Formation 1999 Location United States Website Escrow.com Headquarters San Francisco | Type Private Official language English Founded 1999 Parent organization Freelancer.com | |
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Key people Matt Barrie, President and CEO; Jackson Elsegood, General Manager; Neil Katz, CFO; Greg Robinson, VP of Compliance; Danny Raja, VP Sales; Adrian Sferle, Marcomms Manager | ||
Escrow com and wegolook partners in preventing internet fraud
Escrow.com is a privately held internet escrow company acquired in April 2015 by Freelancer.com Chairman and CEO Matt Barrie. Based in San Francisco, CA, Escrow.com was founded in 1999 by Fidelity National Financial.
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History
Escrow.com was founded in 1999 by Fidelity National Financial in response to Bank of America’s Four million dollar purchase a few years earlier of Loans.com. Fidelity decided to liquidate Escrow.com and did so in 2002 in a trade with iLumin for a software license. In 2004, Escrow.com was purchased by a private investor. Currently, the company is owned by Freelancer.com Chairman and CEO Matt Barrie.
Overview
Escrow.com provides internet escrow services for many companies in e-commerce, international trade, online auctions, and online shopping, such as eBay, GoDaddy and AutoTrader. The items that are handled range from domain name sales to high monetary value items such as motor vehicles and heavy equipment/machinery. Escrow.com is a strategic partner with the United States Department of Commerce in support of President Obama’s National Export Initiative.
The company has been a guest blogger on ‘Tradeology’ – the official blog of the International Trade Administration as well as a featured writer in various magazines, including the Specialty Equipment Marketing Association (SEMA) News, EXPORT Magazine, and contributed towards having the term ‘Escrow Service' added to the third edition of the Trade Finance Guide, published by The International Trade Administration (ITA). In 2013 Escrow.com reached an accrued value of over two billion dollars in transaction volume. The company works extensively in an effort to prevent online fraud and is a resource for the Internet Crime Complaint Center, a multi-agency task force made up by the Federal Bureau of Investigation (FBI), the National White Collar Crime Center (NW3C), and the Bureau of Justice Assistance (BJA)
Services
The escrow company takes the buyer's funds, verifies the deposit to the seller, and transfers the funds to the seller after the buyer receives the merchandise, thus protecting the interests of both the buyer and seller.