Breaking: VeriSign Hikes Domain Prices Again
Thursday, March 27th, 2008
Company to hike .com and .net prices for second year in a row.
Domain Name Wire has obtained a copy of communications sent to registrars today regarding VeriSign’s (NASDAQ: VRSN) next rate hike for .com and .net domain names. It is copied below.
___________________
March 27, 2008
VIA Email and Express Delivery
Re: Notice of Fee Change
To All Registrars,
VeriSign, Inc. and it’s wholly owned subsidiaries (”VNDS”) is hereby notifying all registrars of a fee change for .com and/or .net domain names effective October 1, 2008. 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 $6.86, 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 $4.23, 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.
Please contact Customer Affairs Office at cao@verisign-grs.com if you have specific questions regarding this notice.
Best regards,
PJ Bolanos
Vice President, Customer Support
VeriSign, Inc.
info@verisign-grs.com
Sh_t …. who is going to stop them raising prices every year or two into perpetuity, just like postage stamps?
I guess you could try to find the opportunity in all this if you are an optimist.
Here come some big drops on marginal domains!
Get used to it. VeriSign has a monopoly and their contract lets them raise these prices, so they have no reason not too. In some ways, it’s their duty to VeriSign shareholders.
Looks like it’s time for us all to renew early…again.
Do they need approval from any entity to raise prices? Or can they do it any time they want?
@ Antoinette - Off of memory, I think they can raise 7% on .com and 10% on .net for 5 of the next 7 years. So you can expect these increases this year and then the next three years.