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The word "Pegpay" contains only six letters and only two syllables. Two-syllable names are highly rare and extremely valuable. Established brands using two syllable names include Delta, Boeing and Dropbox.
This domain was first registered in November 2008. Older domains have an advantage when ranking in search engines.
Pegpay.com is a dot-com domain. Dot com domains are the most valued top-level-domain in the world, used by famous websites like twitter.com. Owning a dot-com says that you own the word "Pegpay" online.