Tell us has your experience with this business or person been good?
Escrow.Com, EC Services Corporation Ripoff! Escrow Service Placed Stop Payment On Funds!! Do NOT Use This Service!! Irvine California
I sold a domain name to a buyer in the agreed upon amount of $3,000. We both agreed to use the services of Escrow.Com to act as a third party.
Escrow.Com would hold the $3,000 until the domain was transferred and then send payment via next day delivery which they charged me $20 for.
I transferred complete ownership of the domain name over to the buyer and after the agreed upon expection period of one day expired Escrow.com sent the $3,000 payment in the form of a check from their trust account.
I deposited the check and received notice from my bank that Escrow.Com placed a stop payment on the check.
I never received an email or phone call to notify me of this. After I discovered that Escrow.Com placed the stop payment I emailed them and received a reply that" The buyer had a family emergency and decided not to purchase the domain".
But, the domain was already transferred into the buyers ownership and I think that Escrow.Com should have notified the buyer that the transaction was already completed per terms that both the seller and buyer agreed to.
I am now out of my domain name and the agreed upon payment of $3,000. I have emailed both the buyer and Escrow.Com to no avail., they won't even reply to the emails.
DO NOT USE their services for any transaction!!! I have since discovered that they do this on a regular basis! Use other escrow services!