- Why Escrow.com
- Escrow 101
Escrow.com is pleased to announce the launch of a new Broker service that connects and protects both the Buyer and Seller when using a third-party sales Broker.
Today, Brokers are being used beyond the trading of stocks and buying homes. For a growing number of consumers, a lack of time and patience for finding the right item, or for Sellers – finding the right Buyer, has piqued an interest in hiring a professional to do it for them. In general, Broker's provide convenience and a piece of mind when buying or selling an item. "The missing link to these transactions is the security in knowing that you are getting what you've paid for." Says Brandon Abbey, President and Managing Director at Escrow.com. "And just because a Broker is involved, there's no guarantee that will happen. That's why we've enhanced our system to manage these types of three-party transactions."
The Escrow.com Broker system is designed around integrity. So much so that all personal information pertaining to the Buyer and Seller are kept private until such time as funds have been secured and delivery is required to complete the transaction. Plus, it's easy to use and a transaction can be completed in 5 simple steps:
1. Broker creates the transaction identifying the Buyer, the Seller and the terms
2. The Buyer and Seller agree to the terms
3. Buyer pays Escrow.com
4. Seller sends merchandise
5. Escrow.com releases funds to Seller and to the Broker
Tessa Holcomb, DomainAdvisors Founder and CEO, believes the Broker product will be well received across many verticals. She says, "DomainAdvisors has processed millions of dollars' worth of transactions through Escrow.com. They understand the intricacies of our business and came to us asking if we wanted to participate in the beta launch of their broker system. It was immediately apparent that the new Escrow.com broker system will be a great asset, not only to the domain industry but anyone who is involved in brokering products and services."
And Escrow.com has been working diligently to add yet another secure service to the company's stable of products. Jason Whitlow, CTO at Escrow.com says, "The breadth and depth of our business is to provide safe and secure transaction processing." He adds, "Today, the technology involved to do just that is somewhat limitless. Our goal is to continue being the leader in developing such services and the launch of the Broker product is just the tip of the iceberg. Look for more exciting developments from Escrow.com in the near future!"
Headquartered in Rancho Santa Margarita, CA, Escrow.com, a privately held company, has pioneered the process of online escrow services. The Company, founded in 1999 by Fidelity National Financial, has established itself as the leading provider of secure business and consumer transaction management on the Internet. All escrow services offered on this Website are provided independently and exclusively by Internet Escrow Services(SM) (IES), one of the operating subsidiaries of Escrow.com. IES is fully licensed and accredited as an escrow company and is subject to compliance with all applicable nationwide escrow regulations.Back to top