API makes it easy for third-parties to integrate escrow services.
Escrow.com has released a new API in beta.
According to the company, the API will make it easy for websites, marketplaces, classifieds sites, shopping carts, and mobile apps to integrate Escrow.com’s services. The company says it’s as easy as integrating payment methods such as Stripe and PayPal.
Escrow.com already has integrations with many marketplaces, but I believe these were custom integrations. Now there’s a centralized API that any service can use.
Details of the beta API, including documenation, are here.
Escrow.com has long been the dominant escrow service for domain name transactions. It handled over $200 million in payments in the first half of this year. Freelancer.com acquired the company for $7.5 million in 2015.