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03|27|2008 05:37 pm EDT

Big Shocker ! Verisign Raises Prices Again.

by Adam Strong in Categories: Registries

VerisignIn an announcement sent to registrars today, Verisign announced that they will again be raising prices on both .com and .net domain names.  The price increase, effective October 1, 2008, will raise the registry fee to $6.86 for .com and $4.23 for .net domains. (*Note these are registry prices, ie what registrars pay to the registry)  You should therefore expect all registrars to be increasing their retail prices in October.

This news comes as no surprise as the ICANN and Verisign revised agreement allows for Verisign to raise rates by 7% every year of their new contract and grants them a presumptive renewal of that contract.  It’s interesting how the cost of every other technological commodity such as bandwidth and server space has decreased in price, yet Verisign somehow can increase it’s prices.

Domain Name News advice – buy Verisign stock. ;)  and renew your domains before October

The note sent to all registrars can be seen after the jump.

To All Registrars,

VeriSign, Inc. and it’s wholly owned subsidiaries (“VNDS”) is hereby
notifying all registrars of a fee change for .com and/or .net domain names
effective October 1, 2008. In accordance with our contract, ICANN has
already been notified. Details as follows:

1. VNDS’ fee for each annual increment of a new and renewal .com domain name
registration and for each transfer of a .com domain name registration from
one ICANN-accredited registrar to another will be US $6.86, exclusive of any
ICANN Variable Registry-Level Fee (as defined in the .com Registry
Agreement) or any other ICANN fee; and

2. VNDS’ fee for each annual increment of a new and renewal .net domain name
registration and for each transfer of a .net domain name registration from
one ICANN-accredited registrar to another will be US $4.23, exclusive of any
ICANN Variable Registry-Level Fee (as defined in the .net Registry
Agreement) or any other ICANN fee.

Except for the above-described fee changes, all other terms of the relevant
agreements (.com and .net Registry Agreements and Registry-Registrar
Agreements) remain unchanged.

Please contact Customer Affairs Office at cao@verisign-grs.com if you have
specific questions regarding this notice.

Best regards,

PJ Bolanos
Vice President, Customer Support
VeriSign, Inc.
info@verisign-grs.com

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