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Payoneer Escrow

Brandon Abbey

Payoneer Escrow Offering 50% Discount

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Payoneer Escrow has a special offer for new clients in conjunction with the Merge Show. I was told that the company is offering 50% off transactions for new customers. The offer is valid on transactions that are started at Payoneer Escrow from now until then end of 2017.

Although this offer is targeting people who have not used Payoneer Escrow before, current customers are able to use the discount if they do a deal with someone who is not a customer. By way of an example, if I (a Payoneer Escrow customer) sell a domain name to a company that has not used Payoneer Escrow before, the discount would be applied. In this case, the new user would start the transaction for the discount to be applied.

This is a nice acquisition (more…) → Read More


Buyers Can Now Start Transactions on Payoneer Escrow

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Since Payoneer launched its domain name escrow service, only domain name sellers have been permitted to set up transactions via Payoneer Escrow. As a buyer, this could be frustrating because I would have to rely on the domain owner to initiate a transaction, and I have found that the less friction there is, the less likely a domain owner will back out of a transaction. The sooner I can get a buyer to agree to a deal, sign the purchase agreement, and start escrow, the more likely a deal will close.

This afternoon, Payoneer Escrow announced a couple of platform updates. Domain name buyers now have the ability to initiate transactions at Payoneer. Since domain buyers may have more experience with Payoneer and/or domain name escrow services, this may make transactions easier to set up and quicker to transact.

In addition to this change, sellers can now communicate the domain name transfer or account change information to the buyer directly via the Payoneer Escrow platform. This is a minor change, but it can be helpful to have all → Read More


Payoneer Escrow Shares Update

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payoneer-escrowPayoneer Escrow is coming up on its one year anniversary as a domain industry licensed escrow service provider (the  company has existed  longer than that though). I reached out to the company to see if they could share an update about how their business is growing as well as a brief overview about the domain industry. Scott Reynolds, Payoneer Escrow GM, and Brandon Abbey, Director of Strategic Accounts at Payoneer Escrow, provided an update that I could share with readers.

The large escrow providers likely have the best view of the health of the domain space at large. Although licensed escrow providers like Payoneer Escrow and Escrow.com can not generally disclose specifics about deals transacted via their services, I think it is helpful when they offer insights about the current state of the domain business.

Here is what Scott and Brandon shared with me: (more…) → Read More


Payoneer Escrow Offering 50% Discount in April

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Payoneer EscrowPayoneer Escrow, a payments company that entered the domain name escrow business late last year, has a special offer I thought I would share with you. The company is offering "50% off domain escrow payment fees when you complete a domain escrow transaction anytime until April 30, 2017." By way of an example, on a $10,000 deal, the escrow fee would be $62.50 ($125 regular price) if the transaction is started during the month of April.

Despite its standing as a major player in the payment processing space, Payoneer's domain name escrow service is operating like a startup. I interviewed Payoneer Escrow  President Scott Reynolds last year, and he gave a good overview of the company and its plans for the domain space.  The company hired industry veteran Brandon Abbey, who was President of Escrow.com for a number of years, and he currently serves as a company Director.

"Recently we have made a number of changes to the system to enhance the user experience for domainers," Brandon told me last night. "Many of these have come directly → Read More


Payoneer Escrow Hiring Director of Product Management

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payoneer-escrowBrandon Abbey shared a job opening on LinkedIn that I want to share with readers. Payoneer is looking to hire a Director of Product Management in its Palo Alto, California office. This full time Director-level position will work directly with the Payoneer Escrow team.

I looked through the listed responsibilities of this job opening, and it seems like it could be a good fit for someone who has domain industry experience. From my perspective, a domain name escrow company is most effective if it can tailor its offerings specifically to the needs of domain investors. There are many types of domain name deals, and being able to service creative deals is helpful. Someone with domain investment experience should be able to offer their insight and experience to help Payoneer Escrow grow its domain industry business.

While Payoneer is new to the domain escrow space, the company is growing. In fact, according to an article in the New York Business Journal in October, (more…) → Read More


Credit Cards Now Accepted at Payoneer Escrow

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payoneer-escrowA couple of months ago, I published an interview with Scott Reynolds, President of Payoneer Escrow. From speaking with Scott and Brandon Abbey, it was made clear to me that the company was going to make changes to its platform to help domain investors transact securely.

This morning, I was informed by Brandon Abbey that Payoneer Escrow is now "accepting credit card payments for transactions up to $2000." This is a good idea because I find that some people that buy domain names from me aren't all that familiar with wire transfers or are inconvenienced by having to send a wire transfer from their bank. Accepting credit cards makes it easier and quicker for those people to transact, and when there are less hurdles to completing a deal, it's better for both parties.

One other update that was made at Payoneer Escrow is (more…) → Read More


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