Godaddy has launched a new payment solution called Godaddy Payable Domains to help small businesses receive payments through their domain.
Godaddy Payable Domains
Godaddy Payable is a payment solution that makes it easy for businesses to receive payment through their domain without necessarily having a live website. All that is required is to register a domain at Godaddy and link it to the Godaddy payment gateway.
Payment received through Godaddy Payable attracts a fee of 2.3% + 30 cents per transaction. For example, if you receive $100, you will be charged a fee of $2.6. This is a few cents less than what PayPal and Stripe charge.
Godaddy Payable is currently only available in the United States. There are no timelines on when it will launch in other countries.
How Godaddy Payable works
To start using Godaddy Payable;
- Purchase a domain from Godaddy or use an existing one
- Then go to payments.godaddy.com
- Create an account or log in
- Connect your domain
- A subdomain will be generated for your domain that you can use to receive payments
Example: If your domain is https://roohshad.co, you will receive payments through https://pay.roohshad.co (go to the link to see how it works).
Payments can be withdrawn to your linked bank account
The payment page can be customized to include your logo, payment description, and terms.
Godaddy Payable is ideal for freelancers and small businesses that want to receive payment for a single product or service. Creatives can use it to receive donations from fans or payment for services offered online.
Godaddy Payble is a good alternative to Patreon or Buy Me a Coffee if you want your fans to support you without necessarily having to create membership pages.
Since this is a new solution, there are a number of questions that need to be answered. First, can you use a domain that is not hosted on Godaddy? If yes, what nameserver configurations are required? Second, can you use any other subdomain name other than “pay”? Lastly, what happens if you lose your domain, sell it, or migrate from Godaddy?
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