Buyer’s can send money to Brander Group’s secure “Client Funds” account where the deposit will be held until the transfer is verified in whois public record. Then we send net profit payment via ACH/Wire to the seller (less our commission).
This option saves little time, reduces complexity and has no escrow fees.
Escrow.com is a self-directed web escrow platform owned by the publicly traded company Freelancer.com (ASX:FLN)
The fee to use their service is around .89% of the total sales price per transaction. Brande Group initiates the transaction, and both the buyer and the seller have full visibility and control throughout the IPv4 transfer.
Brander Group has used Escrow.com for well over $100 Million in IPv4 transfers and never had any issues. The milestone with release instructions will read:
“Escrow shall release upon verification in ARIN Whois that IPv4 block xx.xx.xx.x/16 is registered to [Buyers Name] ORG-ID: [Buyers Org-ID]”
You can set up set up an account here at www.escrow.com. It’s free to set up and nice to complete early to avoid any delays.
There is a 2 step verification process, which can take a 1 -2 days. Our escrow.com rep can help expedite if you experience any issues.
Here are the steps:
- Sign up with an email and password of a person in the company that can track the financial transaction and make updates.
- The first screen after signing up takes you to a transaction screen. Ignore that, and click on the upper right corner under your initial and choose “verify account”
Step 1 includes a KYC portion that requires identifying a person within the company: https://www.escrow.com/support/identity-verification
Step 2 verifies the company, which might require an article of incorporation and/or a signed officer letter: https://www.escrow.com/support/company-verification
*Buyer’s account setup is now completed.
This section below is for Sellers only who will be receiving funds.
- Once the account is verified, add a bank account for distribution if you are receiving funds.
- Log back in and click on your Initials in the top right.
- Click on “My Profile“
- Scroll down to “Saved Distributions Methods“
- Click Add New Distribution Methods
Feel free to email or call us with any questions. You can also call escrow.com support directly at +1-415-801-2270. They are very helpful and the hold times are 30 seconds to get a live operator
Brander Group Value and Solutions
We provide wholesale prices, faster provisioning and better support on global connectivity, cloud and data center initiatives.