You probably mean the Azure Websites service. It doesn't support SSL on custom domains yet, but it's a preview version. That feature is expected before this service is released.
The PaaS offer per se is called Hosted Services and it does support SSL on custom domains.[1]
The price for the IaaS offer for a small Windows VM is $0.08/h ($57.60/month).[2] EC2 pricing for a small Windows VM is $0.115/h ($82.80/month).[3]