Buying a Domain on a Payment Plan

Learn all about Payment Plans and Lease to Own Options

Squadhelp Admin avatar
Written by Squadhelp Admin
Updated over a week ago

Payment plans offer a flexible mechanism to purchase domains by reducing your upfront costs, and spreading the purchase price over several months.

How Do Payment Plans Work?

  • You have the option to choose the total duration of the payment plans. Some domains offer payment plans up to a 6 month duration while others may offer extended payment options up to 24 months or above

  • As soon as you setup the payment plan, we will bill your credit card for the first month's payment.

  • At this point, we will move the domain to our secure Escrow account and our team will help you in making any changes to the domain settings so that you can begin using the domain right away.

  • We will bill your credit card on a monthly basis until the domain is fully paid off

  • You also have the option to pay off the balance early at any time. In addition, you can also decide to cancel the remainder of payment plan at any time.

  • Once the domain is fully paid off, we will transfer it to your ownership.

Key Benefits of Payment Plans

  • Lower Upfront Payment: Instead of making a full payment, you make monthly payments towards the cost of the domain. Once the domain is paid in full, we will transfer it to your ownership

  • Begin Using Domain Immediately: You can begin using the domain immediately after your first installment. Our team will assist you in making any changes to the DNS settings such as Name Servers, Email settings etc.

  • Cancel Anytime: We understand that plans can sometimes change. If you no longer have a need for the domain, you can simply cancel the payment plan and you will not be billed any more for the domain. The domain will not be transferred to you in this case.

Frequently Asked Questions

  1. Can I begin using the domain immediately?

    Absolutely! Our team will assist you in making any changes to the domain settings so that you can begin using the domain right away. For example, you can launch your website or setup email addresses for yourself and your team while the payment plan is in progress.

  2. What happens if I no longer need the domain?

    You can cancel the payment plan at any time by contacting us via email or 24x7 chat. In that case, we will no longer bill your credit card for future payments. Any previous installments that were already paid are not refundable and the domain will not be transferred to your ownership.

  3. What if I miss a payment?

    We automatically bill your credit card on the due date of your monthly installment. If, for some reason, we are unable to bill your credit card, you will have the option to change your credit card or send us payment via bank transfer. We offer a grace period of 10 days for you to make a payment. If we still do not receive your payment at the end of 10 day grace period, the payment plan will be cancelled.

  4. Is there any additional Finance Charge on monthly payments?

    In most cases, there is no additional surcharge on the monthly payments. However if you opt for extended payment plans (12 months or higher), there might be a small fee applied to administer those longer payment plans. This fee will be clearly indicated in your monthly payment amount before you setup your payment plan.

  5. Can I pay-off my balance early?

    Absolutely! You can pay off your remaining balance early at any time. There are no additional fees for early payoff. As soon as your domain is paid in full, we will transfer the domain to your ownership

Important Terms

Click the link below for Detailed Terms about Payment Plans

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