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.
I’ve added the least to own (LTO) option on nearly all of the domain names I have listed for sale with BIN prices. LTO can make it easier for a buyer with a smaller budget to have access to a more valuable domain name. They can use the domain name to grow the business while paying it off. A seller can also benefit from a steady stream of income. It can be a win/win.
Platforms that offer LTO allow the seller to choose the length of time for the LTO. Sellers can generally choose anywhere from 2 months to 60 months, depending on the purchase price. Typically, I’ve been choosing 36-48 months, depending on the price point.
Atom.com Founder and CEO Darpan Munjal shared some insight that could be helpful to sellers in selecting the length of time they are willing to offer for LTO deals:
I was looking at a list of domain names coming up for auction soon on NameJet, and I noticed a domain name that sounded familiar. According to its Network Solutions landing page, SeanJohn.com expired. Strangely, the messaging on the landing page says the domain name expired on May 11, 2021.
Last Summer, it was announced that Nick Huber and Shaan Puri invested in a company known as Support Shepherd. Last week, the company rebranded as Somewhere after acquiring Somewhere.com for $400,000.
There was a big discussion about the rebrand and domain acquisition on X. Yesterday, Shaan posted a poll on X asking people if they think it was worth $400k to acquire the domain name for the rebrand:
We spent $400,000 on the domain https://t.co/gWHLlUAraL to rebrand Support Shepherd.
What do you think – Worth it or Not?
— Shaan Puri (@ShaanVP) May 21, 2024
With more than 10,000 votes cast, 70%+ answered “no.”
I bid on domain name auctions every day, and I win domain names on most days. Once these domain names are paid for and provisioned to my registrar account, I have a checklist in my head to make sure they are listed for sale accurately and resolve correctly.
Here’s my post-auction checklist for inventory-quality domain names I bought to re-sell to ensure names don’t fall through the cracks:
