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Payoneer Escrow Now Offering Domain Holding Transactions

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Last night on Domain Boardroom, I learned that domain name sellers and domain brokers can now use Payoneer Escrow for domain name deals with payment plans. At the present time, this includes domain sales using payment plans where the buyer pays over time. I understand the company intends to add additional types of domain name deals in the future.

Brandon Abbey explained how it works and what it costs to set up a holding transaction with Payoneer:

"Sellers and Brokers can initiate transactions. There is an initial down/first payment amount of at least $100. Escrow fee is paid over the term of the transaction, not upfront as others require. What does it cost? Our standard escrow fee amortized over the term and the buyer pays a $20/month holding fee."

I think the main best part of this (more…) → Read More


Payoneer Escrow Offering 50% Discount in April

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Payoneer EscrowPayoneer Escrow, a payments company that entered the domain name escrow business late last year, has a special offer I thought I would share with you. The company is offering "50% off domain escrow payment fees when you complete a domain escrow transaction anytime until April 30, 2017." By way of an example, on a $10,000 deal, the escrow fee would be $62.50 ($125 regular price) if the transaction is started during the month of April.

Despite its standing as a major player in the payment processing space, Payoneer's domain name escrow service is operating like a startup. I interviewed Payoneer Escrow President Scott Reynolds last year, and he gave a good overview of the company and its plans for the domain space. The company hired industry veteran Brandon Abbey, who was President of Escrow.com for a number of years, and he currently serves as a company Director.

"Recently we have made a number of changes to the system to enhance the user experience for domainers," Brandon told me last night. "Many of these have come directly → Read More


Domain Boardroom Celebrates 10th Birthday

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Domain Boardroom, a private domain industry discussion forum founded by Donna Mahony, is celebrating its 10th birthday today:




I have been a member of DBR since Donna created it, and it is hard to believe it has been ten years already. To put it in perspective for me a bit, I wasn't even married when I joined!

Donna told me there are approximately 200 members of Domain Boardroom. She also said there is usually a list of at least 50 applications from people who are interested in becoming members of DBR.

Here's what Donna had to say about DBR on its 10th birthday: (more…) → Read More


Mike Mann Has “best month yet”

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Mike Mann's company owns one of the largest private domain name portfolios, which he sells via his marketplace, DomainMarket.com. This morning on Twitter, he announced that this has been "the best month yet" in his 20 year career selling domain names:




While the success of one person or company doesn't necessary mean much for the entire industry, I think Mike's tweet is notable given the size and broad nature of his company's domain name portfolio. It would be more notable for the domain name resale market at large if other large portfolio owners also shared that they had a great month.

My company has a relatively small portfolio of 500+/- domain names, so my monthly sales results wouldn't be any kind of barometer for the industry in general. A few anomalously large sales can move the needle. Essentially, the velocity of my sales and offers wouldn't be any kind of indicator of the health of the domain → Read More


Victor Pitts Hired by MMX as Director of Premium Sales

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MMX LogoThis morning, I received an announcement about another noteworthy domain industry hiring. Industry veteran Victor Pitts has joined MMX (formerly known as Minds & Machines) as Director of Premium Sales for the Americas. Many people in the domain space likely know Victor from his days at Moniker (and Oversee.net), and more recently at Above.com.

In his new role with MMX, Victor will be working on selling some of the premium-designated domain names in the new extensions operated by MMX. Victor will also be working on various industry partnerships. I am sure his industry experience will be particularly helpful with the later aspect of his new role.

MMX also recently hired Solomon Amoako as VP of Channel Management.

The press release announcing the news is found below. Thank you to Simon Cousins for sharing the news with me. (more…) → Read More


Epik Hires Joseph Peterson as Director of Operations

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epikRob Monster, CEO of Epik, announced the hiring of Joseph Peterson as Director of Operations at Epik. Many people in the domain industry will recognize Joseph's name from his articles written on Domain Name Wire, as well as his well thought out written contributions in comments on domain industry blogs and forums.

This hiring is the second big announcement from Epik in the last couple of weeks. Two weeks ago, the company announced the acquisition of Undeveloped.com, a domain name sales marketplace. Although the value of the deal was not shared at the time of the announcement, Rob later told OnlineDomain.com the price was 4 million Euros.

The press release distributed by Epik has more information about Joseph's background and the role he will have at the company. You can find that below: (more…) → Read More


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