In January of 2012, Escrow.com announced that the company had surpassed $1 billion in transactions. Just a little over a year later, and the company has closed an additional half a billion in total transactions. From my perspective, the growth rate is as impressive as the total transaction volume.
According to a press release this morning, “Escrow.com is pleased to announce that they have surpassed $1.5 Billion in secured settled transactions and continues to establish itself as the leading provider of secure business and transaction management on the Internet.”
Since Escrow.com is the preferred escrow service of Ebay, Cars.com, and other companies, I don’t know what percentage of this huge dollar amount is domain sales. I would guess it’s a considerable amount considering the widespread usage of the company’s services across the domain industry.
Congratulations to the team at Escrow.com, and as always, I appreciate the company’s sponsorship of my blog.
Here’s the press release announcing the news: