Secure Canadian Escrow Service for Canadian Domain Transfer|
MyID.ca has been providing secure escrow service exclusively for .ca domain transfer since 2001 and has escrowed numerous transactions including those for high profile clients such as Coca Cola, AskJeeves, Time Canada, Loblaws, AOL, Sobeys, Telus, The Bay and Canada.com. As a CIRA certified registrar, we guarantee that the transaction is completed promptly and securely to the satisfaction of all parties involved. In most instances, the transfer is complete within hours of funds reaching the escrow account.
Our escrow service is 100% guaranteed to both seller and buyer. It is also hands down the fastest, most secure, and easiest to use. We are a CIRA certified registrar since 2000. In addition, we operate the largest .ca domain marketplace and have held numerous .ca only auctions. Our escrow service is what is used in our domain marketplace and auctions.
Note that our escrow service is retricted to .ca domains and Canadian dollars. All other domain extensions and currencies are not supported.
This is how it works:
a) Buyer advises us of the domain(s) sold, agreed upon sale price, and name and email address of seller.
b) We verify all info with seller.
c) Buyer and seller create an account with MyID if they have not done that already. This is free and takes 1 minute to complete.
d) Buyer creates a .ca registrant through their MyID.ca account (Free and takes 1 minute).
e) Seller provides us with the domain(s) authcode(s) so that we verify the domain(s) ownership if their whois info is private.
f) We send buyer an invoice including payment instructions (wire, Interac email transfer, direct deposit, or online banking). The invoice would include our escrow fee, HST, and the cost of one year renewal.
g) Once payment is received, we advise all parties of such. We then transfer the domain to the buyer and the funds to the seller. This usually is complete within hours of funds receipt.
h) Our escrow fee is as follows:
- Transaction amount of $0-$5000 ---> 3% (Minimum is $50)
- Transaction amount between $5000.01 and $25,000 --->$150 + 0.25% of amount over $5000
- Transaction amout above $25,000 ---> 0.88%
i) All escrow transactions are 100% guaranteed to all parties.
j) All escrow transactions are covered by privacy and would not be publicly disclosed unless both buyer and seller agree to make that sale public.
k) All escrow transactions fall exclusively under the jurisdiction of the province of Ontario in Canada.
Should you have any further questions, do not hesitate to contact us and we'll do our best to assist you.