Update: After publishing this article, I heard from Freelancer.com CEO Matt Barrie (Freelancer is the parent company of Escrow.com). Matt told me the information in the article is incorrect, and these countries were added to the “do not service” list in error.
Matt’s full statement to me is here:
“The article is erroneous – we do service those countries listed today.
We updated our compliance processes yesterday and moved a few countries to a higher risk category in the database, which seems to have auto-populated the website for our “do not service” list which is incorrect and we are getting corrected immediately.
To be clear, we continue to support China and Israel.
The only restriction that I am aware of in that list is that there is a total goods embargo BETWEEN the countries of Turkey and Israel currently.”
Escrow.com maintains a list of countries / regions from which it does not support payments. Buyers and sellers in these regions can not receive payments or disburse to bank accounts from these countries. In 2019, Escrow.com made some waves when it added Russia and the US state of Alabama to this list. Since then, the state of Alabama seems to have been removed from this list.
In its most recent update, Escrow.com added 18 countries/regions to its list of countries not supported by Escrow.com. The two countries that stood out the most to me are Israel and China. I know of many domain registrants who live in these two countries, and I also know there are many businesses in these two countries that acquire and use high value domain names.
This afternoon, I learned about the launch of a new registrar and marketplace brand called Taku – using Taku.com. The brand was launched by GMO Internet Group, a company that is traded publicly on the Tokyo Stock Exchange, which operates other brands that primarily operate in Asia.