Domain Name Wire Podcast Trouble at the finish line – DNW Podcast #534
May 12, 2025
Bill Sweetman, Founder of Name Ninja, shares his expertise in domain name transactions. He discusses the unexpected complexities that often arise after agreeing on a price, such as KYC hurdles and escrow issues. Sweetman highlights concerns about personal information sharing during these processes and suggests alternatives like CEDO. He emphasizes the importance of effective communication in international trades, especially under regulatory scrutiny, while also exploring the role of trust in escrow services to mitigate risks in these transactions.
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Handling KYC Discomfort
- If a party is uncomfortable uploading their ID to escrow.com, provide detailed information to ease concerns or switch to alternative platforms.
- Platforms like CEDO offer "bring your own deal" escrow with slightly higher fees but greater comfort for some users.
Use Multilingual Platforms
- Use multilingual escrow platforms like 4.cn or CEDO to accommodate non-English-speaking parties.
- Choose platforms with native language support and translation services to ease international transactions.
Escrow for Crypto Payments
- When dealing with cryptocurrency payments, use specialized escrow services like escrow.domain.
- These platforms can handle payments in multiple cryptocurrencies and mix fiat and crypto on either side of the transaction.