Here comes your yearly fee increase.
VeriSign has announced its almost-annual price increases for .com and .net domain names.
The wholesale cost from VeriSign for .com domain names will increase from $7.34 to $7.85 on January 15, 2012 and the registry fee for .net domain names will increase from $4.65 to $5.11.
The VeriSign fee doesn’t include ICANN’s 18 cent fee per year. So the wholesale cost of a .com domain name will be $8.03 and a .net will be $5.29.
VeriSign just renewed its contract with ICANN to run .net. It allows VeriSign to continue jacking up .net prices 10% a year. ICANN didn’t provide an explanation for this arbitrary increase.
VeriSign’s press release about the price increase mentions the increasing load of DNS queries the company handles.
Don’t blame VeriSign for raising prices. It’s just making a smart business decision. Blame ICANN.