Domains Ending with .com Expected to be Expensive

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Domains Ending with .com expected to be expensive

According to a new contract among ICANN and Verisign, the cost of domains ending in .com may go up in the coming years.

Domain registrar Namecheap reports that the Internet Corporation for Assigned Names and Numbers (ICANN) has permitted Verisign to increase the wholesale price of .com domains.

The new agreement permits Verisign to charge domain registrars 7% more for .com domains every year for the following 4 years (2020-2023). Costs will at that point be solidified for a long time, trailed by more increase somewhere in the range of 2026 and 2029.

In principle, inside 10 years time, the cost of .com domains could cost generally 70% more than their present selling cost.

A public statement from ICANN states:

“While Verisign does not set retail prices for .COM domain names, the proposed amendment to the .COM RA will provide pricing certainty by limiting the potential maximum wholesale price for .COM domain names. For example, if the four standard price increases are taken in this six-year period, the maximum wholesale price for .COM domain names would be $8.39 no earlier than Oct. 26, 2020 (compared to $7.85 today), and cannot exceed $10.26 until October 2026.”

What Does This Mean for Site Owners?

It is assumed that the increased expense of .com domains for registrars centers be passed along to purchasers, although that isn’t known without a doubt now.

The agreement additionally considers other cost increments for “phenomenal” circumstances. So the cost of .com areas could go up for customers by more or less than 7% every year.

This contract won’t influence the expense of other top-level domains. However, .com domains are by far the most broadly used. As indicated by Namecheap, there are 359.8 million total domain names, of which 144 million are .com.

Namecheap claims that ICANN and Verisign rolled out these improvements in mystery without looking for any criticism from web clients.

The overall population can give feedback to ICANN during the public comment time frame, which is open through February 14. Whether or not the feedback will have any effect on this agreement remains to be seen.

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