I Guess VeriSign just sent all of us an early Christmas present.
My registrar just informed me that they received a notice today from VeriSign today that they were raising their fees by 7% on July 1, 2010.
VeriSign fees for .com registrations and renewals will be increasing to $7.34 from its current $6.86 and .Net fees for registrations and renewals will be increased to $4.65 per year.
Don’t forget ICANN’s fee of $.20 (currently) , is in addition to VeriSign’s fees and of course each registrar is free to set their own price.
Nicely played VeriSign, raise your prices right in the middle of a recession.
Of course we would all love the hear the logic of why it “costs” VeriSign more to administer a .com registration or renewal, than a .net registration, to justifies a 50% fee differential.
Certainly if VeriSign can make money administering the .net registry for $4.65 per domain, they could do the same for .com registrations.
Of course it would also be nice if other parties would have been allowed to bid for this contract rather than giving it to VeriSign on a no bid basis with a guaranteed right to rise rates without even a showing of increased cost.
This announcement does not effect any extension other than .com and .net and does not effect any ccTLD’s.
For those who want to read the whole notice here you go:
“””VeriSign, Inc. (“VNDS”) is hereby notifying all registrars of a fee change for .com and.net domain names effective July 1, 2010. In accordance with our
contract, ICANN has already been notified. Details as follows:
1. VNDS’ fee for each annual increment of a new and renewal .com domain name registration and for each transfer of a .com domain name registration from
one ICANN-accredited registrar to another will be US $7.34, exclusive of any ICANN Variable Registry-Level Fee (as defined in the .com Registry
Agreement) or any other ICANN fee; and
2. VNDS’ fee for each annual increment of a new and renewal .net domain name registration and for each transfer of a .net domain name registration from
one ICANN-accredited registrar to another will be US $4.65, exclusive of any ICANN Variable Registry-Level Fee (as defined in the .net Registry
Agreement) or any other ICANN fee.
Except for the above-described fee changes, all other terms of the relevant agreements (.com and .net Registry Agreements and Registry-Registrar
Agreements) remain unchanged.”””
Lets not forget that under the new gTLD proposals, the registries want the price caps completely removed so they can charge you want ever they want to renew your domain names.
Have you joined the ICA yet?