How to secure transaction:
Brief explanation of Escrow procedures: (You=Buyer, domainmegaabank=Seller)
1. You make your own account at Escrow.com
2. Domainmegabank will start new transaction
3. You agree to terms and conditions
4. You pay Escrow.com
5. Escrow.com verifies your payment
6. Domainmegabank transfer domain name to You
7. You change whois informations; admin,email etc (This is why Escrow.com can confirm domain transfer)
8, You receive and accept domain transfer
9. Escrow.com pays Domainmegabank
Escrow transfer
The transaction is being performed involving escrow.com an independent third party transaction management service. Seller registers at escrow.com web site and initiates a domain name transfer transaction. Buyer accepts the terms of the transaction and pays the full amount of sale to the escrow account via wire transfer or credit card. Upon securing funds escrow.com instructs the seller to pass the domain name to buyer. Buyer receives control over the domain name and notifies escrow.com. Escrow.com then releases funds to the seller. You will have to cover the escrow fees.
If you are going to choose Escrow Transfer, please also read:
