What Currencies Should Escrow.com Add?
Neustar Domain Names

What Other Currencies Should Escrow.com Consider Adding?

27

Escrow.com announced that the company would begin accepting Euros for payment beginning at the end of April. Knowing that the domain industry crosses borders, I am wondering what other currencies Escrow.com should consider adding to help with your business.

One issue of course is that it’s far easier to transact in a foreign currency if both parties use the same currency. For instance, it might be expensive for me to complete a deal in Yuan since I will then have to convert to US Dollars, costing me a few points on the transaction.

Feel free to share what other currency Escrow.com should consider adding. If you’re like me and are happy with US Dollars, there’s no need to cast a vote.



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 (27)

    Anthony

    Just concluded a domain sale with Escrow for $X,XXX payment took 1 day into my UK bank account.

    Escrow.com is the nuts.

    February 27th, 2013 at 1:53 pm

    andy kelly

    Great to see euro option added but UK sterling is long overdue. Actually I asked Andee about £ transactions maybe 6 months back and got the impression it was on track for this year.

    February 27th, 2013 at 2:07 pm

    Tom

    GBP is a must, I have done lots of business out of the UK, AUD is emerging as well. Yuan, might be a good investment as well, as this is an extremely strong market, with lots of money flowing. INR is nothing something that I could care to much about, just to many low ball offers, and differing economies of scale, make deals very hard to complete.

    February 27th, 2013 at 2:09 pm

    Rahul

    How about Bitcoins? :-)

    February 27th, 2013 at 2:19 pm

    Kannan

    Agreed GBP option is overdue. INR would be easy for Indian domainers/buyers to fund escrow. why worry about scale? Buyers will anyway pay the dollar value but fund their escrow with the local currency.

    February 27th, 2013 at 2:20 pm

    @Domains

    Canadian dollahs!!

    February 27th, 2013 at 2:59 pm

      Tom

      With Canadian, and US trading so closely together, would be an interesting point, considering some of the biggest domain holders in the world are CDN.

      February 27th, 2013 at 3:02 pm

    Donny

    Bit Coin! It’s the currency of the future. :)

    February 27th, 2013 at 3:08 pm

    Andee Hill

    Hi Everyone,
    Thank you for all the comments. Seems we are getting a lot of votes for GBP.
    We offered this poll on our FB page a few months ago. I’ll be checking back for updates.

    February 27th, 2013 at 4:28 pm

    Guy

    great idea for a poll Elliot
    I voted for £ as in UK and LONG overdue
    UK Domainers are a big slice of domaining business outside U.S of course
    I think canadian dollar has to be on poll
    .ca is obviously closest to their heart but .com too
    also many huge and legendary domainers from Canada
    I think Aussie dollar too as never had any probs in getting paid in £ via paypal from them but nice to give option to them for escrow as Aussie busines owners are great to do business with, great crowd
    and again many BIG Aussie domainers too

    February 27th, 2013 at 5:20 pm

    Jeff Schneider

    Hello Elliot

    The Renminbi will be adopted sooner or later.Big buyers of Digital Real Estate,
    especially .COM Foundations.

    Gratefully, Jeff Schneider (Contact Group) (Metal Tiger)

    February 27th, 2013 at 6:02 pm

    Guy

    everytime I see the above signature, I think of the ‘prestige worldwide’ sketch on step brothers lol

    investors? ……. could be you!
    lol

    February 27th, 2013 at 6:40 pm

    Anonymous

    Why pick one or two?

    At a minimum add Bitcoin so anyone from anywhere in the whole world can pay.

    February 28th, 2013 at 9:16 am

      Elliot Silver

      I asked people to pick one because I assume if the options are USD, Euros, or a #3, that would be sufficient. A couple others mentioned bitcoins, too.

      February 28th, 2013 at 9:18 am

    Roger V.

    BITCOIN!
    Escrow transactions could be done start to finish same day!

    February 28th, 2013 at 11:13 am

    wolf

    Euros is not even an option ??
    How silly is this !!!

    February 28th, 2013 at 11:41 am

    Richard

    Bitcoin all the way!

    February 28th, 2013 at 4:12 pm

    Andee Hill

    Hello everyone.
    We may run into regulatory issues with Bitcoin. However, we are listening, keep voting!

    February 28th, 2013 at 6:47 pm

    justm3

    Bitcoin! As others already said the one and only currency of the future :)

    March 1st, 2013 at 5:34 pm

    HELP.org

    With the advent of Bitcoin Escrow.com is no longer needed. With Bitcoin all you need is a “mediator”, not an Escrow agent. A 3-person transaction can be set up so that if 2 of the 3 agree it is completed. The buyer funds the transaction and it is verifiable by the seller. If everything goes through they both agree and the money is released. If there is a dispute they call in the mediator who decides who gets the funds. The mediator never gets full control of the funds and is only needed if there is a dispute. Why would I need escrow.com anymore?

    March 1st, 2013 at 11:38 pm

      Tiago

      That’s pretty much what an escrow is, HELP.org. A mediator in a contract, somebody that will decide who’s right and who’s wrong in the even of a dispute.

      March 14th, 2013 at 10:32 am

    Andee Hill

    Escrow.com is a licensed and regulated Escrow company. We are not an online currency or a mediation service.

    March 14th, 2013 at 1:52 pm

    HELP.org

    We may not need currency transfer services in the future. If you look at the US Dollar from the point of view of Bitcoin the Dollar has effectively collapsed. One year ago a Bitcoin cost about $6 and now it is $46. That means the dollar has lost 87% of its value in one year as compared to Bitcoin. Even if you use services to convert Bitcoin into dollars when you need them (at a few percent fee) you are still way ahead.

    March 14th, 2013 at 8:56 pm

    lee hodgson

    bitcoins please

    May 5th, 2013 at 1:26 am

    JOhn SMith

    Bitcoins FTW!

    August 14th, 2014 at 8:08 am

    Ed

    Bitcoins please

    November 7th, 2014 at 11:23 am

    Festus Martingale

    I’d happily use your service if you allowed Bitcoin as an escrow currency.

    January 19th, 2016 at 7:39 pm

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