VeriSign Jacks Up .com, .net Prices To the Max
se7en writes "VeriSign is jacking up prices for the .com and .net domains for the second year running, increasing both by the maximum 7% allowed under its exclusive contract with ICANN. 'Assuming that VeriSign continues the 7 percent rise each year (which seems reasonable given the company's history), registrars will be looking at $9.00 for .com domains by the time the current contract ends in 2012 — a 50 percent increase in six years.' Registrars have no choice but to pony up, and chances are they'll pass the pain on to customers."
I wonder if this will decrease the amount of spam sites that clutter up so many Google search results...
I suffer from attention surplus disorder.
Is there any reason Verisign wouldn't jack up prices by the max allowed in their contract?
[Fuck Beta]
o0t!
There's a very limited number of reasonable .com and .net domains out there. If they aren't worth USD $10 a year to you, maybe you should let someone else have a chance?
I think registration should be something like $100 one-time + $25/yr. Yeah, I'd spend a lot more, but it would be worth it to kill squatters.
How can I believe you when you tell me what I don't want to hear?
Given the recent drop of the value of the dollar, that means that much of the rest of the world whose currency isn't based on the US dollar will see a 1% price drop, instead of a 8% price drop.
The dollar is dropping like a rock. If they are an international company, they probably have no choice. When did they make this contract? They may even be getting screwed.
...somebody tell the GoDaddy girl that her tits are going to have to get bigger.
Dark Reflection
The contract is on the ICANN site. People should read it before making statements that aren't true. Verisign can not raise the fee every year, only four of the six years in a contract period. Look at the payments they need to make to ICANN: $1.5 million rising to $3 million a quarter over the contract. Look at the SLAs for .com and .net (5-100 milliseconds), 100% availability per year on some services or penalties. How many company's can provide that level of service for the millions or billions of queries they get a day, especially from the squatters that register hundreds of thousands of names a day and release them during the grace period. Verisign doesn't make any money from the squatters yet has to store and report on all of that data. If people think the business is such a cash cow and easy to do, why didn't they bid on the contract? They could be billionaires by now.
http://www.icann.org/tlds/agreements/net/
http://www.icann.org/tlds/agreements/com/