.COM & .NET Domain Name Price Increases

Starting July 1st, 2010 Verisign®, the registry for .COM and .NET domain extensions, will increase prices. The fees are charged to domain registrars such as GoDaddy and Tucows, which typically handle domain registration for customers.

ICANN has an agreement that VeriSign is allowed to raise their .COM fees by up to 7% per year. This added $27 million dollars per year to their bottom line. VeriSign took advantage of this in the first two years of its contract, raising .COM registration from $6.00 to $6.86. It was assumed that VeriSign would increase its prices every year to maximize profits, but it did not in 2009.

So now in 2010 they are taking action and rasing fees. The registration fee for .COM’s will increase from $6.86 to $7.34 and .NET’s from $4.23 to $4.65. The current wholesale price of .com domains is $7.04 including an 18 cent ICANN fee (some registrars pay a 20 cent ICANN fee). The new price will be $7.52 including the ICANN fee (or $7.54 for registrars on the 20 cent ICANN fee structure).

This increase will affect domainers with large portfolios, more than any other businesses or consumers. Verisign® stock is currently at 28.89 and has been on the incline since Jun 2009.

So make sure you buy your domains names before the price hike even though it isnt a huge increase expect to see more increases over the years to come. If you want to purchase domain names at an affordable rate Benzing Technologies is offering .COM’s for $7.49 and .NET’s for $6.14.

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