Verisign hikes up domain name prices

From TechCrunch: "Verisign, the domain name registry that controls the .com domain (as well as .net and others), just notified its registrars that the wholesale price of .com domains will be raised 7%, from $6/year to $6.42/year."

Great, that's all we need right now. Seven percent may not mean much, especially for domainers or speculators who register domains by the bulk, but for those who just want to establish a web presence (sounds so early 21st century), it's yet another obstacle.

We certainly can't shift to a ccTLD easily, because the current ccTLD registrar charges $35! (Of course, pricing for CNO (.com, .net, .org) domains are not comparable to ccTLDs because of the sheer volume, but still, I wonder how much DotPH really earns from selling domains.)

The issue here, I think, is that a monopoly can pretty much do anything it wants. Verisign has been given almost carte blanche in increasing domain name prices by 7% yearly, indefinitely. DotPH determines its own pricing scheme as well -- not very consumer-friendly, but more targetted for those who get domains wholesale.

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