Verisign: Domain Name Prices To Increase By 7%

VeriSign Announced increase in .Com/.Net Domain Name Fees, it declared, as of Oct. 15, 2007, the registry fee for .com domain names will increase from $6.00 to $6.42 and the registry fee for .net domain names will increase, from $3.50 to $3.85. Perhaps to head off those fears about the future, Verisign also informed readers, “This will […]

VeriSign Announced increase in .Com/.Net Domain Name Fees, it declared, as of Oct. 15, 2007, the registry fee for .com domain names will increase from $6.00 to $6.42 and the registry fee for .net domain names will increase, from $3.50 to $3.85.

Perhaps to head off those fears about the future, Verisign also informed readers, “This will be the first registry fee increase for .com and .net since the fee structure was put in place by ICANN in 1999.”

But no one’s feeling too comfortable right now; as Burke Hansen reports, a contract between Verisign and ICANN may be a cause for worry.  It “provided for increases of seven per cent in four of any six years of the agreement,” he writes.

However, the deal also provides that in any year when the seven per cent rate increase clause is not exercised . . . Verisign will still be able to raise its prices by seven per cent that year if any of several contingencies are met, such as a ‘threat of attack on the Security or Stability of the DNS.

Verisign, Domain, Domain Name, Price, Increase, Raise, ICANN, DNS