Interview with Jackson Elsegood - Escrow.com

Interview with Jackson Elsegood - Escrow.com

As always, it's a pleasure to chat with Jackson Elsegood from Escrow.com. During this video we discuss some of the new developments at Escrow.com and a number of features that readers may not be aware.

We then move on to talk about how Escrow.com has recently been awarded a Torch award in business ethics from the Better Business Bureau. This reflects well not just on Escrow.com but on the entire domain industry as an external authority recognises a key company operating in the industry.

I hope you enjoy the interview and find that it's also valuable to get some fresh insight into a key company in the domain eco-system.

 

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Merry Christmas!

Merry Christmas!

I would like to take this opportunity to wish all those readers of Whizzbangsblog a very Merry Christmas and a Happy New Year. I would also like to say thank you to all those companies that have sponsored my blog over the last twelve months. Your continued support has inspired me to keep on writing about domains and business on the Internet.

In particular, I would like to highlight:

It’s with a sense of sadness and loss in my heart that I approach Christmas this year. A few days ago, Pepper, my feline friend of 16 years, passed away. She was a great friend that was the subject of many Saturday Musings over the years.

When I was working late at night she would come and curl up on the carpet next to me. At some point she would nudge me with her nose, hoping for a scratch behind the ears and to let me know it was time to stop working.

Whenever I went away on business my wife told me Pepper would sit in my study and look out the window waiting for my return. When I finally arrived back home she would scold me in a very cat-like fashion until she allowed me to give her a bit of a pat again….after all, I didn’t get her permission to leave the house.

We normally wrap a present for Pepper and stick it under the tree….typically, it’s her turkey dinner. Sadly, this year we’re not going to be doing that. Although there is a sense of loss I know she is lazing away in the sun in cat heaven.

So in memory of Pepper I would like to highlight a number of past blogs where she featured:

What a CATastrophe

Saturday Musings – Why My Cat Is a Genius!

Saturday Musings – Why Cats Are Geniuses

Saturday Musings – Being Obedient To Our Masters

Saturday Musings – When Someone Spoils Your Week….

I hope you enjoy reading those articles as much as I did writing them.

Have a very Merry Christmas and a Happy New Year.

Michael Gilmour

PS. I will be taking until the new year off writing.....so see you in 2017.

Recent Comments
vanclute
I was of course heartsick to hear of Pepper's final days, especially at this time of year when everyone is expected to "put on a h... Read More
24 December 2016
Rawgi
I too am saddened hearing your Pepper moving on to the great Cat Heaven. I also am a cat lover , slave and know full well their t... Read More
25 December 2016
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4 Comments

Interview with Jackson Elsegood - Escrow.com

Earlier today I had the pleasure of interviewing Jackson Elsegood from Escrow.com. Jackson shared very openly about some of the developments that Escrow.com has done this past year.

Jack will be attending NamesCon at Las Vegas in January and is looking forward to meeting domainers to discuss how Escrow can further develop their services.

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Interview with Jackson Elsegood from Escrow.com

Interview with Jackson Elsegood from Escrow.com

It was a privilege to interview Jackson Elsegood, who is now the general manager of Escrow.com. During our time together Jackson shares a few things about himself and some of the exciting things being developed for Escrow.com.

Escrow.com has become a key part of the domain industry ecosystem and if you buy and sell domain names then this interview is not to be missed!

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Michael Gilmour has been in business for over 32 years and has both a BSC in Electronics and Computer Science and an MBA. He was the former vice-chairman of the Internet Industry Association in Australia and is in demand as a speaker at Internet conferences the world over. He has also recently published his first science fiction book, Battleframe.

Michael is passionate about working with online entrepreneurs to help them navigate their new ventures around the many pitfalls that all businesses face. Due to demands on his time, Michael may be contacted by clicking here for limited consulting assignments.

Recent Comments
mgilmour
I think that they really do care but have run into the Christmas rush.....
24 December 2015
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When is an Escrow not an Escrow?

When is an Escrow not an Escrow?

I was reading another blog recently (yes I do that) and was intrigued by the comments on an article about escrow. A viable, secure and reputable escrow service is absolutely key to every domainer if they are to safely buy and sell domains. So when is an escrow not an escrow?

I used three key words in my first paragraph and I would like to unpack them to help readers judge and escrow service.

Viable.
Is the business that is ultimately backing up the escrow service going to be there tomorrow? Do they have the financial ability to pay their debts when they fall due (ie. are they solvent)? My impression is there are too many people hanging out a sign saying that they can do escrow and actually have no idea what it means.

For example, I receive requests all the time from new monetisation companies wanting to get access to our large volume of traffic at ParkLogic. My problem is that for many of them I don’t know if they will be in business in the next 12 months. It’s the same for some of the start-up escrow companies, they just aren’t viable.

Secure
Security is all about whether there is an independent body that verifies that the internal processes of any escrow transaction are auditable and transparent. This means that the escrow company needs to go through the expense of government audits that verify they are a legitimate escrow business that is conducting themselves in a good and proper manner.

Recently I’ve seen a number of escrow companies pop up in strange and wonderful jurisdictions. This doesn’t mean that the escrow company is bad but it does mean that they are doing this for a particular reason. In many cases, it could be that the costs of providing a fully operational escrow business in the USA is too high, therefore they get an escrow license off-shore.

The advantage of a company that goes through the expense of a US license is that they tick a lot of the boxes. They have the money to pay and go through the government audits. It’s very likely that the US government audit will be a lot more stringent compared to other jurisdictions.

For example, my understanding is that you need to get a license for each US state (some are bundled together) and that California is really the big one. I’m not a lawyer but if you’re conducting an escrow business in California without a license then I would have thought that you’re on dangerous ground. There are some creative ways around this problem but if you’re doing business in California as an escrow company then why not just get the license and be done with it? I may be a little naïve but I just don’t get it.

Reputable
One of the most difficult things that you can do in business is build a good reputation. It often takes years and years of consistently doing the right thing by customers.

For example, I’m privileged to be part of a group of domainers get together at each conference. We do so because over the last 10+ years that we’ve known each other there has developed a sense of trust and mutual respect. It’s taken a lot of time to build these relationships and the result is a huge amount of business between us.

It’s the same thing for an escrow company. It takes years to develop the reputation as a place that can be trusted with literally millions of dollars of transactions. Reputation is everything.

So when is an escrow not an escrow? From my way of thinking, it's when they can't tick the boxes of viable, secure and reputable.

I’m very careful about who I have sponsoring my blog and I’m very proud to have Escrow.com on here because they are viable, secure and reputable. I’m not saying that any other escrow company is not any good. What I am saying is that I’ve only had positive experiences of dealing with Escrow.com

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Michael Gilmour has been in business for over 32 years and has both a BSC in Electronics and Computer Science and an MBA. He was the former vice-chairman of the Internet Industry Association in Australia and is in demand as a speaker at Internet conferences the world over. Michael is passionate about working with online entrepreneurs to help them navigate their new ventures around the many pitfalls that all businesses face.

Recent Comments
mgilmour
I completely agree with you. Escrow is peace of mind and you're a great ad writer!
04 March 2015
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