VeriSign to Increase .com, .net Domain Fees
Jeremy Kirk writes on InfoWorld:
VeriSign is planning to raise the wholesale cost of registering a .com or .net domain name in October to generate more money for infrastructure improvements, the company announced on Thursday.More here.
The increases are the first of several VeriSign is allowed impose through 2012 under an agreement with ICANN (Internet Corporation for Assigned Names and Numbers), the overseer of the Internet's addressing system. VeriSign is the official registry for domain names ending in .com, .net, .cc, and .tv.
On Oct. 15, the wholesale price of a .com domain will go from $6 to $6.42, a 7 percent hike and the maximum annual percentage increase allowed under the March 2006 agreement with ICANN. A .net domain name will increase 10 percent, from 3.50 to $3.85.
VeriSign can't raise the price of the .com domain registrations more than 7 percent annually in four years of the six-year agreement with ICANN, which runs through 2012. However, VeriSign is allowed to raise prices for security reasons or in respect to new ICANN policies if there hasn't been a formal price increase that year.
posted by Fergie @ 4/05/2007 04:47:00 PM
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