Buyers and sellers of businesses can use Escrow.com, similar to how domain investors do.
Under the partnership, Escrow.com will handle payments and disbursement for business acquisitions, similar to how it handles domain purchases today.
Of course, business acquisitions are a bit more complicated than domain transfers. Escrow.com already handles website purchases, and MicroAcquire transactions are more akin to those.
The seller and buyer will agree to a letter of intent or asset purchase agreement, and then the buyer sends funds to Escrow.com. Escrow.com holds the funds while the seller transfers the assets to the buyer. Once the buyer reviews and is satisfied with the assets, Escrow.com releases the funds to the seller.
MicroAcquire is one of a handful of sites that are making it easier for buyers and sellers of established online businesses to connect. It covers a wide range of businesses with prices from as little as $500 to as much as $70 million.
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