What is escrow?

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You've sold or made a winning bid or offer on a website, domain, or app.

Congratulations! The next step is paying for it.

Flippa Escrow and Escrow.com provide a safer trading environment for buyers and sellers. We recommend that all transactions take place over escrow and as such, Flippa Escrow is available for all transactions on Flippa.

What is escrow?

An escrow company acts as a middleman between a buyer and a seller. It holds the money the buyer has paid for an item until both the buyer and seller are satisfied that ownership of that item has transferred successfully to the buyer.

At Flippa, we partner with the escrow provider PromisePay for our Flippa Escrow and also offer the services of Escrow.com. With escrow, the escrow provider accepts the money from the winning buyer and holds onto the money until the buyer and seller agree that the property sold in the auction or sale has transferred successfully to the buyer. 

Once everything looks good, and the buyer and seller confirm the property transfer, the buyer releases the funds to the seller.

 

Why use escrow on Flippa?

Escrow services help to make buying and selling more secure.

Buyers and sellers can protect their interests by using a reliable middleman to hold the funds while the property transfer is completed.

 

How much does it cost?

Flippa charges no fees to use Flippa Escrow, but the following bank fees may apply:

  • An international wire transfer fee of $25, which the Seller pays
  • A credit card payment surcharge of 2% of the transaction amount for Visa and MasterCard transactions, which the Buyer pays

Fees for using Escrow.com's escrow services depend on the value of the sale. You can calculate estimated Escrow fees with their fee calculator

Both the buyer and seller can be charged, or they can agree as part of the terms of the sale that one or other will pay the escrow costs.

We offer a 20% discount on Escrow.com fees when the transaction is initiated from the Flippa Sale Completion Area. 

 

How can you activate escrow services?

Flippa Escrow is available for all transactions on Flippa, and Sellers can indicate that they would like to use Escrow.com's services by selecting Escrow.com as a payment option when they list their properties on Flippa.

 

 

Once the auction or sale has completed, either the buyer or seller can select to use escrow to complete the payment:

  1. Visit the listing page.

  2. Click on the link to Flippa's Sale Completion Area at the top of the page.

  3. In the Sale Completion Area, click on the Start Flippa Escrow or Start Escrow.com button. 

 

 

 

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