© 2020 All rights reserved: Name Zoo Domains & Web Vision USA
Domain Purchase Info
Name Zoo and Web Vision sell domains through Escrow.com or with a signed agreement through Pay Pal for domains that are under $3000. These agreements must be signed and returned before any sale will proceed with Pay Pal. (Pay Pal sales are not used very often as a preference to protect Buyer and Seller we prefer Escrow.com) : Dan.com is an option for a Payment Plan also.. They are another secure platform for payment transactions. (Any payment plan will have use of the domain until paid for.. No illegal, adult sites. spam sites or other derogatory sites will be allowed on a payment plan.) After you have paid for the domain you can feel free to use the domain for whatever you wish.
How does Escrow Work?
Escrow.com reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.
Buyer and Seller agree to terms – Either the Buyer or Seller begins a transaction. After registering at Escrow.com, all parties agree to the terms of the transaction.
Buyer pays Escrow.com – The Buyer submits a payment by approved payment method to our secure Escrow Account, Escrow.com verifies the payment, the Seller is notified that funds have been secured ‘In Escrow’.
Seller ships merchandise to Buyer – Upon payment verification, the Seller is authorized to send the merchandise and submit tracking information. Escrow.com verifies that the Buyer receives the merchandise.
Buyer accepts merchandise – The Buyer has a set number of days to inspect the merchandise and the option to accept or reject it. The Buyer accepts the merchandise
Escrow.com pays the Seller – Escrow.com releases funds to the Seller from the Escrow Account.
Escrow.com Payment Program
- How Domain Name Holding works
Either Buyer or Seller can set up the Domain Holding transaction. Escrow.com receives notification and will contact both parties. If a Broker is involved, the Broker must set up the transaction for all parties. If the parties have a Promissory Note, Asset Agreement or Purchase Agreement, this can be incorporated into the Domain Holding Agreement.
- Escrow.com sends the Buyer and Seller (and Broker if applicable) the Domain Holding Agreement and asks all parties to review, sign and return.
- Once Escrow.com receives the signed agreement from all parties, we authorize the Buyer to send the first payment and any portion of the escrow fee they agreed to pay.
- When we receive the first payment, Escrow.com prompts the Seller to transfer the domain(s) to our account.
- When the domain(s) are received and locked in our account, the parties are notified and the first payment is released to the Seller.
- Escrow.com receives the scheduled payments from the Buyer and sends them to the Seller (and Broker if applicable) throughout the term of the transaction.
- When all payments are completed, the domain(s) are transferred to an account for the Buyer (if the transaction involves a domain sale) and the last payment is made to the Seller . If the transaction involves a lease, then the domain(s) would be returned to the Seller at the end of the term.
- The Domain Holding Service is where the domain(s) are held in escrow while the buyer makes scheduled payments.