Epik Escrow is a premium escrow service for any domain extension supported by Epik. You may want to use Epik Escrow if your transaction:
Epik Escrow can handle both domains residing at Epik as well as domains registered elsewhere. All external domains must be transferred over to Epik's control as part of the escrow process.
In a nutshell, the procedure is that Epik will receive and hold funds from buyer, receive and hold domain(s) from seller, and then deliver domain(s) to buyer and credits funds to seller's Masterbucks balance.
Here is how a typical transaction works, in three easy steps
Either the buyer or the seller initiate a new transaction. A senior broker will be assigned to guide the parties
Buyer sends payment - Seller transfers domain to Epik
Epik pushes domain to the Buyer - Releases funds to the Seller
The standard escrow fee is 1.5% of transaction amount, with a $75 minimum. All domain transfers into Epik are also covered by the buyer
A case where Epik Escrow shines are domain trades. In any type of transaction where domains change hands in both directions, a trade is configured. Example: Alice gives domain foo.com plus $5,000 to Bob in exchange for bar.com. In the event that the transaction includes a domain trade, we will subjectively appraise the domains involved in order to calculate the transaction total and escrow fees.
Both parties have the right to cancel the transaction without penalties, until the escrow is concluded. If buyer has already submitted payment, Epik will reimburse.*
*In any case of cancellation that requires a reimbursement, Epik reserves the right to deduct escrow fees in addition to any other applicable penalties and fees, regardless of who requested the cancellation.
Epik Escrow pays out in Masterbucks - an internal currency which can be used tax-free, and commission-free, for all Epik products and services. Masterbucks may be cashed out at a 5% fee
In most cases, you may achieve the same result of Epik Escrow using the Epik Marketplace. Simply transfer the domain into Epik, list it for sale and give the offer link to your buyer. This will save you the Epik Escrow fees.
We take USD, EUR and BTC (Bitcoin).
However, all transactions are USD denominated, meaning the domains will be priced in USD. If you use EUR or BTC for sending payment, we will convert to USD. We may offer transactions denominated in EUR or BTC in the future, if we identify a demand for it.
If you live in a place where USD or EUR-based payment options are scarce, try using your local currency for acquiring Bitcoin. Epik recommends the CEX.IO exchange, but there are many other places to buy.
For USD, we can accept all major credit cards, wire transfers and Paypal.
For EUR, we accept wire transfers only.
For BTC, you may use any wallet or exchange of your choice.
Contact our support department for detailed wire information
Yes. As long as you fund your account with the necessary amount, you may use as many methods as you wish.
No. All funding methods are free of charge. Epik actually "eats" the fees associated to payment methods in order to provide a simple and smooth experience for buyer.
In Epik Escrow, the buyer pays the transfer fees for all external domains. This is only logical as domain transfers will generally add one year to the domain's expiration date, which will benefit the buyer. If you are the seller and want to cover that for your buyer, simply transfer all domains into your Epik account before initiating the escrow process.
There is no minimum or maximum amount, but we will charge a $75 minimum escrow fee per transaction. Thus, the lower value sales are better handled by the Epik Marketplace.
We will never publicize domain sales amounts. At Epik, your transaction is private.