We use Escrow.com to protect everyone at the table.
Escrow.com has has been in business for 20 years and they have processed over $4 billion USD in transactions. Escrow.com is licensed, bonded, insured and they regularly get audited by several independent agencies. It is the safest payment method for domain transactions. They hold funds in a trust account during the domain transfer process, protecting Sellers from payment recalls and Buyers from non-delivery.
All transactions have 6 simple steps:
1. Brannans.com sets up the transaction.
2. Buyer and Seller agree to the terms of the transaction.
3. Buyer submits payment to Escrow.com‘s trust account
4. Once Escrow.com confirms the payment is secured, the Seller transfers the domain to the Buyer
5. When the domain transfer is complete, the Buyer confirms receipt of the domain (or Escrow.com does upon verifying whois and/or confirmation from the leaving registrar if privacy is enabled)
6. Escrow.com releases payment to the Seller
To set up an Escrow.com account, follow the steps below:
1. Sign up for an account at Escrow.com
2. Go to Escrow.com/verify to complete your profile and verify
3. Verify your personal details by submitting a photo of your government-issued ID. A recent utility bill or bank statement in your name with your current address may also be required for address verification.
If you will be sending or receiving funds using a company bank account, you will also need to add and verify your company details. If the payment is sent to a personal bank account, then step 4. below is not necessary.
4. Verify your company details by submitting a copy of your certificate of incorporation or other proof of company registration. Other documentation is sometimes requested by Escrow.com’s compliance department to complete this step.