Escrow guide to domain trading

Reselling domain names online provides great potential for profits. Business owners are often willing to pay big amounts of money to acquire the perfect domain name for their site. But dealing in domain names can get to be a risky business if you are not well-versed in methods to defend yourself from bogus purchasers. On occasion, people will try to trick you into transferring the domain name to them without paying for it - usually those who intend to resell the domain name to other parties in turn. If you don't take adequate security measures, you could become victim to one of these bogus purchasers. One method to safeguard yourself when reselling domain names online is to go through a domain name escrow service. An escrow service makes sure that neither you nor the consumer has access to the domain name and the funds simultaneously so that both of you can breathe easy about the exchange. With an online escrow site, you will still post the domain names in your possession on your own web site or an auction site, but when a purchaser intends to secure one of your domain names you sew up the deal on the escrow site where everything can be facilitated securely. The escrow firm makes certain both shopper and seller are secured and contented. A domain name escrow service protects you by requiring payment from the shopper before right to the domain name is transferred. Escrow services impose a small fee for listing your transaction with them and they act as a neutral independent party in the deal. Instead of paying you directly, the buyer remits money to the escrow service which then retains the payment until the shopper attests that the domain name has been transferred. The domain name escrow service will confirm that the payment is valid and not a falsified remittance before authorizing you to transfer rights to the domain name. Once the shopper notifies that the domain name has been conveyed successfully, the escrow service will release the funds to you. This means of reselling domain names safeguards the purchaser as well because you don't get payment until transfer of ownership has occurred. You don't have to feel uneasy about charge backs, bad checks, or fictitious payments and the purchaser doesn't have to feel uneasy about whether he'll get his domain name after having paid for it. In most cases, the higher degree of confidence that consumers have when dealing through a domain name escrow service results in more sales and higher-value sales, which mean higher profits for you. Every so often, an unscrupulous consumer will make an effort to cheat you of domain names by using a bogus escrow service. The fictitious site falsely informs you the buyer has remitted a payment and instructs you to deliver the domain name. Because it's a fake service, you end up having no money to show for your efforts and with no more control over the domain name. If a shopper insists on using an escrow service for the order, satisfy yourself about its legitimacy. Search web reviews, articles and directories to ascertain the business is real. You can also look at the listings in a WHOIS database to confirm the owner of the web address is the escrow service. Also see to it the site has a URL (address) that starts with "https://," which indicates the site is fitted with security systems. One very reputable domain name escrow service is PayPrimo.com. This escrow service not only has cutting edge security measures, like minimum 128-bit data encryption and sophisticated security defences to shield your data, but it also features a dispute resolution service to ensure that you and the buyer can work things out if a problem arises. Bona fide domain name escrow services, like PayPrimo.com, also use familiar and trackable money transfer options, like credit and debit cards. Your online escrow experience will also be greatly enhanced if your escrow service provides features like multiple payment options, including credit cards, debit cards, and wire transfers, along with comprehensive help guides, detailed transaction instructions, and an easy-to-use and versatile interface. If you are supplying domain names to people in other countries, it will be more flexible if your escrow service takes and conveys payments in multiple currencies, particularly EUR, USD and GBP, like PayPrimo does. In addition to cutting edge security and simple features, PayPrimo also offers an affiliate program that makes it simple to use PayPrimo with all your online transactions. For more information on  UK domain escrow  service click here.