Company will raise wholesale cost of .com domains by 62 cents.
Verisign (NASDAQ: VRSN) today announced a 7% increase in .com prices to take effect on September 1, 2023.
The wholesale price for .com domains will increase from $8.97 currently to $9.59 after the increase. This does not include ICANN’s 18-cent fee. Registrars mark the price up to cover payment processing, technical and support costs, and profit.
Under its agreement with ICANN and the U.S. government, Verisign is allowed to increase prices by 7% per year in the last four years of every six-year contract term. This will be the third hike of this contract term, and the company is expected to increase .com prices to $10.26 in 2024.
Domain registrants can renew .com domains for multiple years at today’s prices if they do so before September 1.