VeriSign to Raise .COM & .NET Prices

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verisign-logo.jpgVeriSign has recently announced that they will be raising .COM and .NET annual fees as of July 1st, 2010. ICANN has an agreement that VeriSign is allowed to raise their .COM fees by up to 7% per year. VeriSign took advantage of this in the first two years of its contract, raising .COM registration from $6.00 to $6.86. It was assumed that VeriSign would increase its prices every year to maximize profits, but it did not in 2009.

The registration fee for .COM will increase from $6.86 to $7.34 and .NET's from $4.23 to $4.65. The current wholesale price of .com domains is $7.04 including an 18 cent ICANN fee (some registrars pay a 20 cent ICANN fee). The new price will be $7.52 including the ICANN fee (or $7.54 for registrars on the 20 cent ICANN fee structure).

This increase will affect domainers with large portfolios, more than any other businesses or consumers.

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