New tool lets buyers make an offer on your domain.
Online escrow company Escrow.com has added a new feature it calls “Escrow Offer“.
The feature enables potential buyers to click a button on your website and make an offer. This is opposed to making a buy now purchase. If a deal is reached, the closing is handled through Escrow.com.
When a buyer clicks the listing’s Make Offer button, it sets up a negotiation between the prospective buyer and seller. The buyer is sent to a form where they submit the initial offer.
The seller is then informed via email. Both parties may view the negotiation history on the offer management page as well as accept, counter, or reject any offer or counteroffer made to them.
Multiple buyers may negotiate with a seller on a given listing during this time. When a seller accepts an offer, the buyer is guided through the payment process. When payment is secured by Escrow.com for the listing, the negotiation is formally closed.
john andrews says
Happy to see it. Will try it. Another step closer to self-hosted promoting, informing, and transacting domain sales without an aftermarket middleman.
Peer to peer syndication of availability/promotion someday would be great.
steve says
This is a super feature, Definitely will give it a shot.
I’ve had 3 Escrow transactions this past week, so we must be in prime domain selling season. I had only one the entire summer.
Michael D. says
One of the most important features from Escrow.com that can truly affect conversions and we got two comments. This industry is weird.
Quang says
I love it.
Domainer says
Escrow,com can keep offering new products but I still avoid using them because of the information requirement from new users. When I sell to a new buyer (or newbie), they make them jump thru hoops about themselves (buyer) that I and the buyer regret using them.
They are not ‘new customer’ friendly. Maybe, that is where they should try to improve. Then I will stop avoiding them.
I only use them if I really have to use them.
Henry says
I know what you mean. I lost a $5000+ sale because of that.