to the escrow service which then retains the payment until the buyer attests that the domain name has been transferred. The escrow service will verify that the payment is valid and not a fraudulent remittance before notifying you to transfer ownership of the domain name. Once the purchaser confirms that the domain name has been transferred successfully, the escrow service will transfer the funds to you.

This technique of reselling domain names secures the purchaser as well because you don't gain custody of the payment until transfer of ownership has occurred. You don't have to think about charge backs, bad checks, or fabricated payments and the consumer doesn't have to feel uneasy about whether he'll get his domain name after having paid for it. Very often, the greater degree of confidence that purchasers have when transacting through a domain name escrow service leads to more sales and higher-value sales, which mean higher profits for you.

Every so often, an unethical purchaser will attempt to defraud you of domain names by going through a spurious escrow service. The fabricated site falsely tells you the purchaser has remitted a payment and authorizes you to transfer the domain name. Because it's a spurious service, you end up empty handed and with no more control over the domain name. If a purchaser demands for the use of an escrow service for the purchase, make certain it's licensed. Search web evaluations, articles and directory listings to confirm the business is real. You can also check a WHOIS database to make sure the owner of the web address is the escrow service. Also make sure the site has a URL (address) that starts with "https://," which means the site is secure.

One widely known domain name escrow service is PayPrimo.com. This escrow service not only has state-of-the-art security measures, like minimum 128-bit data encryption and state-of-the-art security defences to protect your data, but it also features a dispute resolution service to provide a medium where you and the shopper can thresh things out if a problem arises. Reliable domain name escrow services, like PayPrimo.com, also use easy-to-understand and verifiable money transfer options, like credit and debit cards.

Your online escrow experience will also be greatly enhanced if your escrow service provides features like multiple payment options, including credit cards, debit cards, and wire transfers, along with detailed help guides, detailed transaction instructions, and a simple and flexible interface. If you are selling domain names to people in other countries, also make certain your escrow service allows and conveys payments in multiple currencies, particularly EUR, USD and GBP, like PayPrimo does. In addition to state-of-the-art security and user-friendly features, PayPrimo also operates an affiliate program that makes it easy to use PayPrimo with all your online transactions.

by: Eldon Sisney

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