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May 07, 2013

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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Transactions at Escrow.com Pass the $1.5 BILLION Mark - More Than Half From Domains and Websites

Escrow.com released some pretty startling sales numbers today when the company reported the total value of Escrow.com's historical sales has passed the $1.5 BILLION mark. While it took almost 11 years to reach $1 Billion, Escrow.com needed less than a year and half to reach the latest landmark and President/General Manager Brandon Abbey said they expect to hit $2 BILLION by the end of this year.

Sales of domains and websites have played a starring role in Escrow.com's remarkable growth story. Director or Business Development Andee Hill told me more than 50% of the company's sales have been produced by 

Increasing sales image from Bigstock

domains and websites. Pretty remarkable when you consider that The company is the recommended transaction settlement service for companies like Cars.com, AutoTrader and Ebay Motors that produces tons of high ticket sales.

Even so, with their supporters including Go Daddy, Flippa.com and dozens of top domain brokers, our industry has more than held its own as a driving force in Escrow.com's ascent to ever increasing heights. 

With CyberSource's 2013 Online Fraud Report estimating that consumers lost $3.5 billion due to online fraud in 2012 (up $800 million from from just two years earlier) it's little wonder that so many people have turned to the pioneering escrow services provider to ensure their transactions are safe.

(Posted May 7, 2013)


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