subject: Use Internet Escrow for Your Domain Name Purchases [print this page] Use Internet Escrow for Your Domain Name Purchases
Possessing the right domain name for your web site is essential. It's your means of having shoppers remember your web site. It's a crucial component of your identity. Unfortunately, sometimes the ideal domain name for your site is the property of someone else and you have to acquire it from someone other than a registered domain name supplier. In this situation you need to learn how avoid being defrauded because some people simply get possession of domain names and then go through the motions of reselling them. Innocent domain name shoppers pay a lot of money for their desired domain name, but they never gain possession of the domain name.
Most domain name resellers are legitimate people and usually your purchase will be safe, but you can't ever know for sure until the exchange goes through. One method to protect yourself is to go through a domain name escrow service. Once you find a domain name you think is perfect for your purposes, contact the seller and request that you want to complete the transaction with the help of an escrow service where the process is guaranteed comprehensive protection. The escrow company makes sure both you and the seller are not swindled and pleased, allowing neither the shopper nor vendor to control the domain name and the payment at the same time, which implies both can breathe easy.
A domain name escrow site makes certain you obtain full possession of the domain name before the seller gets your money. For a small fee, you can enlist your deal with an escrow firm and deposit your payment to the escrow service instead of transferring money to the seller directly. The escrow service keeps your payment until you certify that the domain name has been conveyed to you. Once you certify receipt of the domain name, the escrow service disburses payment to the merchant.
As the shopper, you're secured because the vendor doesn't get your payment unless you attest that you have acquired full ownership of the domain name. It also gives the supplier confidence, knowing that your payment has been deposited before conveying ownership to you. Also, good escrow services run the latest security measures to provide full protection to your information against potential identity thieves.
However, when picking a domain name escrow service, you must ascertain that the escrow site is legitimate and not a bogus site contrived to make things appear as if you're more secure than you really are. Steps you can take to steer clear of phony escrow services include:
" Making sure the site is secure-with a URL (address) starting with "https://".
" Looking for outside references to the site like reviews, articles and directories that give solid indication it is a legitimate site.
" Look up a WHOIS database to make sure the owner of the web site is in fact the escrow service.
" Don't go through a service that leads you to utilise a money transfer channel that's virtually impossible to trace like Western Union or Money Gram.
One well-known domain name escrow service is PayPrimo.com. This escrow site not only uses sophisticated security measures, like minimum 128-bit data encryption and state-of-the-art firewalls to protect your data, but it also maintains a dispute resolution service to mediate issues between you and the seller if a problem arises. Reliable domain name escrow services, like PayPrimo.com, also use recognizable and trackable money transfer channels, like credit and debit cards .
Moreover, PayPrimo and other dependable escrow services have aspects that make your escrow experience a pleasant one . Among the more important elements to look for are diverse payment options, including credit cards, debit cards, and wire transfers; informative help guides; detailed transaction instructions; and an uncomplicated and versatile interface that makes it quick and easy to transact business quick and easy. If you are purchasing domain names from suppliers in other countries, also determine whether your escrow service processes payments in other types of currencies, particularly EUR, USD and GBP, like PayPrimo does.
