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Here's the The Lowdown
from DN Journal,
updated daily
to
fill you in on the latest buzz going around the domain name industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson. |
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The
Field of Competitors Seeking a Share of the
Money Spent on Domain Escrow Services Continues
to Expand With the Opening of EscrowHill.com
Today
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The
number
of available domain extensions isn't the
only part of this industry that is expanding.
With the arrival of hundreds of new
TLDs this year many expect the number
of aftermarket sales transactions
to grow, accompanied by a bigger demand
for domain escrow services. Though
there have always been multiple players in
that field, the category has been
dominated by one 800-pound gorilla, Escrow.com.
Despite
that formidable opposition, some new
competitors, led by well-known industry
figures, think now is the time to get in
the game and go for a share of the gold. Thought
Convergence's Agreed.com
was the first newcomer to enter the fray,
taking space at the 2013
T.R.A.F.F.I.C. East conference
in Florida last fall to demo their
platform. |
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A
month after T.R.A.F.F.I.C. East, Escrow.com's
former Director of Business Development, Andee
Hill, announced
she was gong out on her own to launch EscrowHill.com
with the firm operating from a New
Zealand base. Today that site
opens for business.
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Andee
Hill
EscrowHill.com Founder & CEO |
A
press release issued this morning said,
"Escrow Hill Limited is an
internationally licensed escrow provider. Our
license involves government oversight,
independent audits and employee background
checks very similar to the state of
California. The license applies to all
currency accounts, not just USD."
The
release also posed the obvious question in
an increasingly crowded field - why use
us? The replies provided were:
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We
have over 30 years of online escrow
experience in the domain industry.
While the company name is new, all the
people are tried and true escrow
specialists.
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For
the flexibility of utilizing the
currency of your choice, we have
established accounts in USD, CAD, AUD,
EUR and GBP.
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Our
escrow fees are generally about 20 percent
lower than our competitors.
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We
offer a fast, free wire disbursement on
every transaction. Additional wire
disbursements are just $15.00.
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We
offer premium escrow where we will take
possession of the money AND the domain. We
are the only licensed provider offering this
service.
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We
offer seller financed and domain leasing at
our basic fee plus just $25/month.
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We
support completely anonymous transactions
with one or more brokers; the buyer and
seller only know their price with no other
detail.
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Those
using the firm's services can submit
transaction information on the online form
at EscrowHill.com.
Once
submitted, EscrowHill will contact the
parties to complete the escrow. A fully
automated system is still in
development.
If
you are going to next week's NamesCon
conference in Las Vegas,
you can meet some of the EscrowHill team
members in person. You can also get more
information by contacting them through the
EscrowHill.com website or an email to Support
@ EscrowHill.com. |
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(Posted
January 9, 2014)
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For
all current Lowdown posts - Go
Here
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We need your help to keep giving
domainers The
Lowdown, so please email [email protected]
with any interesting information you might have. If possible,
include the source of your information so we can check it out (for
example a URL if you read it in a forum or on a site
elsewhere).
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