Escrow.com tops $1.5 billion in transactions
Milestone shows that Escrow.com is growing very fast.
I seems like just last year that I was writing about Escrow.com topping the $1 billion mark. And that’s because it was just last year that the company announced it had crossed the $1 billion transaction milestone.
Now, about 16 months later, Escrow.com says it has already hit $1.5 billion in transactions.
It took the company 11 years to hit the first $1 billion and just over a year to hit $1.5 billion, so the company is clearly firing on all-cylinders.
A lot of it has to do with the partnerships Escrow.com has formed with the domain industry, and especially brokers. The company’s broker offering, released one year ago this month, allows domain brokers to initiate transactions and then Escrow.com sends the broker its commission directly from the escrow proceeds. Prior to the new broker tool, brokered transactions at Escrow.com would require the domain seller to send a separate payment to the broker.