Congratulations are in order for Escrow.com, as the company just announced that it surpassed $2 billion in total transactions. The company had announced $1.5 billion in transactions in May of last year, and they previously announced $1 billion in transactions earlier in 2013.
I am under the impression that a considerable amount of Escrow.com’s business is the facilitation of domain name sales, and I don’t think it’s a stretch to say that the company’s growth is a testament to the strength of the secondary market. It’s also clearly a testament to Escrow.com’s exceptional reputation.
Congratulations to Brandon Abbey and his team at Escrow.com on this achievement. The full release is below:
Escrow.com, the pioneer of online escrow services, today announced it has achieved record growth in 2013. The company has signed a significant amount of new partnerships and reached the $2 billion mark after hitting record volumes throughout the year. Escrow.com attributes recent growth to its innovative technology approach, its loyal customer base, and the ability to meet the demand of new and existing customers alike.
For nearly 15 years, Escrow.com has, and continues to be, the market leader for safe online escrow transactions while aligning themselves with the top names in eCommerce, including Go Daddy, Cars.com, Flippa.com, AutoTrader, RapNet, eBay Motors, uShip and through strategic partnerships with various U.S. and international government trade agencies. Escrow.com reduces the potential risk of fraud by acting as a trusted third party that collects, holds and disburses funds according to Buyer and Seller instructions. Escrow.com is a government licensed and regulated online escrow company compliant with Escrow Law.
“Escrow.com has proven to be a true partner with a very powerful solution. Their online escrow service is simple yet elegant, offering customers the ultimate in security when transacting over the Internet, ” said MediaOptions.com CEO, Andrew Rosener. “They have played, and will continue to play, a major role in fueling the domain name industry, and many others, for years to come.”
“Protecting both sides of the transactions is our number one priority,” said Escrow.com President and Managing Director, Brandon Abbey. “We have a world class team that supports a stellar group of partners and clients. All indications are that 2014 will be our best year ever.”
The improving picture bodes well for transactions of all types and sizes. Abbey continues, “We just learned that U.S. exports hit monthly records again in December 2013. That’s why we continue our efforts in support of export trade. For example, we are co-hosting a trade event next month focused on Brazil (Brazil is Just One Step Away) as well as many others domestic and international events in 2014.”
Headquartered in Rancho Santa Margarita, CA, Escrow.com, a privately held company, has pioneered the process of online escrow services. The Company, founded in 1999 by Fidelity National Financial, has established itself as the leading provider of secure business and consumer transaction management on the Internet. Escrow.com is a government licensed and regulated online escrow company compliant with Escrow Law.