VeriSign Increases Domain Name Pricing

BillGatesLoveChild writes "CNET reports VeriSign has made its move, increasing domain name prices by 7%. From October 15 2007, .com domains will now cost $6.42 (up from $6) and .net domains $3.85 per annum. ICANN had previously voted to support the increase. Despite annual income of $323.4M from .com domain names alone, VeriSign claims it needs the increase to provide "a high level of security and reliability for .com." This increase comes in the face of complaints by customers, registrars and senators alike that VeriSign is abusing its ICANN monopoly. Yet the furrowed brows and promises of senators of investigations have come to nothing, even though the only people seemingly in favor of the monopoly are ICANN and VeriSign. With complaints about the pair running back to 2002, what can we the public do to get our elected representatives to take the great domain name ripoff seriously?"

Comments

Re:Ripoff?

[AchiIIe]

> This is ONLY a concern to the people interested in owning thousands of names.

I agree. This increase will not harm people like you and me who own one or two domain names. It will however harm people who buy domains in bulk and do not make use of them. Even worse they try to sell them to you at much higher prices.

The bottom line: This increase is good for consumers, bad for domain sharks.