Is Anyone Using Godaddy’s Good As Gold Payout ?

[adinfinite]

if I understand correctly, this Good As Gold thing allows you to take payment for domain sales in Godaddy Credit -which can only be used inside Godaddy ecosystem-instead of having the funds wired to your account. In return Godaddy gives you a bonus in the cash you leave there.

Who is using this? And why?

Just genuinely curious

 

[fka1080405]

A lot of high volume investors spend a lot of money with GoDaddy and keeping money in the GoDaddy ecosystem can be perceived as beneficial for tax purposes[1] plus it minimises the burden of managing payments. I suspect the bonus was a short term promotion to raise awareness of the "Good as Gold" program and their hope is that more people will use the program. The bonus was a short term promotion that is over now.

Personally, I think the name is dumb, despite reading it often I don't associate it with being GoDaddy "account credit".

edit: oh! The bonus is back, and more now. Definitely a compelling option, an extra 5% that I'll spend with GoDaddy anyway? Sure.

[1] Depending on the jurisdiction and the investor's appetite for risk and/or willingness to "accidentally" forget that these are taxable transactions anyway.

 

[adinfinite]

A lot of high volume investors spend a lot of money with GoDaddy and keeping money in the GoDaddy ecosystem can be perceived as beneficial for tax purposes[1] plus it minimises the burden of managing payments. I suspect the bonus was a short term promotion to raise awareness of the "Good as Gold" program and their hope is that more people will use the program. The bonus was a short term promotion that is over now.

Personally, I think the name is dumb, despite reading it often I don't associate it with being GoDaddy "account credit".

edit: oh! The bonus is back, and more now. Definitely a compelling option, an extra 5% that I'll spend with GoDaddy anyway? Sure.

[1] Depending on the jurisdiction and the investor's appetite for risk and/or willingness to "accidentally" forget that these are taxable transactions anyway.

Got it. Interesting