Escrow.com introduces Escrow Pay
Escrow.com introduces Escrow Pay, secure online payment processing for cars, boats, airplanes, domains & anything of value, in one line of code.
San Francisco, August 6th 2018
Escrow.com, the world’s most secure online payment system from a counterparty risk perspective, today announced the launch of Escrow Pay™, a streamlined checkout payment system for buying and selling cars, boats, airplanes, domains and anything of value, in one line of code.
With no minimum fee and prices as low as 0.89%, Escrow Pay is the ideal solution for any website, mobile app, online store, classified site or marketplace that needs to take payments for any product or service of value. Escrow.com is ideal for transaction sizes from $100 to $10,000,000 or more.
Escrow Pay can be implemented with a single line of code and provides an integration of Escrow.com’s payment system for those customers that prefer a quick and easy solution over and above the powerful and fully featured Escrow API that was launched in December 2017.
Escrow.com protects both the buyer and the seller by acting as a trusted third party holding the funds, allowing the goods to be shipped and inspected prior to funds being released. This means that valuable items can ship across state or country lines before the transaction completes, improving liquidity and access to global markets safely. Greater liquidity means sellers can access more buyers and buyers more sellers, resulting in better choice, pricing and transaction completion rates. For sellers, Escrow.com greatly increases trust & safety and reduces fraud and with no chargebacks, ever.
Escrow.com is perfect for buying and selling cars, boats, airplanes, domain names, IP address blocks, websites, computer equipment, heavy machinery, jewelry, antiques, services, intellectual property and for import/export. The Aurora Space Station, the world’s first luxury space hotel launching in 2021 uses Escrow.com for taking deposits for the $10 million experience.
Escrow Pay integrations are straight forward. With a single call to the Escrow Pay API, a partner may create a transaction and retrieve a link to the Escrow Pay checkout flow, which the buyer then may use to complete their transaction in a few easy steps. On completing this, the buyer is returned to a page on the partner’s site. This means that an Escrow Pay button can be added to any type of page or application, including shopping cart checkout pages, classified listing pages, domain parking pages, and mobile apps. The Escrow Pay API may be used on its own or in conjunction with the fully featured Escrow API.
Recent transactions secured by Escrow.com include the sale of the premium domain names crypto.com by famed cryptographer Matt Blaze, and ice.com to the Intercontinental Exchange, the owner of the New York Stock Exchange. Escrow.com is also the payment system powering a wide variety of e-Commerce businesses including Shopify Exchange, Shopify’s marketplace to buy and sell businesses built on the Shopify platform, and Wingform, a marketplace for airplanes.
About Escrow.com
Escrow.com is the leading provider of secure online payments and online transaction management for consumers and businesses on the Internet, having safely processed over US$3.5 billion in transactions. Founded by Fidelity in 1999, Escrow.com reduces the risk of fraud by acting as a trusted third party that collects, holds and disburses funds according to buyer and seller instructions. Escrow.com is a subsidiary of eleven-time Webby Award winning Freelancer.com, the world’s largest freelancing and crowdsourcing marketplace by number of users and jobs posted.
Escrow.com is also the winner of the 2017 BBB Torch Award for Ethics for Silicon Valley, San Francisco and the Bay Area, an award presented to a business that goes above and beyond in their business dealings with customers, other businesses and the community.
Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN
For more information, please contact:
| Sebastián Siseles | Vice President, International |
| Tel | +1 415 801 2271 |
| ssiseles@escrow.com |