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Escrow Services
- What must the buyer be aware of?
1) Funds are released to seller when seller ceases to have control of the domain, in other words after the approval of the transfer with CIRA. Accordingly, do not start an escrow process unless you are willing to proceed with the process to the very end. Once funds are released to seller, we cannot get them back nor will we play any role in this matter. Again, do not start any escrow process unless you are 100% certain that you will go through it till the very end.
2) After seller has approved the transfer, you have 14 days to approve it before CIRA cancels the transaction. By then, the funds would have been transferred to the seller (Funds are transferred shortly after seller approves the transfer). Make sure you approve the transfer immediately after being notified that seller has approved the transfer.
3) Approving a .ca domain transfer with CIRA involves buyer's logging in to CIRA website using their emailed CIRA User Account and Private Password and following instructions to approve the transfer. The CIRA login info is different from the MyID.ca login info.
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INC.
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