Escrow
August 24, 2013 | | Kris Tabetando | 0 Comment
Escrow refers to money held by a third-party on behalf of a buyer and seller in a website sale.
Escrow companies such as Escrow.com receive funds from the buyer, notify the seller that the funds have been received, and advise the seller to transfer the website assets over to the buyer. Once the assets have been transferred, the escrow company transfers the funds over to the seller minus its escrow fees.
Author: Kris Tabetando
Kris Tabetando provides mergers & acquisitions (M&A) advisory and brokerage services to Internet companies. He also partners with investors to acquire & manage Internet businesses.
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