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ArielT

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Hi,

In Junuary of 2019 I registered a .best domain at the promo price the registrar had at that time $10

Now when going to renew it it says it is premium at $83

I contacted the registrar and they told me that the registry had a promo at that time for premiums at that price of $10. Is it correct?

But I would be sure that the domain didn't have a premium tag when I searched for it

What do you think?
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
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I hate to see this kind of stuff happen to honest registrants, serves no purpose to anybody, you lose the name, and the registry loses the revenue, really no winners.

And the registry burns through any credibility they might have had...

Big promises, and a bunch of people left holding the bag.
Pretty pathetic really.

Brad
 
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And Cyril seems to have disappeared. I am shocked!!!

I can't think of one term in .best that I would pay $80/year for.

Brad
The.Best is a good option, but .best registry uses it to pay people to leave paid review on .best sites, go figure.
 
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I remember the big debate/discussion when the hotel.best "offer" was announced. Some people on here got very prematurely excited despite the warnings of others.

Ultimately, I think we can conclude that .best has served as a valuable lesson in the domaining industry.
 
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The.Best is a good option, but .best registry uses it to pay people to leave paid review on .best sites, go figure.

They would be lucky to get a nickel for a domain. That is more than 99.9% of them are worth.

(18) total .Best sales on NameBio for $3,074. There is no secondary market.

If anything it might be a blessing so people can drop the garbage sooner.

Brad
 
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I remember the big debate/discussion when the hotel.best "offer" was announced. Some people on here got very prematurely excited despite the warnings of others.

Ultimately, I think we can conclude that .best has served as a valuable lesson in the domaining industry.

Yeah. It appears that all the "haters" were right after all.

The sad thing is the people who could least afford to lose money are likely the ones who did lose money, as seasoned veterans have seen this hyperbole and empty promises over and over again.

Brad
 
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Yeah. It appears that all the "haters" were right after all.

Brad
I'm going to go register ExpectTheWorstAndHopeForThe.best
 
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I found this in the other thread. Seems to sum it up "best."

EAlY8tYXoAIaXLw
 
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In Junuary of 2019
All current fees are applicable only for .BEST domains regged no earlier than Feb'2019.
For "old" domains - no changes in fees.
That's why you see this renewal rate.

Drop and register again.
The only 1 way.
 
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Guys, I got the clarification for my case and the case of many others from the thread posted by @Brands.International

According to @Cyril.Best, the reason of standar to "premium" is that in 2019 they made a price change from $70 to $15 and domains registered at old price of $70 was labeled as "premium" An special premium category assigned to that group of domains

This affect domains registered before 5th feb 2019. So these "premium" domains will renew at old price that is higher than current price

It seems that it is the only registry that did this

Personally, I'm optimistic that we can trust that it is not common practice so if we register standar fee domains they will remain like that :xf.smile:
 
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Because .BEST was sold to another company in 2018.
That's why price policy was changed, but "legacy" domains were not affected.
 
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And those "legacy" domains are unpredictable after their drop...
Some of them will be repriced up to $1K, but others - can be regged at $1.xx
This is from my own experience.
 
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Yes, you are right @Jurgen Wolf

Anyways I don't agree with this practice carried out by the .best registry but what are we going to do

Thank you to all of you guys for the comments :xf.smile:
 
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I don't think the situation has been completely accurately portrayed (although part of that problem is by .best who incorporated a complicated structure, to my knowledge different than any other TLD).

For any .best registered at standard (including discounted) rates on Feb 5, 2019 or later, the renewal rate is about $15 wholesale.

For any .best registered earlier than that date, the wholesale rate remains $70, the value that renewal for the TLD had been historically.

The date chosen was the date they announced the reduction in renewal rates (although the change came into effect 6 months later). Their logic being that everyone has a rate consistent with what had been the situation at time of registration. This means that domain investors need to check if acquiring aftermarket domains which category they are in. I see how the registry wanted to maintain the revenue stream from a small group of long-standing registrants (even at $70 the renewal rates traditionally were solid), but it is a complex situation that confuses investors as this thread shows.

It was said that @Cyril.Best did not respond to explain it but that is not true. See this post and numerous that follow.
https://www.namepros.com/threads/what-are-your-best-domain-names.1126251/page-13#post-7385609

Now the situation is made worse by the fact that some registrars are not seemingly using the correct wholesale rates and still treating them all as the previous $70 wholesale. I don't know if this is because of registrar agreements or the registrar is making a huge amount on each renewal. The registrars who for an extended period have offered the best discounts seem the ones who have the renewal rates right. So definitely shop around.

Also a few errors slipped into their backend provider, so if you registered at low rate a .best after the Feb 5 date but it shows high renewal rate apply to have it changed (I recently did that for one).

My personal view? I wish they had one straightforward rate. But compared to most new gTLDs there are very few even good words reserved as premium, so it is possible to get nice combinations for a very low first year and a lower than many new gTLDs renewal rate.

Bob

(Obviously I have no association with registry other than owning domain names, as I do for about 25 other TLDs :xf.grin:, so while I hope the information I gave is accurate, it should not be interpreted as anything official.)
 
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Lots of extensions have pulled enough stunts that it hurt the entire space, especially with Domain investors who help these internal eco systems stay afloat with multiple registrations until they can grow organically.

The accelerated price hikes on extensions that are on life support, does not give the registrants confidence. We have to treat erealstste as such, you want to build your business on land that you think will increase in value as you build, and develop your business. Now with new gtlds it seems increasingly so that you are being squeezed by the local building authority with extra ordinary fees, so what do you do, get up, and move your business to a jurisdiction where fees are more neutral.

I’m not saying people can’t continue to make money in such extensions, but as they continue to change hands, delete, and drop, they are getting repriced as higher premiums, or reserved completely. If people are not developing, and marketing such extensions they will never even be known to exist which is what is happening now. Most domainers don’t know what extensions are live, how are consumers, or potential end users. As more people maybe tend to start off with a promo $4.99 gtld extension, the minute they gain funding, or traction, or access to their .com or equivalent they jump ship for the more secure brand. Google userbase.com who jumped ship from .dev, to .com the moment they were able to pay $25k for the .com when it became available within their budget.

Now when we go back and see where .info, and .biz premium name prices were in the past, and how hard they have fallen, I mean you can get one word .info, and .biz names for under $100, and these are short descriptive extensions, it’s not a good sign for the gtld sector. Now, I’m not saying smart domainers can’t make a profit in the sector, but the registries are choosing to be the domainers themselves, and most squeezing most of you out, so really the ones who are persistent keep finding a bit of profit within the cracks, but as they fill, most domainers will essentially be squeezed out of this space with high fees, and renewals, and lack of consumer demand as we have seen with the original OP, who is willing to probably pay 4-5x the .com renewal, but the greed of the registry will take essentially a $.30 cent cost, and refuse a $25-$30 annual revenue stream. As this person leaves the .best space, they have many options, and opinions they will share with others, and they will not help the space going forward, as their sentiment has turned negative.

Look at darling .xyz, and all those people who paid big money for some of those end user sales, and renewals, those valuations are down, and they are dropping registrations at a record rate. We are taking about a registry that had a $.10 cent registration promo, not sure if they had $.01 promo either; but I believe they did, and it didn’t help much down the road, the market is not accepting of it.
 
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But I think there are laws that protecs consumers from deceptive pratices
I think the deceptive practice wording is too strong here. When you registered, at most registrars I use, it would have listed your domain name as register for x$ renews at y$ and that would have said $78 renewal or something like that. Even if they did not specifically say that, all you had to do is before checking out set it to 2 years to see what the renewal will be.

Had that been $18 then and now it is $78 that would be deceptive and totally unfair, I agree, but that is not what happened. Rather, the renewal rate at the time you registered was stated as about $78. It has not changed.

Now I agree that it adds confusion where people who registered later than you now get a better rate. That happens in other parts of life. I am pretty sure some of my neighbours get a better deal than me on my Internet plan :xf.frown: depending on promotions when they signed up. And here some neighbours pay different rents for similar apartments according to when they started.

I don''t like things like that, but as long as the renewal rate is not significantly higher than what you were informed at the time you registered, I think calling it deceptive is unfair.

That said, as I indicated before, I think in the interest of everyone a single standard rate would have been better. Certainly clearer.

Bob
 
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I don't think the situation has been completely accurately portrayed (although part of that problem is by .best who incorporated a complicated structure, to my knowledge different than any other TLD).

Yes, the complicated structure was confusing from the start and there was never much clarity. There still isn't clarity because there is so much confusion. Price structures for domains should not be that complicated.

It was said that @Cyril.Best did not respond to explain it but that is not true.

I know in my case I did not state that there was no response. I stated it was not "properly addressed" because there remained much confusion.

Unfortunately, it was never properly addressed and now we have this unfortunate situation.
 
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It seems that it is the only registry that did this

Possibly because they are the only registry that decreased renewal rates for the vast majority of their domain names by about 78%. Are there other examples, not counting the premium that were reclassified as standard by Donuts in the fall, of extensions where the renewal rate was decreased by a factor of more than 4x? There probably is some registry that has done it, but I can't immediately think of one other than some short term limited promotion.

In an era when most renewal prices edged up, and price caps were removed from a legacy extension that already had a 10% per annum maximum cap, the BEST registry reduced the renewal rate by a huge factor on the vast majority of registered .best domains.

Would we rather it was $9 or even less? Of course. Would we rather it applied to all of the .best domain names rather than about 85% (rough estimate) of registered .best? Yes, definitely.

It would be like Verisign reducing the rate on new .com to renew to $2, while all existing were kept at the $8 wholesale price. So only new ones were eligible for the new rate. Would people who currently held .com complain? Probably some would, I mean this is NamePros :xf.grin:. But really, if .org said new registrations would carry a $3 renewal, but not already registered ones, how would people feel. I would be happy :xf.smile:.

So here is headline story:
BEST Renewals Shrink from about $78 to about $18! (*)
(*)Some conditions apply. Must not have been registered by you prior to Feb 5, 2019. Must not have been previously designated a premium domain name. Some registrars may offer lower renewal rates.

Bob
 
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I stated it was not "properly addressed" because there remained much confusion.

I agree. If when the lower renewal rate was announced in February there had been a clear statement of the exclusions I think that none of the bad feeling would have resulted. Rather people would have viewed it as the good news that it was, it just did not apply to everyone.

Bob
 
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And Cyril seems to have disappeared. I am shocked!!!......Brad

It is now all too obvious Cyril was posting heavily to promote the big dot-best sale last March/April. It also appears he talked about an alleged pending sale (never confirmed and names still go to landing page) of hotels.best and hotel.best for 1 million $ as part of his marketing campaign.
 
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Good posts @Bob Hawkes. Yes, the "deceptive" was strong and now I retract of that :xf.smile:

I was not aware of this division of standar domains with the first group labeled "premium". I thought it was an aritrary change based on keywords where the price could have been any. Anyways I think the fair would have been non premium tag and same renewal but what are we going to do

Thanks to everyone :xf.smile:
 
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