When I checked my inbox this morning, I received a notification from NameCheap.com that from $8.88 the price per domain name has increased to $9.29.

In April 2007, the Internet Corporation for Assigned Names and Numbers (ICANN)
approved certain domain registries to increase their prices. Domain registries
are the private companies which manage the registration, technical operations,
and control the allocation policies of the TLD’s for which they are
responsible.

Domain registries VeriSign(.com, .net tld’s), Afilias(.info tld),
Neulevel (.biz tld)and Public Interest Registry(.org tld)applied for and
received price increases and have announced they will be raising their
wholesale prices to all registrars including us.

In light of that decision, NameCheap.com will be adjusting its pricing on
Sunday, October 14, 2007 as follows:

.com domain renewals, transfers and new registrations: Old pricing $8.88, new pricing $9.29 per year
.net domain renewals, transfers and new registrations: Old pricing $8.88, new pricing $9.29 per year
.org domain renewals, transfers and new registrations: Old pricing $8.88, new pricing $9.29 per year
.info domain renewals, transfers and new registrations: Old pricing $8.88, new pricing $9.29 per year
.biz domain renewals, transfers and new registrations: Old pricing $8.88, new pricing $9.29 per year

Historically, NameCheap.com has always been averse to adjusting its prices. As these cost increases are being dictated and charged to us by the registries, we are obligated to comply.

Domainers that have to renew their domain name registrations this month are definitely not having the time of their life right now. Although this may just look like a drop in the bucket amount, it sure will hurt those who are making money off domaining.

According to this press release, the reason behind this is Verisign’s need to upgrade its existing DNS systems.

If you’ve been delaying the registration of your unregistered domain name finds, what a great lesson learned the hard way!

This post is originally from Just Make Money Online. Please respect copyright.

Domain Name Price Increase