Selling intangible goods (website) using Escrow, is it safe?
dangrossman: Escrow, along with a good contract, is a great way to transfer a website. The buyer has to send the money to the escrow service. You know that they have the money to buy your site, and that it's been transferred to the escrow service, before you have to turn over the website. You transfer the domain to the buyer, then they allow the escrow service to transfer the funds to you.The reason this protects you is that if the buyer tries to back out, the escrow service still has the money. You can provide proof that you transferred the website and they can release the funds to you.The reason this protects the buyer is that you don't get access to his money until you've transferred the website to him.