eenmakkie
Established Member
- Impact
- 21
Imagine registering a new domain, at he moment you registered the new domain, it was not a premium top level domain. So you pay a fair price for it.
You think it is yours and every year you have to pay the same renewal price.
That is what I did by godaddy.com
I bought a new TLD domain when they came on the market.
started offering it for sale.
Now when the next renewal is coming close, I went to my godaddy.com account and suddenly they wanted 499.99$ to renew the domain for a year. A huge multiple increase compare to the price I paid to register the name.
I called help desk and they told that the domain has become top level domain name as they have seen the value of it.
what?!!!!!
So you buy a domain, spent a lot of money and work on the website, make a business around it, it becomes big on the market, you start to earn millions and suddenly the registrars can ask you what ever they want to renew your domain as they have seen the value of your domain now?
And if you do not pay the extravagant renewal price they ask, it becomes there's? So then they can sell your hard work?
Is this legal?
So what google.com or facebook.com they bought there domains for 1000 years upfront to avoid that the registrar can ask them a couple of billions to renew their domains?
You think it is yours and every year you have to pay the same renewal price.
That is what I did by godaddy.com
I bought a new TLD domain when they came on the market.
started offering it for sale.
Now when the next renewal is coming close, I went to my godaddy.com account and suddenly they wanted 499.99$ to renew the domain for a year. A huge multiple increase compare to the price I paid to register the name.
I called help desk and they told that the domain has become top level domain name as they have seen the value of it.
what?!!!!!
So you buy a domain, spent a lot of money and work on the website, make a business around it, it becomes big on the market, you start to earn millions and suddenly the registrars can ask you what ever they want to renew your domain as they have seen the value of your domain now?
And if you do not pay the extravagant renewal price they ask, it becomes there's? So then they can sell your hard work?
Is this legal?
So what google.com or facebook.com they bought there domains for 1000 years upfront to avoid that the registrar can ask them a couple of billions to renew their domains?