Almost all generic top-level domains (gTLDs) are unregulated, and their prices have been rising at an alarming rate. In 2020, .org was almost sold to the private equity firm Ethos Capital after ICANN eliminated price caps on domains. Ultimately, ICANN blocked the sale after a significant amount of public opposition.
The fate of .com wasn’t as fortunate. Verisign struck a deal with ICANN to raise the wholesale price of .com domain names by 7% every year for four years, with a two-year break, indefinitely. The agreement happened after Verisign agreed to pay ICANN $20 million. Verisign is expected to increase its revenue by $800 million over ten years, growing its annual revenue from $1.1 billion to almost $2 billion by 2029.
The new price increase for .com domain names begin on August 31, 2021, at 9:00 PM Pacific (September 1, 2021, at 4:00 UTC). Because of this, we are again increasing the cost of our .coms to keep up with the costs we pay. Domain are not a commodity which we make money on, instead we prefer to provide them to our customers at the lowest price possible. As of today, our .com will be increased from $11 to $13 per year for registrations and transfers.
Additionally, after a yearly review of accounts and our financials, we have determined that our legacy accounts (mostly anyone who signed up before 2016- a special thank you to all of you who have been with us over the last 20 years!) will need to be updated to a new pricing structure. We pride ourselves on providing the most comprehensive hosting solution for the best value possible and in order to better serve all of our customers, we have decided this is the best path forward.
You can see the updated pricing structure by logging into your client area under Service -> My Services. If you have any questions about your new billing structure, please contact us at email@example.com or open a ticket and we would love to discuss any concerns you might have.
Wednesday, September 1, 2021