Internet Commerce Association calls for halt to .COM domain price increase!
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The current wholesale price of .com domains is $7.85 per year. But in the next 6 years, Verisign can easily soar by nearly $14 and can raise the price of .com. $7.85 is already too expensive and should be around $2 to $3.
The Internet Commerce Association (ICA) has created a petition on Change.org to stop the .com registry Verisign from raising .COM pricing.
Sometime before November 30, 2018, when the NTIA-Verisign partnership agreement expires, the price of .COM domains may increase! ICANN and NTIA are required to take immediate action to stop the potential price increase of .COM domains!
The current wholesale price of .com domains is $7.85 per year. But in the next 6 years, Verisign can easily soar by nearly $14 and can raise the price of .com. $7.85 is already too expensive and should be around $2 to $3.
If the .COM price increases, millions of .COM registrants could collectively pay hundreds of millions of dollars in registration fees. Verisign has been extremely profitable from its exclusive contract to operate the .COM registry.
Verisign, a public company with a market cap of over $16 billion and net revenues of $457 million in 2017, enjoys monopoly control as the registry operator for all .COM domains under its contract with ICANN, and with the State of California, a non-profit corporation responsible for managing the global domain name system.
Verisign has been the exclusive registry operator for all .COM domains since 2000. Dot-com is by far the most popular domain extension in the world, with nearly 134 million registered Dot-com domains.
In 2006, Verisign successfully negotiated multi-year price increases worth hundreds of millions of dollars, and would do so again in 2012 until the U.S. Department of Justice stepped in to block their efforts.
The current cooperative agreement between the National Telecommunications and Information Administration (NTIA) and Verisign expires on November 30, 2018, and unless extended in its current form, Verisign may succeed in obtaining the long-sought price increases.
We, the millions of .com domain name registrants around the world, have the most to lose from .com price increases, and we ask ICANN and NTIA to take immediate action to prevent any .com price increases.
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