As expected, VeriSign raised the price of domain names, effective in October. New prices wholesale prices (to the registrar) for .com domain names are going from $6.42 to $6.86, while .net will increase from $3.85 to $4.23. This news came a few days ago in a letter to registrars. (Hint to consumers: renew your domains now.)
VeriSign’s contract with ICANN lets them raise prices by 7% a year, and if the sun rises in the East, then VeriSign will raise prices to the maximum extent allowed. You’d think that as the number of domain names increases, prices would go down, right? Isn’t this the trend everywhere else in technology? You know, economies of scale and all that…
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