TechCrunch ran an article today about a European company called iCharge which accepts credit card payments through an attachable smartphone accessory. The article compared it to Twitter founder Jack Dorsey’s company, Square, which I previously wrote about.
I am not going to analyze the company’s product or services since that isn’t my forte and I haven’t tried it out, but I would suggest they buy an important domain name for this international company. At the moment, iCharge uses iCharge.net for its Internet presence. This might not be a problem with for some companies, but inevitably, people will type in iCharge.com, which happens to be for sale via Sedo for $10,000 EUR (not an affiliate link).
When publishers such as TechCrunch refer to the company as iCharge, people will generally assume the will be found on the .com. This is especially true for multi-national companies that operate in many different markets. As a company that will rely on trust since it’s dealing with payment processing, iCharge should not give another company the opportunity to swoop in and buy iCharge.com. If that happens, they will have no control over that generic domain name.
In my opinion, the price for iCharge.com is fair, especially considering the .net company is positioning itself to become a big player in the field. Now would be the best time to buy the domain name, before the company increases its value.