How does Escrow work?

Discussion in 'General Business' started by hi-nam, Feb 26, 2009.

  1. #1
    One buyer want to buy my site and told me that he want to verify Adsense earnings too.

    He said:

    What does this mean?

    That means Escrow will take my hosting account, change password and I push domain to Escrow. And Escrow add Adsense code of the buyer to my site (when they are keeping my site) to verify earnings for buyers. Is this true?

    What happened if the site doesn't make like from my Adsense account? When Adsense earnings "dancing", this week can make $300, but next will $200, and last week of this month will $400 (per week) ??? Start month earnings is not same like the end of a month - everyone known this I think.

    Or escrow will give hosting for buyer? He will verify earnings by himself? What happened if he don't continue to buy and get all of my data, modify something and clone to new other site?

    I don't understand anything in this case.

    Please help me.

    Sorry for my English.

    Thanks!
     
    hi-nam, Feb 26, 2009 IP
  2. globalinfusion

    globalinfusion Peon

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    #2
    Escrow is simple. You put money into a separate account, when the job is done the buyer can release the funds to the seller.
     
    globalinfusion, Mar 2, 2009 IP
  3. softwaretrade

    softwaretrade Peon

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    #3
    Pretty much funds can only be received if both parties are happy. It is a safe and easy way to make sure transactions happen.
     
    softwaretrade, Mar 11, 2009 IP
  4. sajae102

    sajae102 Peon

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    #4
    Maybe he just want to see an 'average' adsense earning. As far as the escrow itself, this is really a good thing for doing online business transactions. Escrow services allow the buyer and the seller to set up a contract on any item/service/product sold. For example; lets say that I want to buy 15 articles from an article writer. Me and that article writer go to escrow.com and fill a contract stating exactly what is to be done in order for the article writer to get paid. Once the article writer and the buyer agree, they sign the contract online and the buyer prepays for the service, however, the article writer will not be paid until the service is completed based upon the actual contract agreed upon. This is a win win situation because the buyer cannot scam the article writer because they already prepaid. So, escrow is a good thing, but only use the REAL escrow which is :) Good luck
     
    sajae102, Mar 11, 2009 IP
  5. Foggy

    Foggy Link and Site Buyer

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    #5
    Escrow just holds funds, that's it. Escrow doesn't do any of the above, the buyer would be doing it himself. This is risky. You won't know how much he earned and in any event if he decides to keep that money earned and return the site to you there's little you can do.

    Escrow won't protect you here. At least, the most common escrow company (escrow.com) won't protect you here. You'll have to go for a software escrow type of company (see escrow.com alternatives). escrow.com are used for website transactions but they aren't geared for it.
     
    Foggy, Mar 11, 2009 IP