Domain Escrow Procedure – PremiumDomainNames.gr

The entire procedure to buy/sell a .gr (Greece) domain name via Escrow.com

This Is The Step-by-Step Procedure That The Buyer and Seller Will Be Following To Safely Make The Domain Sale Transaction and Transfer:

 [1. Set Up Transaction] 
 [2. Buyer Pays Escrow] 
 [3. Seller Transfers .gr Domain] 
 [4. Inspection] 
 [5. Payout]

- Step 1: Set Up the Transaction: Either seller or the buyer initiates the transaction on Escrow.com (A trusted third party domain name escrow service). You will input the domain name, purchase price, currency, inspection period (typically 1–3 days), and specify who pays the escrow fee.
- Step 2: Buyer Deposits Funds: The buyer sends the payment to Escrow.com. Escrow secures the funds in a trust account and formally notifies the seller that it is safe to transfer the domain. [1, 2]
- Step 3: Transfer the .gr Domain:
  1. 1. The seller logs into their current .gr domain registrar.
    2. Obtains the Authorization Code (sometimes called an EPP code).
    3. Provides this authorization code to the buyer.
    4. The buyer takes this code to their preferred .gr registrar and initiates a “Change of Registrant” (Assignment) request.
    5. Note: Greece’s registry rules often require explicit confirmation from both parties via email or registrar dashboard forms to approve the transfer. [1]
- Step 4: Inspection Period: Once the buyer’s registrar completes the transfer, the buyer marks the domain as “Received” on Escrow.com. The inspection period begins, giving the buyer time to verify that they have full control over the registry contact details and nameservers. [1]
- Step 5: Payout: Once the buyer accepts the domain (or the inspection period expires without a dispute), Escrow.com releases the funds directly to the seller’s bank account. [1]

Additional Information

Breakdown of Costs

The total cost depends on the domain’s sale price, payment methods, and any external registrar transfer fees.

Escrow.com Transaction Fees

The baseline fee structure depends on the sale amount:

- Transactions up to $5,000: A flat fee or approximately 3.25% of the purchase price.
- Transactions over $5,000: Fees scale down to a lower percentage (typically around 0.89% to 1% for the portion above certain thresholds).
- Who Pays: This can be paid entirely by the seller, entirely by the buyer, or split 50/50 between both parties.

Additional Payment & Disbursement Fees

- Buyer Payment Fees: If the buyer pays via Credit Card or PayPal, an additional 3.05% payment processing fee applies. For high-value transactions, bank wire transfers are highly recommended because they avoid this surcharge.
- International Wire Fee: Since you are dealing with a Greek .gr domain, if funds are being disbursed to a bank account outside the United States, Escrow.com charges a $20.00 international wire disbursement fee. [1]

Registrar Fees (.gr Specific)

- Assignment/Transfer Fee: Most .gr domain registrars charge a specific administrative fee for a “Change of Registrant.” This fee covers the registry update and usually includes a 2-year renewal of the domain. Expect to pay between €15 to €30 depending on your registrar. You should explicitly agree with the buyer on who will cover this registrar fee before initiating the transaction.

Draft Agreement on .gr Domain Transfer Process and Escrow Terms

Here is a professional draft of the Agreement on the .gr domain transfer process and escrow terms. It ensures both the buyer and seller are on the same page regarding the unique aspects of a .gr transfer and how the financial transaction will be handled.

Subject: Agreement on .gr Domain Transfer Process and Escrow Terms

Hi [Buyer Name],

To ensure a secure transaction for both of us, I would like to proceed with the sale of the .gr domain using Escrow.com. Before I initiate the transaction on the platform, let’s confirm the specific terms and transfer logistics so everything goes smoothly:

Purchase Price: The agreed-upon sale price for the domain is [Insert Price, e.g., $1,000 USD / €1,000].

Escrow Fee Split: I propose that we [choose one: split the Escrow.com fees 50/50 / agree that the buyer covers the escrow fees / agree that the seller covers the escrow fees].

Payment Method: Please note that Escrow.com charges an extra 3.05% processing fee if you pay by Credit Card or PayPal. To avoid this surcharge, I highly recommend using a standard Bank Wire Transfer to fund the escrow account.

The .gr Transfer Process: Because .gr domains are country-code top-level domains regulated by EETT (Greece), the transfer requires a manual “Change of Registrant” (Assignment). Here is how we will handle it:

Once Escrow.com confirms they have secured your funds, I will generate the Authorization/EPP Code from my registrar and message it to you.

You will need to take that code to your preferred .gr domain registrar to initiate the transfer.

[Insert Name] will cover the registrar’s standard change-of-registrant/assignment fee (usually around €15–€30, which typically includes a domain renewal).

We will both monitor our emails to quickly approve any official registry confirmation links required by Greek domain regulations.

Inspection Period: Once your registrar confirms the domain is in your account, you will have [choose: 1 day / 2 days / 3 days] to inspect the domain and mark it as “Received” on Escrow.com so they can release the funds to me.

If these terms look good to you, please let me know your preferred email address for Escrow.com, and I will set up the transaction right away!

Best regards,

[Your Name]