Credit Cards Now Accepted at Payoneer Escrow | DomainInvesting.com
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Credit Cards Now Accepted at Payoneer Escrow

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payoneer-escrowA couple of months ago, I published an interview with Scott Reynolds, President of Payoneer Escrow. From speaking with Scott and Brandon Abbey, it was made clear to me that the company was going to make changes to its platform to help domain investors transact securely.

This morning, I was informed by Brandon Abbey that Payoneer Escrow is now “accepting credit card payments for transactions up to $2000.” This is a good idea because I find that some people that buy domain names from me aren’t all that familiar with wire transfers or are inconvenienced by having to send a wire transfer from their bank. Accepting credit cards makes it easier and quicker for those people to transact, and when there are less hurdles to completing a deal, it’s better for both parties.

One other update that was made at Payoneer Escrow is that if a transaction falls through, Payoneer Escrow will not charge the escrow fee. I am sure it would be annoying to go into escrow, have the other party cancel the deal, and still be charged a fee.

I have been trying to get a counterparty to use Payoneer Escrow for the last couple of months, and I will continue to try to do so in order to see how Payoneer works. I think competition is generally good for consumers, and having several domain name escrow options will benefit those of us who transact using escrow services.


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


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Comments (3)

    T

    Glad to see some new escrow services moving into the domain space.

    They got to get that $2,000 limit raised though. I do very few deals under that amount.

    November 8th, 2016 at 1:06 pm

    Rich

    Yes, All Escrow’s got to be at $10K in 2016 now.

    November 8th, 2016 at 3:25 pm

    Brandon Abbey

    Just want to make sure you know we accept wire transfer, ACH and e-check.

    Thanks

    November 9th, 2016 at 10:45 am

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