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registrars Epik increases prices marginally

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anantj

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This applies primarily to account holders with the Namepros special pricing. Epik has announced that it is increasing the prices of .COM registrations marginally (By about $0.39).

Full announcement/e-mail below:
Dear Epik customer,

You are receiving this message because you are part of a select group of investors and large portfolio holders for which we offer registrations, renewals and transfers at base cost for certain TLDs - most notably .com.

Epik has such an offer in place because we understand every time you advertise and sell a domain through our Marketplace, you bring a new customer to us. It's our way of thanking you for your continued support.

We have always lived to the spirit of the offer, meaning we charged you the exact same amount we were charged by the registry. This resulted in a slight loss to Epik after payment processing fees.

Recently, however, we had a surge in fees charged by one of our payment processors, and honoring the deal without slight adjustments is not viable anymore. Therefore, effective immediately we are raising .com registration, renewal and transfer prices from $8.10 to $8.49.

We understand this change may impact negatively on your financial planning, thus we are making an one-time offer for those clients who would like to register, renew or transfer .com at old prices. For doing so, please deposit funds to your account in any amount by sending a wire transfer or Bitcoin, and reach Matheus Leite at [email protected]. You will receive a $0.39 bonus credit to your account for each registration, renewal or transfer that you do using the funds sent.

In the upcoming months, we will work on developing a solution to allow different pricing schemes depending on the payment method that you select. When this is ready, we will be able to lower prices again.

We thank you for understanding this was a necessary change, and apologize for any inconvenience caused.

Regards,

Epik
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
You might find the following reply from Epik helpful in this link: https://www.namepros.com/threads/epik-vs-namesilo.992686/page-3#post-6000003

Apologies for being late to this party. Just getting back from an 18 day, 5 country trip and managed to get on an international flight without a working WiFi. It happened to be on a day when we created some excitement.

For calibration, $8.10 is the hard cost from Verisign and ICANN for a .COM. The most recent PayPal rate increase is insane. Here is what happens with PayPal on your $8.10 domain purchase.

Total amount: $8.10 USD
Fee amount: -$0.53 USD
Net amount: $7.57 USD

That is a whopping 6.6%. Insane. Credit card processors are a little better but they are opportunists do.

When you are dealing in hundreds of domains, that is chump change. When you are dealing in hundreds of thousands of domains, it adds up.

Also, registrars keep funds on deposit with Verisign -- in other words we pre-pay Verisign. When customers pay us via PayPal or Credit card, we get those funds 2-3 days later as usable funds. Charity is one thing, but that is an upside-down economic model as it scales. And it is scaling as registrants move on from their legacy registrars in search of a reliable partner to hold their domain assets, process escrow and process domain sales/leases.

So all that being said, to get the $8.10 deal, here are the options:

- Wire funds into your Epik account

- Make a counter deposit at any Chase or Wells Fargo branch

- Pay via Bitcoin

- Sell or lease your domains via Epik -- your proceeds are deposited commission free, and tax-free, and are instantly available funds for domain purchases, etc

In other words, the $8.10 deal is completely on the table. It just requires our large volume clients to not have Epik hold the drippy bag from PayPal. Those guys are simply crooks. It is not just the transaction fees. They are also now charging insane fees for sending funds, e.g. a customer yesterday receiving a $2500 escrow proceeds getting charged another $51.25 in PayPal fees for a disbursement. It is nuts. The domain industry needs to do its part to put these jerks out of business.

So, bottomline, if anyone wants the $8.10 deal, just contact your account rep or support, and they will update your account to the $8.10 cost deal subject to the above funding methods.

At the end of the day, Epik is still the best deal around. With all-inclusive $8.10 .COM and a fantastic bundle of value-added services included at no additional cost. However, we do need our clients to cooperate and put these PayPal opportunists out of business. Enough is enough. #StopUsingPaypal
 
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Thanks Amanda. I missed that post. Makes sense and I don't begrudge @robepik for doing this... Fully understandable
 
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Howe to avail of this pricing as a NP member? Which registrars offer these prices? Only Epik.com?
 
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" #StopUsingPaypal."

Agree.

They (pAYpAL) are not the only ones wanting a bigger piece of the shrinking ROI.
CHEERS
 
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