GoDaddy, which is the largest domain registrar, as well as provider of web hosting services, has launched a new service. It was named Payable Domains and allows you to use domain names for financial transactions. The company is positioning the novelty as an opportunity for small and medium-sized businesses to earn from the very first day of its existence.
When registering a domain name like example.tld, the registrant automatically receives a link to pay.example.tld and can link it to their bank account. In this case, customers and partners can transfer funds using that link and they will be credited to the registrant's account the very next business day. The fee for the transfer is 2.3% of the amount plus an additional 30 cents, which, according to representatives GoDaddy, lower than most payment systems and services.
Payable Domains service allows small and medium-sized businesses to start receiving money even before the creation of a full-fledged website or online store, explains the DN Journal resource, reporting this news. For now, the service is only available to GoDaddy customers who are residents of the United States. " While there's been innovation around add-on products for domain names, such as Domain Privacy and Ownership Protection services, not much has been done to enhance the capability of domain names themselves, - Paul Nicks, one of GoDaddy's CEOs, points out. - Domains have largely been used as a digital identity for businesses, but with this new commerce capability we view the domain name taking on a far more versatile role".
