How The Escrow Process Works

The world’s most secure payment method from a counterparty risk perspective - safeguarding both buyer and seller, all funds transacted using escrow are kept in trust.

1
Buyer and seller agree
2
Submits Payment to Escrow
3
Delivers Goods or Service to Buyer
4
Releases Payment to Seller

Transact Safely With Our Peer-to-Peer Escrow-Style Payment Platform

Consultaxescrow.com is the world’s most secure payment method from a counterparty risk perspective - safeguarding both buyer and seller, all funds transacted using escrow are kept in trust. To be the most trusted partner to complete complex, high value, payments that matter. Consultax's mission is to guide our customers through their most important financial moment by transforming the transaction process. Consultax is here to be the trusted partner for the payments that matter the most. No matter the complexity, value, or uncertainty, Consultax strives to make every single transaction truly bespoke, trusted and seamless so that you can get on with doing what you do best. A mindset of accountability and reliability. Fostering a culture of enablement where we trust in others to deliver. To nurture authenticity, protecting diverse perspectives, igniting innovation. A commitment to quality, fuelled by a passionate drive to push boundaries and strive for excellence. Headquartered in Detroit, Michigan, Consultax Escrow and its operating subsidiaries provide online escrow services that facilitate and accelerate e-commerce by assuring a secure settlement. Consultax Escrow has pioneered the process of online escrow services. The Company, founded in 1999 by Fidelity National Financial, has established itself as one of the leading providers of secure business and consumer transaction management on the Internet. All escrow services offered on this website are provided independently and exclusively by Internet Escrow Services (SM) (IES), one of the operating subsidiaries of Consultax Escrow. IES is fully licensed and accredited as an escrow company and is subject to compliance with applicable escrow regulations, including the Michigan Financial and Business Code.

Safe and secure transactions

Hassle Free setup of the Escrow Account

Robust KYC and verification checks

Funds digitally released via platform or release notice

image
image

Provided Features

Consultax Escrow provides various futures for our users including;

  • Protecting both buyers and sellers

    With an escrow payment, the Seller will only receive the funds when the Buyer has received and accepted the products and/or services that are part of the transaction. However, the Seller knows they will receive payment because Escrow.com is holding the funds on their behalf.

  • User friendly and responsive

    Our team is filled with ambitious, curious and entrepreneurial people. We hire and nurture inquisitive, creative minds looking to flourish in a supportive and collaborative environment.

Escrow Product And Services

Safely buy and sell products and services from $50 to $100 million or more

Domain Names

Consultax Escrow is the dominant payment method for the buying & selling of domain names, with transactions including uber.com, snapchat.com, spacex.com, twitter.com, instagram.com, freelancer.com, gmail.com, slack.com, wechat.com, chrome.com and wordpress.com.

Motor Vehicles

When buying classic cars, a used sailboat or even an aircraft engine Consultax Escrow ensures money transfer and vehicle delivery with every sale. Our experienced personnel can even help you with shipping documentation, titles, liens and more.

Electronics

Consultax Escrow handles the buying and selling large scale computer setups, professional sound systems and all manner of electronic equipment both big and small.

General Merchandise

From computer hardware to luxury goods, you can safely and easily buy and sell merchandise all over the world with the protection of Consultax Escrow

image

Frequently Asked Questions

Below, we answer some of the key questions you may have and explain your rights and how to complain if you’re dissatisfied with our service.

What personal data do you collect about me?  

Consulate takes the protection of your personal data very seriously and we ask that you read our Privacy Notice carefully as it contains important information on who we are, how and why we collect, store, use and share personal data, your rights in relation to your personal data and on how to contact us and supervisory authorities in the event you have a complaint. 

When will I get my money? 

If you’re a Payee, you’ll receive your money once we’ve completed the checks described above and we’ve been authorised to make the payment to you. You will receive confirmation by email of when the payment has been made.  

How will payments be made? 

All payments will be made electronically to a bank account in your name (including any joint account on which you’re a named account holder). We’re unable to make any payments in cash. If you require payment by cheque, please contact  the law firm or professional representative that has requested the payment directly.  

How much will it cost me to receive money? 

If you’re a Payee, we won’t charge you anything to receive money that we’ve been authorised to pay to you on behalf of a Payer. Depending on your relationship with the Payer, they may be entitled to recover certain costs from you under any agreement or arrangement they have in place with you. 




If you’re a Payer or Payee, we’ll need to complete the following checks as Consultax Escrow is obliged to put in place controls to prevent our business from being used for money laundering and other forms of financial crime:

- Verifying that you’re not subject to any sanctions (which may mean we’re unable to process any payments for you or we need to complete further checks).
- Verifying your bank account details (so we can check we’ve received money from the right account and that we’re paying money to the right account).
- Occasionally, we may need to request further information from you to fulfill our legal and regulatory obligations. Where we’re unable to successfully complete our checks, fulfill any of our regulatory obligations as a payment institution, or are prohibited from processing your payment due to sanctions or other financial crime reasons, we may refuse your instruction. Unless the law prevents us from doing so, we’ll contact you as quickly as possible to tell you if we’ve not followed an instruction and to explain why.

How does Consultax Escrow verify my bank details?
Consultax Escrow uses industry-leading verification methods to ensure secure transactions. For US bank details, we verify accounts instantly via Confirmation of Payee (CoP), ensuring the account name matches the intended recipient. For non-US bank details, verification is conducted manually through secure document upload, maintaining rigorous compliance and fraud prevention standards.

The only people who will be able to see your bank details are the members of our verification team, who are all trained on data protection and information security and whose employment contracts include strict confidentiality obligations.

How long does it take to verify my bank details? 
As soon as you’ve provided the information requested, we will check your details.

My details couldn’t be verified, what happens now?
In the rare case that bank verification has failed, you’ll be asked on the form to upload a bank statement for the bank account you’ve selected to receive payment into. This will be securely uploaded to our platform and used for verification purposes.

I haven’t received a link from Consultax Escrow, what should I do?
In the first instance, you should check the junk/spam folder for your email account in case it’s been caught in there. If you’re still unable to see any email from us, please contact the third party (such as the law firm or professional representative) or Payer and they’ll be able to assist you in finding the email or escalating to us to resend. For fraud prevention purposes, we’re unable to respond to any request to re-send a link to you directly. If your details have been given to us by a third party, you should contact them in the first instance to check whether those details are correct.

All money that we hold on behalf of a Payer are held in a safeguarded account with one of our partner banks or custodians that is separate from the bank account used to run our business operations. We regularly carry out external audits to demonstrate that those partner banks or custodians are safeguarding money in compliance with applicable regulations in the US. 

Our partner banks and custodians all have favourable credit ratings from the leading credit rating agencies, or they hold their deposits with the Bank of America.

What say our client

What say our client

Franklin from Consultax Escrow was incredibly professional, responsive, and supportive throughout the entire process. He kept us updated at every step and made everything feel seamless and stress-free. His communication was clear and timely, and it was a pleasure working with him. Highly recommend!

Jane contacted me through live chat that there was an issue with my supplied documents. Jane helped me out within a few minutes to get it all straightened out. Great support!

Great service overall, but the #1 best thing is its customer support team. It's unbelievably responsive and competent.

Brain was very helpful in getting the escrow underway for a first time user.

Requested expedited verification and Vera streamlined the process same day!

Excellent chat support – the best I've experienced!

Jane was amazing, I had some questions regaring company verification and she was able to provide me with great help. Would highly recommend.

I had a great experience working with Consultax Escrow during the sale of a SaaS business through Acquire.com. Special thanks to Juan who went above and beyond to help with a disbursement issue related to my LLC’s bank account. Despite the platform’s limitations, Juan personally escalated the case, communicated transparently at every step, and helped get a one-time exception approved so the funds could be deposited directly into our business account. He even prioritized the transfer so it could be processed without delay. In a process that could’ve easily become frustrating, Juan made it smooth, professional, and genuinely supportive. Huge credit to him and the Consultax Escrow team — highly recommended.

Very prompt and thorough response to a question about domain name renewal during escrow period.

Fantastic service and attention to detail by all involved, Tina was tremendous, highly recommend.

They don't pay what you agreed on.

Carla was good and responsive. That was quite a pleasant experience.

Justine was able to quickly assist me, and her recommendations helped rectify the issue i was experiencing very rapidly

I've used Escrow.com for over 10 years: super-convenient, easy to use & always on top of the transaction. Cannot recommend them highly enough for deals, both big & small.

Everything was excellent: customer service, responsiveness, and the way they provide complete information about transactions. They're geniuses; it's a pleasure doing business with Consultax Escrow.

I absolutely recommend this service. We had a very smooth transaction. Juan kept everything in order and successfully made this an easy transaction. Thanks Juan!

I felt compelled to come and write a review of Consultax Escrow because prior to selling my domain, I visited Trustpilot to see if it was a legitimate and reliable way of selling. I can only say positive things about the whole process. The steps i would need to take were clearly marked out, the buyer was very responsive on the other end and this made everything move all the quicker. I contacted Escrow.com a few times during the sale, and they were very quick to respond. The funds cleared a few days after the sale was marked as complete. All in all, a very positive experience. The negative reviews seem to come from people that have been scammed or have lost out in some way. I would encourage anyone that is making a sale through Consultax Escrow, to speak with the buyer/seller before beginning the process. Talk through the whole deal and have a clear understanding of what kind of person or organisation you are selling/buying to.

They provide quick support, even on the weekends. Thrisia helped me with my queries and provided the information I was looking for. I’ve used escrow.com for over a decade and I recommend them for domain name transactions.

The user experience with Consultax Escrow is really pleasant. In particularly I want to thank Juan who was our contact person throughout the process. He went above and beyond for us, truly a great experience working with him and Consultax Escrow in general.

I have been using Consultax Escrow since 2019 and made many transactions buying domain names and the process has always been smooth. Just spoke on the phone with your staff Carla who was very helpful in assisting me. Keep up the great work!

Online Escrow Service In The World

Online Escrow Service In The World

image

Latest News And Tips

The recommended payment system by top eCommerce companies

image
Domain Credentials

Consultaxescrow.com is the dominant payment method for the buying & selling of d...

Read More
  • 28 October 2020
image
Automobile Shopping

When buying classic cars, a used sailboat or even an aircraft engine Consultaxes...

Read More
  • 28 November 2022
image
Gadgets

Consultaxescrow.com handles the buying and selling large scale computer setups,...

Read More
  • 28 November 2022

OUR PARTNERS

We have the most trusted partner to complete complex, high value, payments that matter.

image
image
image
image
image
image