Escrow.com emailed its customers today to announce a change to its fees. The fee change will be implemented on Friday, May 31, 2024. The price change will take effect at a later date for customers using APIs to create transactions.
It looks like lower priced deals will see a slight decrease in fees, but the fee will increase on higher priced deals. The new and old fee schedules are posted below, but here are two examples of how the fee change will impact deals.
$5,000 domain name sale:
- Current fee: $162.50 (3.25%)
- New fee: $130 (2.6%)
$100,000 domain name sale:
- Current fee: $890 (.89%)
- New fee: $1,900 (1.9%)
In addition to the fee change on standard deals, the change will also impact payment plan and lease deals facilitated by Escrow.com.
If you want to understand how the fee change will impact your sales, you can calculate it on your own using the fee schedule below or you can plug it into the Escrow.com fee calculator when that gets updated.
Thank you for posting this.
All good things must come to an end.
Ugh, for most of my transactions, this’ll be a massive 250% fee increase!
I hate to do it, but I’m going to have to direct people over to https://escrow.domains/
@J Johns – would you consider using Smart Contracts rather than escrow services?
Commission fees are 1% for private sales on https://gbm.domains meaning you get your funds instantly and pay a tiny commission fee!