Domain name parking company acquires parking alternative.

Domain name parking company Parked.com has acquired WhyPark, a domain building service. Financial details were not disclosed.

Yesterday WhyPark announced it was scrapping its $99 set up fee and moving to a free model. This is part of the transition to Parked.com.

“Now that we have Parked.com’s expertise in monetizing traffic as part of WhyPark, we were able to change our business model to allow free access to our platform,” WhyPark founderCraig Rowe told Domain Name Wire. “We’re excited to have the opportunity to show what we can offer without the previous barrier of a signup fee in place.”

Customers who previously paid for the product will get additional benefits, such as the ability to place their own ads instead of using the embedded ad feed.

WhyPark will continue to operate as a separate product, but with the added benefits that come with being part of Parked. For example, WhyPark now includes Parked.com’s top tier ad feed, payments twice a month, and multiple payment options. This should substantially increase earnings compared to WhyPark’s previous system.

© DomainNameWire.com 2009.

Review and rate domain name parking companies at Parking Judge.