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Blog Zone > Web Sight > Web Sight > VeriSign jacks up domain name fees again

VeriSign jacks up domain name fees again

03/29/2008 12:02 am

For the second time in six months, domain name traffic cop VeriSign is asking everyone to dig a little deeper into their wallets to register their dot-coms and dot-nets.

Starting Oct. 1, the company that operates the Domain Name Service for sites ending in “.com” or “.net” will raise the fees required for registration. The fee for “.com” will increase to $6.86 from $6.42 per DNS, and the fee for “.net” will go up to $4.23 from $3.85.

California-based VeriSign says rising traffic on the Internet — mainly from Web-connected wireless devices and new technologies that use DNS — drives the increase. Demands on improving Web security also have put pressure on VeriSign’s bottom line.

The company says it handles approximately 33 billion DNS queries daily, with a maximum potential volume of 400 billion. It hopes to expand that capacity to 4 trillion in a couple of years.

The last time VeriSign bumped up fees was Oct. 15, when the “.com” fee rose from $6 and the “.net” fee from $3.50. Prior to that, fees remained stable through 1999, when the Internet Corporation for Assigned Names and Numbers, or ICANN, first set up a DNS pricing system.

ICANN is a for-profit firm that works with the U.S. Department of Commerce to set DNS policy.

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One Comment
  1. Verisign has a monopoly over the .com and .net registrations and as such, it shouldn’t have the authority to increase the “domain name tax” for shady reasons.

    Comment by Claude Gelinas -- March 31st, 2008 at 12:08 pm

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David Sheets