mistermix

I'm just about to buy a .co.uk domain from an individual in the UK.

I was looking for a good value escrow service but could only find escrow.com. Am I right to assume it will take a while to use their service because they are totally US based?

Sedo.co.uk also have a service but at 3% its way too much.

Is there a UK based service you guys can recommend? Or is escrow.com really the best option?

thanks

Bailey

I'm not sure about UK based. but lets be honest your not going to find an Escrow service less at less than Sedos 3%.

Escrow.com can complete in 48 hours providing the buyer sets the "inspection period" to 1day.

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TheDon dot Com

rob

If you are VATable then Sedo may charge your comission on that.

I would either operate off trust / agreement, or , use Escrow.com

I think Primey posted here recently saying Escrow.com = zero issues, Sedo = loads.

mistermix

thanks for the quick responses...

But escrow.com says they will convert all funds into $.

It will then be converted into £ when the buyer gets the money. This could eat up a few percent too?

If you guys have used escrow.com for uk to uk sales in £ - wasn't the currency conversion an issue? I can't really guarantee the buyer will get exactly the amount we agreed...

Bailey

True -Given it's all Stateside I must admit I probably wouldn't use Escrow in a £ to £ sale, Not unless it was a case of having to.

Have you checked out the domain seller on any of the domain boards, I personally like to speak to the other person on the phone, find out about their domain selling history etc - then move forward on trust.

You could try Pm'ing the transaction details to one of the old hands here. Rob or Edwin probably wouldn't mind given it a precautionary once over for you

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TheDon dot Com

GreyWing

Not UK based but Namedrive do it and the best I have had up to now.

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mistermix

The domain owner isn't actually in the domain business. They are a bricks and mortar company and I approached them when I noticed they had this domain but weren't using it.

I've spoken to them on the phone and have decided to do it based on trust.

I'll no doubt come back here ranting and raving if it all goes wrong...

GreyWing

Pay on your credit card and you will have even more backup should it all go wrong.

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CannyInvestor

Yes, there is a UK based Escrow service.
www.Transpact.com

It is FSA and HMRC registered.
And ideal for your purposes.

Always check that the escrow service you use is listed on an online Government register (Transpact.com is both on the FSA online register and the HMRC online register).

Caz

Re transpact and hmrc and fsa registered, how does this guarantee any payments?

All it means is someone has sent some paperwork in, businesses like this are not covered under the financial compensation scheme, so where is the guarantee?

Plus its had a fair few name changes last couple of years.

I'm all for using a new service other than escrow, so if anyone can support this company that would be great.