Escrow Companies and Due Diligence

Globe business concept

Choosing an Online Escrow Company

After reading all the threads at DNForum about problems with Toby Clements escrow service and seeing a great article about due diligence, posted on Andee Hill‘s feed on her Facebook page, I decided it was time for some due diligence of my own. I’ve put together some important questions for you to ask before you put your money on the line.

What are Online Escrow Services?
Online escrow services are when a neutral third party reduces the risk of an online transaction by providing equal protection to the buyer and seller.  The party wishing to purchase the domain will give the escrow company the requisite money, and the party selling the domain will transfer the ownership of the domain. Once this has been completed, the escrow company will then give the necessary parties the documents or the money at a previously determined time.  Neutral, by my definition goes outside of the specific transaction to include is the escrow company neutral?  Do they have anything to gain by knowing the specific information of my transaction?

How Do I Know if an Escrow Service is Licensed?

First of all check the obvious, who issued the license and for how long have they had it.  Getting properly licensed is something that can take considerable time and effort.  Every legitimate company should be able to point you to their licensing authority.  If the license was issued in a foreign country and you think you are doing business with someone in the United States that should raise a red flag.  From where the license is issued will most likely dictate the laws that your transaction are subject to.    In addition to licenses these companies should also have insurance policies and bonds in place.  If you are doing a high 6 or 7 figure transaction you might want to check these out. What would happen to your funds or domains should your escrow company go out of business, would this licensing agency get involved to make sure everything turns out right?  It is also prudent to visit www.bbb.org for a check. Continue reading →

Congratulations! Your Non-Profit has been officially approved by the state of Arizona.

DomainersChoiceScholarshipFund_Logo-300x169

Those are some big words to me. Wherever you go in life you leave your footprint. The domain industry has been such a powerful and positive part of my life that I always hoped I was leaving a trail of powerful and positive footprints behind me.

Many, many of you have been on this exciting journey through domaining with me since 1999. It’s been a long winding and hilly road from Great Domains chat to arrive at the Domainer’s Choice Awards  But that’s not the end of the trail. It’s the beginning! I’ve whispered my dream but hardly dared to speak it aloud. Here it is now officially!! Continue reading →

BREAKING: Frank Schilling Farted

fart

Frank Schilling, according to Jeff Gabriel, farts ten times a day. That’s four episodes of flatulence less than the average person according to Facts on Farts.

Mr. Schilling applied for the New G .fart but had to settle for the German version – .farfrompoopin.

This got me to wondering about other domainers and whether or not they fart too. I found the following list of fart rated domainers tucked away in the DNJournal archives: Continue reading →

Idle Chatter

idle chatter

Well, the nominations for Domainer’s Choice Awards have been announced. I’ve really enjoyed reading the various blogs and comments. I though I’d comment a little bit here.

Some people thought it was “same old, same old” or were pleasantly surprised to see some new names emerging. The very first thing I have to say here is that when you say the names are the same, they can’t be the same as Domainer’s Choice Awards. We haven’t presented since 2008. So who are the names the same as? Off the top of my head I can only think of TRAFFIC awards (Rick Schwartz and Howard Neu). Domain Name Wire did a survey type for awhile too. (I miss that ) Others have come and gone.

TRAFFIC and Domainer’s Choice Awards are totally different programs. If the nominees or winners are the same..I guess the industry believes in their choices. As far as the new faces showing up in the DCA  nominees. Well, the industry is growing. New people coming in. New programs growing, improving and gaining popularity. Continue reading →

Why Domainer’s Choice Awards

Domainer's Choice Awards

Less than 48 hours to place your nominations! Only those registered in the nomination phase will be able to vote in the finals!  If there is a category you choose not to nominate in, just write in n/a.  Why bother? Well….

Awards stimulate competitiveness. Striving to show the industry that your peers have chosen you or your company as “the best” enhances performance all the way from the corporate boardroom to the front lines.

Public recognition in the way of awards is one way to inspire people and companies to work harder. It creates competition. It says “Thank you”

I have loved this industry since I first got into it back in to 90′s and have always done my best to be a good representative and give back to the community that has been so good to me. I want to say “Thank You” to the best of the best. I want to let them know that collectively, we as a community appreciate them. I want this to happen in an atmosphere of trust that you, the members of the community  are making the decisions. You had input into the categories you wanted. You get to choose the finalists by nominating and those nominations are carefully screened for cheaters. You get to have the final say in who is the Best of the Best. Continue reading →