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Changes are coming to the Wild West of web properties. And they could be bad news for internet cowboys who like to rope domain names.
At the .com corral, there are 2 major players:
They announced a proposal that could raise the going rate of a .com — and some companies are steamed.
And the changes mean the cap could be coming off. Here’s how the process typically works:
But the new agreement allows Verisign to raise the $7.85 price by 7% for each of the next 4 years. And then 4 out of every 6 years after that.
ICANN and Verisign say they’re just going along with the wishes of the Department of Commerce, which gave them the green light to raise prices.
Namecheap estimates that there are 140m+ .com domains out there. Ars Technica says that means Verisign could see $500m in additional revenue per year, if the changes stick.
It’s not yet clear how much of the price hikes will be passed on to consumers. But Namecheap’s CEO said it’s likely that domain-name registrants will end up paying for most of them.
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