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How does Escrow Work?
Escrow.com reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.
Domain Redux will be required to pay a fee by using the Domain Concierge. The Domain Concierge Service will hold the domain securely in Escrow.com's registrar account throughout the transaction and ensure safe delivery to you, the buyer.
- Buyer and Seller agree to terms - After registering and/or initiating the transaction at Escrow.com, all parties agree to the terms of the transaction.
- Domain Redux pays Escrow.com and then transfers domain(s) - When the transaction has been agreed by all parties, we request the buyer to send funds and the seller to transfer the domain(s) to Escrow.com's secure holding account.
- Buyer receives domain(s) and Seller receives funds - When the domain(s) are received in our holding account and have been checked against the purchase agreement, Escrow.com will transfer the domain(s) to the buyer's registrar and disburse funds to the seller. As the domain has already been checked by Escrow.com, there is no need for an inspection period.