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Escrow.com beefs up security with new verification process

Thursday, January 12, 2017 23:34
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(Before It's News)

I have been using Escrow.com for a long time, when it comes to safely and securely buying or selling domains, they’ve been the gold standard for a long time. Some time ago the company was acquired by Freelancer and since then a series of updates and upgrades have been rolled out.

One of the first updates was a nice clean refresh of the Escrow.com UX to what you now see today:

escrow-com

Unless I’m buying or selling a domain for $500 or less I always use Escrow.com to make sure my transactions are completely secure. Of course, it’s hard to be 100% secure but Escrow.com has always been the leader of the pack when it comes to security…now they just got even more secure.

Hats off to DNW for tipping me off to this change today in a post announcing Escrow.com’s new verification process:

In order to send or receive payments to a personal account, users will have to provide a copy of a government-issued ID (such as a drivers license) and proof of personal address (such as a utility bill).

Businesses will need to provide a copy of a representative’s government issued ID, proof of address of that representative, and company registration documents. (Source – Domain Name Wire)

I’ve done transactions as high as $850,000 with Escrow.com, and yes, that’s a pretty big number (for me at least!) so I can tell you that takes a whole lot of trust. While I’ve always felt pretty darn safe using Escrow.com, this definitely makes transactions through the leading Escrow platform even more secure, which is always a good thing. It’s always great to see a service you have known and trusted for years get even better, and especially when better means even more safe and secure.

Congrats to the whole Escrow.com team, it’s been great to see the commitment to innovation and security, not a bad way to start out 2017!



Source: http://morganlinton.com/escrow-com-beefs-up-security-with-new-verification-process/

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