At the end of February, Escrow.com announced that the company would begin accepting Euros for transactions, and the target date was sometime in April. This came as good news for domain investors in Europe, who most likely had to deal with currency conversion, which isn’t cheap.
I just heard that Escrow.com is now accepting Euros. This morning, the company released this ability on domain name and general merchandise transactions, and the currency is also supported through Escrow.com’s API.
The fees mirror the company’s USD fee schedule, but the minimum fee is 35 Euros (vs. $25 USD). Wire transfer will be the only incoming payment type and disbursement type for Euro-based transactions, and the company will not charge the seller a disbursement fee. Visit the Escrow.com fee calculator page to see the fee schedule.
I am told that Escrow.com will roll out Euro transactions for other transaction types such as vehicle, domain name holding, broker, and milestone “in the near future.”
Domain investors have requested that Escrow.com accept other currencies, and I will keep you updated if the company begins accepting additional currencies.
Finally… That might help grow domain sales, as significant part of domain sales is from Euro zone…
Escrow is a great company, maybe time to open a office out there, seeing a lot more leads come out of Europe, they are usually a bit more receptive to go thru someone who has a office close to them, ie) Sedo escrow…
Thanks for the comments and posts. I will be at DomainingSpain next week if anyone has questions about our services.
@ Andree Hill –
You support PayPal, PayPal supports EUR, why you then don’t support EUR payments via PayPal as well?
We may in the future. As an escrow company, the transferring and replacing of trust funds can get complicated when involving PayPal and credit cards. If the business warrants it, you will see us expand the options.
escrow.com really needs to add £ british pounds
established in the 12th century
the euro was 1999 off top of my head and I guarantee the euro will cease to be a currency in a few short years
please don’t make us wait months for this
it can’t be difficult to incorporate
then domainnamesales will add as an option rather than just $ also
Offering Euro pricing brings Escrow.com into direct competition with Transpact.com.
Not much competition though:
Escrow.com Euro pricing: 3.5% (minimum €35)
Transpact.com pricing: €6.98 fixed all-in
I don’t see how Escrow.com is going to win any business in this market with Transpact.com being so much cheaper (and Transpact.com is already well established in Europe and the Euro market as well as other currencies).
Never heard of them before.
Wow, how could you not have heard of them ?
For example, this was a Transpact.com press story last December:
‘When Nick Holzherr, finalist of the BBC Apprentice 2012, wished to buy the domain name Whisk.com for his radical ingredient ordering business (first pitched to Lord Sugar in the BBC Apprentice 2012 final, and now secured by leading venture capital funding), he chose Transpact.com to safeguard his domain-name purchase.
Transpact.com allowed Nick to achieve the best escrow protection on the market today, by being able to specify his own escrow protection terms, to tailor fit the protection to his transaction.
And with Transpact.com’s top-quality service, most impressive payment time-scales, and a price over 55% lower than other mainstream services (the final cost Nick paid for escrow was under $100), Nick was more than delighted with Transpact.com’s service when buying Whisk.com.
“The great customer service I got was unexpected at the price I paid but made the transaction easy. I’d recommend them to anyone.” Said Nick Holzherr.’
Nope… as far as I am concerned, I’ll only use Escrow.com unless the buyer insists upon using a company like Sedo or Afternic. Now that Escrow.com accepts Euros, I would be suspicious if someone required another escrow service to close a deal.
Transpact looks good to me.
Huge savings to be had when comparing to the usual suspects (Sedo, Escrow)…
You ever used them. How seamless is their process?