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Escrow.com acquired for $7.5 million

Company known for securing domain name transactions is acquired by Australian company.

Escrow.comFreelancer.com, an online marketplace for freelance services, has acquired escrow service Escrow.com for $7.5 million.

Escrow.com is a popular service among domain name investors and has handled over $2.2 billion worth of transactions to date.

Margins for escrow services are slim, and today’s acquisition announcement puts it in perspective: Escrow.com handled $220 million transactions last year, generating $5 million in revenue and just $1.2 million EBITDA.

Escrow.com will remain a California based company and will operate as usual going forward.

Freelancer.com recently raised AUD$10 million, in part to fund the acquisition.

I’ve reached out to Escrow.com president Brandon Abbey to find out if he will be continuing with the company.

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  1. jZ says

    wow. very concerning. i am not sure how escrow.com will continue to work as they do being owned by an Australian company. i certainly hope they keep the operations stateside as if wires are coming out of Australia i am going to look for other options..it also seems extremely cheap. i don’t get why they would sell.

    • Ryan says

      Like escrowhill in NZ

      Funny agreed got bought out, now everything is owned upside down, I do not get this deal, I am sure escrow could have raised a higher offer stateside

    • Sam A says

      It says in the press release “The Escrow.com group staff will be continuing with the California-based business.” The service is great and hopefully this means that the escrow.com UI gets an overhaul, it’s been pretty stagnant for 10-years!

  2. BT says

    They’ll probably raise rates. escrow has been too cheap for too long given the value of deals on the platform.

  3. Aron says

    Escrow.com has always been one of the best peace of mind services for the domain industry. I hope the level of service stays the same. Congrats to both parties.

  4. thelegendaryjp says

    I agree, the best option out there past and present and hope it remains as such. As far as their UI goes, who cares, simple, works and easy to navigate. I would be ok with a fee raise, don’t say that often.

    As far as the price, yikes I too feel they could have squeezed more out if public but maybe there are other factors.

  5. Paolo says

    It’s time for European professionals to wake up and take this great chance to create a valid alternative in Europe, for europeans, independent, subject to European law, with low payment fees (since as you know wire transfers have the same cost within Euro area, as it was a domestic wire transfer), with funds received in 1 day, etc. and with the peace of mind that for any problem you can always take legal actions paying “low” fees, etc.

    Wake up Europeans… Create a copy of Escrow.com with all the features they have clearly available on their web site with few click (for instance the “buy it now button”), but for Europe, add maybe also translations in some most important languages to raise the level of trust perceived by prospect buyers…

    This is something that has been lacking for 10 years in Europe….

  6. Jill says

    Freelancer? Ugh. Do not like this at all. Crap. Oh well, will find another escrow service to use from now on.

  7. Miky says

    You are not alone, it’s no longer the same thing for me now, looking how they did when they opened freemarket to domains. They shown no respect for domain investors, no attention to their needs.

  8. David says

    It seems like an extremely low price to me, especially since the domain itself is likely a 7 figure name all by itself, without the business.

  9. Ryan says

    I think one of the greatest powers that be are the crowd, there are about 100 active domainers that probably read such blogs day in day out, the combined buying power of such a group they could have bought such an asset, as they are the main users, and the most passionate.

    They must have got agreed.com for a steal, if they sold the whole lot for $7.5M

  10. alexanderlunnon says

    I would love to know what people love about escrow.com and not other services like escrowhill.com

    • Brandon says

      In a nutshell – We are a licensed and government audited escrow company that has been supporting the domain community for 16 years.

  11. Brandon says

    Escrow.com will be operating exactly the same way we always have. Instead of being owned by an individual investor we will be owned by a public company with a market cap of around $500M. What this means to the domain community is continued product innovation at a much faster pace. I have been meeting with executives from Freelancer for the past two weeks and their resources are incredible compared to what we have. This is good for our employees, Freelancer and most importantly our customers. As always, thank you for your business and your trust.

    Brandon

  12. Domainer Extraordinaire says

    Looks like the buyers are pulling a Moniker. They have been mucking around with the website. I haven’t been able to log in with Firefox for a week. For awhile I could with IE. Not now. Emails have stuff like To view the details of this transaction, please sign in to your account at $(TransactionURL). and $(PartnerContent)

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