new gtlds Domain Name News That Will Spook You!

[eenmakkie]

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?

 

[Traveler]

Please message me the .villa name. I am from the Donuts registry and would like to investigate.

Please let us know what you find out. Why the change in price, is that going to be a normal practice for "Donuts"?

 

[Joe Styler]

I spoke with Andee and Donuts has not raised the price on the .villa domain so there must be some kind of error or misunderstanding. We have both asked for the domain a couple times. I think having that would help us get to the bottom of this very quickly. I am about to head out for the day but I will be around to look into it again tomorrow after my live hangout, (plug https://www.namepros.com/threads/live-hangout-on-the-godaddy-investor-app-for-auctions.932770/ ) A pm with the domain name will help us easily get to the bottom of it. I think it is good news from the registry that the prices have not changed. If GoDaddy has made an error on the pricing I am happy to apologize and get it fixed asap.

 

[brindle123]

i would like to thank Joe Styler and Andee Hill for coming into the thread to help sort things out. Joe I've seen you come into other threads and offer help. I'm glad that there are stand up reps from Godaddy on the forum.

Thank you both.
Now the ball is in ennmakkie's court to get them the domain so they can help.

 

[Wannabean]

Many thanks to Joe Styler and Andee Hill for getting involved and helping clear this up.

The OP is a new member here and appears reluctant to name the domain. Possible verisign agent here to bad mouth ngtld's?

 

[candomain]

If these "new" premium fees and "adjustments" are true it only trashes the new gtld's and reinforces the value of .com's and also .cc's as Verisign runs .cc.
.cc renewal fees are going down to only $8/year as well.

 

[Wannabean]

If these "new" premium fees and "adjustments" are true it only trashes the new gtld's and reinforces the value of .com's and also .cc's as Verisign runs .cc.
.cc renewal fees are going down to only $8/year as well.

Please read rest of the thread. Looks like this actually isn't true.

 

[candomain]

Please read rest of the thread. Looks like this actually isn't true.

What's not true? Higher renewal fee and hold back's for premium names? The whole idea of these new gtld's was to provide affordable .com keyword options for new buyers. Holding back "premium" keywords for thousands of dollars was not "a deal" for anyone other than the registries. I remember looking at the new .auto etc extensions and typing gibberish into the search bar and voila. Outrageous reg and renewal fees. Go try it I just did here is what came back.
asdfafasdf.cars
Available
$2,999.88
Renewal $2,999.88 / year

What a joke!!! They are committing suicide. Stick with .com, .net and .cc. They are run by Verisign. Mikes post also confirms the scam.
http://www.thedomains.com/2015/09/2...-in-the-new-gtld-space-goes-to-mind-machines/

 

[Wannabean]

What's not true? Higher renewal fee and hold back's for premium names?

Oh this is absolutely verifiable but I mean in the case of the OP with .villa it appears to be a false claim unless the OP wants to state the name so the matter can be investigated further.

But I think you know what I meant. Also you're raising a different issue. No-one is making you reg asdfafasdf.cars for $3000. OP is claiming they reg'd a .villa domain for regular price and then the renewal fee was hiked up without notice.

 

[candomain]

Yes you are correct no one is forcing anyone to reg adasdfasdfa.whatever but these reg fees will kill the extensions when they were supposed to provide affordable alternatives to all of the "overpriced" .coms.
Changing reg fees more than 10%/yr after you register a domain should be criminal.

 

[Wannabean]

Yes you are correct no one is forcing anyone to reg adasdfasdfa.whatever but these reg fees will kill the extensions when they were supposed to provide affordable alternatives to all of the "overpriced" .coms.

I believe your right. Think I said earlier in the thread premium pricing on ngtld's just promotes hyphenated .com's.

 

[candomain]

Yes or just approach the owner of the non hypenated .com. There are many deals in the $xxxx range for single and double word .com names including brandables.

 

[Wannabean]

Yes or just approach the owner of the non hypenated .com. There are many deals in the $xxxx range for single and double word .com names including brandables.

Yeah I'd go along with that. The only way ngtld's were ever going to work was if they were cheap and provided more logical and easy to remember strings. The unseen cost to the registrant would be traffic leakage to the .com, which may or may not fade over time.

Sadly the best ngtld's have been priced as if they were .com. So you have to pay .com price and you still lose traffic. Sorry but who came up with this business model? It might look good in the short term when dominers reg a bunch of these but in the medium term? Shot themselves in the foot imo.

 

[candomain]

The bleed will always go to .com. I still have customers that put .com after .ca and they are in Canada. This is after I tell them the domain address with the .ca extension and no reference to .com??

 

[Wannabean]

The bleed will always go to .com

I dunno about always.

 

[candomain]

I dunno about always.

Yes your right. O.co showed it was 61%. Imagine over half of your customers going to .com and you don't have the .com. Ouch.

 

[Wannabean]

Yes your right. O.co showed it was 61%. Imagine over half of your customers going to .com and you don't have the .com. Ouch.

Yeah right now but forever? Not sure. Oh and big ouch

 

[candomain]

Probably not forever but making new gtld's as expensive or more expensive than the .com equivalent won't help the new gtld uptake at all.

 

[eenmakkie]

It's called price gouging!
See, registrars will always be the winner and the investors will be shafted. Very sad.
This will keep happening with all these ngtlds.
Bottom line is: just stick with dotcom!

it is scary they can do that. I invested heavy in the new TLDs and have for thousands of dollars renewals each year. If the can increase the renewals at there will or because there robot crawlers have found out that the domain has a higher value as they thought it was "because it is on the market for sale" , an investor in the new TLD's can co bankrupt very fast.

 

[eenmakkie]

Everyone says they have to give you notice of the price hike and that you can renew at current price, but I don't think they will honor the original price!

This is going to be a big problem dealing with greedy registries. What extension was it? We need to get this out in the open right now!

the extension was .villas

but have seen it before also with .blue and .red

I have a print screen of it. The Godaddy representative told me they have the right to do that because I am just renting the domain and if I have not rented it for a long time 'many years" I choose to take that risk.

 

[eenmakkie]

thanks for the links, but the most important for me is to know the law, do they have the right to do that? I invested heavy in the new TLDs, and still need to price them on the market for sale. So if there robot crawlers find out about the price I am asking, and I have not sold them before the next renewal, they could increase the renewal a lot and " take over my domains" if I don't pay there new price.

One domain, is just one domain and can be given up, but knowing the risk is there for all the new TLD domain is just a to big risk to take and invest in those.[/QUOTE]