There is an epic (pardon the pun) battle that sparked up last night on Namepros between Jackson Elsegood and Rob Monster.
This thread is not a new thread, it started back in January. The dispute has been about whether the escrow services provided by Epik are truly escrow services. John Berryhill has weighed in along with many Epik customers.
Jackson posted a link to a story about an executive at a Bitcoin escrow company that defrauded two firms of $7 million.
Rob Monster posted an analysis of Escrow.com parent company Freelancer which is a publicly traded company in Australia. Freelancer was founded in 2009 and is listed on the Australian Securities Exchange (ASX: FLN).
So after reading Rob’s analysis of Freelancer, Matt Barrie the CEO of Freelancer, not just Escrow.com, weighed in.
Great financial analysis.
While we are talking about financials, why don’t you post a copy of Epik’s so your customers know what they are getting into?
You sent me a copy a few months ago when you approached me to sell Epik, remember? I’m not sure what account you hold your escrows in given in December 2018 you had less than $50,000 cash between your bank and Paypal accounts. That’s not enough to even pay out all those people that you got to buy Masterbucks.
These are two companies that do a lot of business in the industry and the thread is worth reading and checking in on from time to time. The financial health and security of those you do business with is of paramount importance.
Author’s note: I do use escrow.com and I do use Epik as a registrar for some of my names, with some listed for sale there. I have yet to complete a sale at Epik.
Disclaimer: Whenever we write about Epik the need arises to make clear, keep comments on topic, if the comments are not about Epik or Freelancer/Escrow and the services they provide they will be deleted.