Escrow.com provides a safe and secure way for buyers and sellers to complete a domain name transaction. When using the escrow service, the buyer sends their payment to the escrow company instead of directly to the seller. The escrow service then verifies the payment and holds onto it until the seller transfers the domain to the buyer. Once the domain has been successfully transferred, Escrow.com releases the payment to the seller.
The use of the escrow service provides peace of mind for both the buyer and seller, as it minimizes the risk of fraud or payment disputes. It also ensures that both parties fulfill their obligations.