Domain Name Prices To Increase 7%

Verisign, the domain name registry that controls the .com domain (as well as .net and others), just notified its registrars (the companies that actually sell domain names to end users) that the wholesale price of .com domains will be raised 7%, from $6/year to $6.42/year.

This means registrars, particularly discount registrars like GoDaddy with little margin to play with, to raise their prices by roughly the same amount.

And with roughly 65 million .com domain names registered worldwide, Verisign just added $27 million dollars per year to their bottom line. ;)