Escrow.com continues to enhance services to meet worldwide customer demands
Orange County, CA. April 23, 2013
Escrow.com, the world's leading Internet escrow company, is pleased to announce that customers now have the option to use the Euro as a payment method for escrow transactions. The new payment choice is available by selecting the transaction currency at the time the escrow is initiated by either the Buyer or Seller.
"Offering the opportunity to pay in Euros meets the demands of our growing customer base in the European Union," says Brandon Abbey, Escrow.com President and Managing Director. Abbey continues, "We beta-tested this and are very pleased with the initial response to this new enhancement. We will continue to explore new ways to make the overall Escrow.com experience more efficient on a worldwide basis."
Escrow.com plays a unique yet significant role for both the Seller, for non-payment, and the Buyer, for non-delivery or misrepresentation of goods. When using Escrow.com, once the parties agree to the terms of the escrow at www.escrow.com, the Buyer is instructed to send the agreed-upon funds to Escrow.com. Escrow.com then verifies the payment and instructs the Seller to ship the merchandise. Upon delivery, the Buyer has a pre-determined amount of time to inspect and accept the item. Once the item is accepted by the Buyer, Escrow.com releases the funds to the Seller.
To date, Escrow.com has processed over $1.5 billion dollars in secure transactions with nearly 50% of those involving an international Buyer or Seller. "As we continue to add new products, like Broker Escrow and Milestone Escrow, we see the addition of the Euro as being a key component to our future growth. The Euro currency is just one of the many enhancements we plan to release this year," says Abbey.
Andee Hill - Escrow.com Director of Business Development - said, "The addition of Euros appears already to be a hit within the domain name industry." Hill added, "I've already heard from many of those planning to attend the Domaining Spain 2013 event later this month requesting to schedule some time to discuss the specifics."
The acceptance of Euros will initially be available for Domain Name and General Merchandise Transactions. In the near future, Escrow.com plans to expand the acceptance of Euros to include Broker Transactions, Milestone Transactions, Vehicle Transactions and Domain Name Holding Transactions, so that it is available for virtually all types of services or products all over the world.
Headquartered in Rancho Santa Margarita, CA, Escrow.com, a privately held company, has pioneered the process of online escrow services. The Company, founded in 1999 by Fidelity National Financial, has established itself as the leading provider of secure business and consumer transaction management on the Internet. All escrow services offered on this Website are provided independently and exclusively by Internet Escrow Services(SM) (IES), one of the operating subsidiaries of Escrow.com. IES is fully licensed and accredited as an escrow company and is subject to compliance with all applicable nationwide escrow regulations.