Are you interested in purchasing a website from a marketplace seller but are concerned about being duped or scammed? In this article, I will demonstrate how to use Escrow.com to buy a website online.
If you’re unfamiliar with what Escrow.com does, it’s an online platform that facilitates secure transactions between buyers and sellers by holding the funds in a third-party account until both parties have completed their end of the transaction.
5 steps to know about Using Escrow.com to Buy a Website online
Buying a website can be daunting, especially when transferring funds and ensuring that both parties are satisfied with the transaction. Using Escrow.com can give you peace of mind by providing a secure and reliable way to transfer funds.
Here are the steps to follow if you want to buy a website using Escrow.com:
1- Find the website you want to buy and negotiate the terms of the sale with the seller
First of all, as a buyer, you should find the website that you want to buy. Outwardly, there are plenty of sites where you find websites for sale such as Flippa.com, Yuros.com, and EmpireFlippers.com. But here, I recommend finding a website for transacting on Flippa.com, because it is the most trustful marketplace. So, when you find a specific website, you can start negotiating the terms of the sale with the seller and fixing the price to pay later on.
2- Agree on a price and the terms of the sale
As a buyer, you should agree on a price and the terms of the sale with the seller before moving to Escrow.com. In addition, you should ensure what the seller is going to give you. For example, any conditions and warranties which come with the website.
3- The seller will create an Escrow.com account and set up the transaction
Once you’ve agreed on the terms which include price, condition, and warranties, the seller will create an Escrow.com account and set up the transaction.
4- Receive an email from Escrow.com with instructions
In step number four, You’ll receive an email from Escrow.com with instructions on how to complete the transaction. So, You’ll need to provide your payment details, such as your credit card or bank account information.
5- Escrow.com holds the funds in a secure account until the website has been transferred to Buyers
In the last step, Once you’ve provided your payment details, Escrow.com will hold the funds in a secure account until the website has been transferred to you and you’re satisfied with the purchase. The seller will then receive the funds.
It’s important to note that Escrow.com does charge a fee for its services, which varies depending on the value of the transaction. However, this fee is generally split between the buyer and seller.
Selling a website using Escrow.com is just as easy:
First: Find a buyer and negotiate the terms of the sale.
Second: Agree on a price and the terms of the sale, including any conditions or warranties.
Third: Once you’ve agreed to the terms, you’ll create an Escrow.com account and set up the transaction.
Fourth: The buyer will receive an email from Escrow.com with instructions on how to complete the transaction. They’ll need to provide their payment details, such as their credit card or bank account information.
Last Step: Once the buyer has provided their payment details, Escrow.com will hold the funds in a secure account until you’ve transferred the website to the buyer and they’re satisfied with the purchase. You’ll then receive the funds.
In conclusion, using Escrow.com is a secure and reliable way to buy or sell a website. If you’re interested in learning more about the platform, be sure to visit their website and explore their services.
You can read too: How To Open A New Transaction On Escrow.com