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Freelancer.com Acquires Payment Service Provider Escrow.com For $7.5M

Discussion in 'Domain Name News' started by wizard, Apr 27, 2015.

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  1. wizard

    wizard Well-Known Member

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  2. Domain Forum

    Acorn Domains Elite Member

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  3. orchardapple United Kingdom

    orchardapple Active Member

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    interesting but I always feel payment providers should be independant of these 'freelance' type of sites, plus also escrow is used for other purposes than just freelance payments
     
  4. mojoco United Kingdom

    mojoco Well-Known Member

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    First impressions without knowing the detail, $7.5m sounds very cheap.
     
  5. cc976a

    cc976a Well-Known Member

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    +1
     
  6. ian

    ian Well-Known Member Acorn Supporter

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    That price can't be right, surely?
     
  7. spiderspider

    spiderspider Active Member

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    "Escrow.com claims that in fiscal year 2014 its gross payment volume was $265 million"

    That seems a bit low as well. Maybe they are just one of those companies that people know of, but never use.

    If fees charged were 3% (I know they can be lower), then that's income of £7,950,000 for 2014. The gross / net profit must be terrible to sell for less than 1 years income.
     
  8. developers

    developers Member

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    Yeah a little too much..
     
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