DomainInvesting.com

One unfortunate speed bump and occasional roadblock I encounter when closing deals is the KYC requirements at Escrow.com. Oftentimes, it can be a minor inconvenience to get the other party verified. Sometimes, particularly when dealing with large corporate entities, it becomes impossible and it can complicate a deal at a critical time.

Let’s say I am selling a domain name to Example Company, a multi billion dollar organization that is traded publicly. At closing, I often deal with a senior legal counsel or CTO to paper a deal and close it. With the Escrow.com KYC requirements, not only does Example Company need to be KYC’d, but the individual closing the deal also needs to submit documents. Getting someone who has no vested interest or benefit from a deal to submit personal ID and documents has been problematic.

I have a “policy” of not sharing my sales for numerous reasons that I shared before. Others like sharing their sales for their own reasons. As an industry participant and publisher, I am always willing to highlight and/or report on a domain name sale I discovered or learned about.

Earlier this week, someone shared some details about a fantastic domain name sale that could have gone under the radar. According to the tweet below, ABiologics.com was sold via Squadhelp for $26,499. Impressively, this was reportedly a hand registered domain name as the seller needed to wait until the 60 day ICANN lock:

Hand reg, so waited a month to transfer this #domain.
Thank the buyer’s patience. pic.twitter.com/j61u43xBjs

— Steley (@Steley) December 7, 2023

The seller could have kept this sale private and used this internal data to secure additional, similar domain names. If it were me, I would probably think that if ABiologics.com sold for more than $25k, perhaps other letter Biologics.com domain names could have substantial value to someone else. I would have gone through the alphabet and registered whatever was available and put those up on Squadhelp. That may have been a lightning bolt sale, but it would have been worth up to $250 to register other available domain names.