Domain company ready to enter the domain escrow business.
Thought Convergence, the company behind domain parking company TrafficZ and domain sales and parking platform Aftermarket.com, is getting ready to launch its own domain escrow service.
The company, which tends to pick high quality domains for its new products, has named the new service Agreed. Naturally, you can find it online at agreed.com.
Right now the site just has a basic “coming soon” page with this description:
Intuitive and robust escrow platform. Friendly and knowledgeable staff. Flexible payment and fulfillment options so that you can easily transfer money, domains, and websites, safely and securely. From quick and simple deals to complex financed or leased transactions, you’ll want to close the deal with Agreed.
The site also mentions that the service will be licensed.
The domain name escrow business is currently dominated by California based Escrow.com. Escrow.com is Aftermarket.com’s current escrow partner.
Adam says
Is escrow.com the “leader” ?
Sedo does a fair amount of escrow transaction.
Oh and prepare for astro-turfing about ecop.com
Andrew Allemann says
I guess if you include the escrow they do on sales. I meant it as third party escrow. Otherwise they’ve said escrow only transactions are a small amount of their weekly sales.
Ron says
Let’s hope the raise credit card limit to $10K, end users like charging their cards, and do not like wire transfers, especially having to go through accounting..
cybertonic says
Welcome to the new escrow player!
Hope to see you soon listed here:
http://www.domaining.com/directory/domain-escrow/
Kassey says
Good to see competition. Ammar Kubba is very smart, so I expect Agreed to do well.
JohnE says
Ammar is one of the shinning stars in the Biz
Genny says
“…to complex financed or leased transactions…”
K.I.S.S.
John says
It’s about the time a domain escrow service embraces Bitcoin as a payment option. I remember suggesting that to ecop.com an year ago and their customer support made fun of it, which was reason enough for me to never want to use their services again. I only hope Agreed.com will have a bit more vision and attend the growing number of domainers that use Bitcoin.
Andrew Allemann says
I suspect it would be hard to get licensed by the various U.S. states while accepting Bitcoin.
John says
No need to get any type of license, just integrate with a payment processor like BitPay.com and allow Bitcoin payments while receiving either Bitcoin or USD on your end. BitPay.com is now serving over 10,000 merchants wordlwide, there is no reason for the domain industry to be out of this.
Disclaimer: I have no affiliation with BitPay.com
Kassey says
While the idea is good, I don’t think central banks around the world will let it take off.
John says
Please take time to investigate and realize it is already taking off. US has many issues but Coinbase is an US company, fully licensed to transmit money in 50 states and exchange fiat for Bitcoin. Germany gov has *officially* recognized Bitcoin as legal, ‘private currency’. Canada is a friendly nation to Bitcoin and has numerous startups. The domain industry should at least try to be on the vanguard in this aspect given its very nature dealing with virtual assets, and it’s unfortunate to see it’s missing the wagon.
My personal experience as a domainer should give you an additional parameter: over $50k in related domain sales this year to Bitcoin startups, and not a single service that I can trust to escrow the names using Bitcoin payment.