Verisign Decides They Want More Money
The gatekeepers for .com and .net domain names, Verisign, decided they wanted to up the prices for domain names.
By Anick Jesdanun, Associated Press
NEW YORK — The master-keeper of Internet addresses ending in “.com” and “.net” — two of the most popular domain name suffixes — said Thursday it would raise fees charged to register those names.
The annual levy for “.com” will increase 7% to $6.42, and the “.net” fee will go up 10% to $3.85. The per-name fees are what VeriSign collects from companies that sell domain names on its behalf, and such charges are generally incorporated in the prices companies, groups and individuals pay to register names.
With about 62 million “.com” names and 9.1 million “.net” names in use, VeriSign stands to ultimately make $29 million a year from the increase, which will take effect Oct. 15.
I guess this doesn’t matter much for a “one-domain-guy” like me. It sucks that Verisign can wave their magic “web-control wand” and put an extra $29 million in their pocket.
The Mountain View, Calif.-based company said the fee increases, the first since 1999, stem from a need to keep up with growing online use as well as threats from hackers.
Yeah right…they just need to justify a rate increase for a market they have cornered 100%. Monopoly anyone?
What do you think?
