NameSilo

Important Change: price increase for .COM domains

Labeled as registrars in Domain Industry News, started by lennco, Aug 5, 2021

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  1. lennco

    lennco Top Contributor VIP ★★★★★★★★★★

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    Just received this from Namesilo,


    The registry, Verisign, will be increasing prices for .COM domains starting on September 1, 2021. This means that unfortunately, NameSilo will need to do the same. We are contacting you because you have active or expired .COM domain(s) in your account.

    There is still time to take advantage of the current lower prices by renewing your current domains and registering any new .COM names before September 1.


    New Prices - our new prices for .COM domain(s) will be as follows:
    Registration:
    Current price - $8.99 USD/domain
    New price - $9.95 USD/domain

    Renewal:
    Current price - $8.99 USD/year
    New price - $9.95 USD/year

    Transfer:
    Current price - $8.39 USD/domain
    New price - $8.99 USD/domain

    Mitigation: we are advising you renew all the .COM domain(s) you wish to keep before September 1st in order to renew at the current prices.
     
    The views expressed on this page by users and staff are their own, not those of NamePros.
  2. Samer

    Samer Top Contributor VIP

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    I posted this in @equity78’s thread.

    Added 96 cents to Verisign’s 54 cent hike,

    Verisign is hiking prices $7.85 to $8.39

    Why is NameSilo adding $0.96??!! (to 9.95!)

    4 cents cheaper than Dynadot $1.00 to $9.99
    @Kristaps @ NameSilo,
    @namesilo,

    @Dynadot yet reply in thread ask them “why?” but you can see Dynadot viewing the thread. Look forward their / & ur reply!

    Add the incremental difference of 7.85 to 8.39.
    Most are using it as excuse to jack up prices.
     
    Last edited: Aug 5, 2021
  3. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    I like how several registrars are using this as an opportunity to raise their margin.

    Versign is raising it 50 cents, so we have to raise it close to a dollar...you know because of how much extra work that domain registration takes now vs. in the past.

    There is no valid reason for a registrar to need to raise their cost. There is no extra cost to them past the Verisign fee increase.

    Brad
     
    Last edited: Aug 5, 2021
  4. Samer

    Samer Top Contributor VIP

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    We yet to hear from those that added ~0.96-$1

    Lucky, NoDaddy’s $18 .com made it negligible.

    I’m curious how much they added to GD DC?
    Was it quote unquote “fair” per say?

    54 cent increase, and it’s been $7.85 long as i can remember. All good things must end.

    But they need to up price, in direct correlation.
    Not rounding up to the “nearest dollar” Right!

    Samer
     
    Last edited: Aug 5, 2021
  5. TheBuyerz

    TheBuyerz Established Member

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    And this from dynadot:

    Dear XXX XXXX,

    You might have heard that the central registry (Verisign) is increasing their wholesale cost for .COM domain names soon. In light of this change, our prices will increase as well starting September 1, 2021 00:00 UTC.

    Although .COM prices are increasing, we'll continue to offer low and transparent pricing for all pricing tiers:

    Regular: $9.99 /year
    Bulk: $9.25 /year
    Super Bulk: $8.99 /year

    Please note the above prices apply to registrations, renewals, and transfers. We encourage you to take advantage of our current prices and register, renew or transfer your .COM domain names before the new prices go into effect September 1, 2021 00:00 UTC.

    Thank you for choosing us as your registrar. We're here to help if you have any questions and can be reached at [email protected].

    Best Regards,
    Team Dynadot
     
    Last edited: Aug 5, 2021
  6. iTesla

    iTesla Established Member

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    Also ICANN charges 0.18$ alongside of Verisign fee, so 8.39 + 0.18 = 8.57$ is total, this only if ICANN does not lift their fees, in fact I think that 0.18$ is the actual energy waste for registering a domain name.
    Edit: ICANN = 0.18$ > Verisign = 8.39 > Registrars = anything.
    Do the math the equation is obvious.
     
    Last edited: Aug 5, 2021
  7. Mister Funsky

    Mister Funsky Top Contributor VIP

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    Those 'superstar' registrars that hike above and beyond the actual increase should and will experience a shift in registrations.

    Screw each and every of them that raises their price above the mandatory increase.
     
  8. Samer

    Samer Top Contributor VIP

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    Dynadot was reigning NP Registrar of the year.

    Still waiting for a response, shame on them

    It’s “Never let a good crisis go to waste.” Imo.,
     
    Last edited: Aug 6, 2021
  9. SuperDudePro

    SuperDudePro Established Member

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    I mainly only buy through GoDaddy, so use Discount Domain Club. That price is only rising to $8.85.

    The prices on dot coms have held pretty steady. I don't understand why everyone thinks that the prices shouldn't rise for inflation periodically? Didn't their employees' salaries go up over that time? Electricity, office supplies--everything.

    Moving from registrar to registrar is a huge hassle to me. The dot com prices are still reasonable compared to most extensions. I can't see getting outraged over an increase of this magnitude. I'd be pissed every day of my life because everything that I consume goes up in price.

    Except for marijuana in colorado. That keeps going down in price.
     
  10. DuDD

    DuDD Established Member

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    • So it's true? All.com domain names are going up in price??
     
  11. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    The main issue is that it is a no-bid contract. Verisign is not receiving the contract because they won it via some competitive process.

    Technology is actually driving the cost of operating a registry (and other things) down. If the contract was put out for a public bid, the registration prices would be going down drastically.

    Instead they are able to raise rates 7%, in 4 of 6 years, which is far higher than any historic inflation. They are essentially just maintaining an entry in a database via a non-competitive process.

    The are operating a defacto monopoly, via an artificial lack of competition.

    Brad
     
    Last edited: Aug 6, 2021
  12. Samer

    Samer Top Contributor VIP

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    But ICANN gets to charge 18 cents per domain, to give themselves a raise! LOL
     
    Last edited: Aug 6, 2021
  13. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    They charge it now. I am surprised they didn't raise that fee as well.

    It is expensive to maintain a bloated bureaucracy that barely does anything.

    Six figure salaries, and endless travel to meetings in order to plan your next meeting...It does not come cheap.

    Brad
     
  14. bmugford

    bmugford www.DataCube.com PRO VIP ICA Member ★★★★★★★★★★

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    I just don't see a valid reason for the company operating the registry (under no-bid contract) to be able to charge an extra 7% (in 4 of 6) years, and an even less valid reason for a registrar to double that fee under the guise of "the registry prices are going up"...yeah far less than your price increase.

    Registrars should be making their money from additional sales, not gouging bulk renewals.

    There is a reason so many registrars see transfers as loss leaders. Having domains at their registrar allows them to make money on selling additional services like hosting, and making money on sales commissions.

    I sold a domain the other day for $25K through GoDaddy. They made a $4,000 commission.
    That is a lot more than they would make from me by trying to gouge a little extra on bulk renewals.

    The smart registrars know that. The registrars that largely appeal to domain investors should be careful burning bridges with their actions.

    Brad
     
  15. Maximinus

    Maximinus Established Member

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    Hello @Samer

    As a domainer I am fully satisfied of Dynadots new pricing:
    SuperBulk goes from 8,50$ to 8,99$ for registrations, renewals and transfer.
    A 49cents increase compared to the 54cents increase at Verisign.
    Dynadots margin is going from 65 to 60cents per domain per year. They are getting even cheaper for domainers with over 500-600 domains!

    The fact they increase their regular pricing with more than 54 cents is a marketing decision about smaller clients and is none of my concern as a domainer.

    I hope you will get a fair price increase at your registrar!

    Greetings
     
  16. RatchetMedia

    RatchetMedia Established Member

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    Got this email from Namesilo and now shopping around for other registrars. Hard to compare prices when most haven't updated their pricing pages to reflect the upcoming changes. I have 369 domains with NameSilo, and while I like them fine, if I can save $300~ a year getting the same service somewhere else, that makes sense.
     
  17. Samer

    Samer Top Contributor VIP

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    I think the smart Registrars are ones who have yet to say. I pray it’s just a 54 cent hike.
     
    Last edited: Aug 6, 2021
  18. Alop

    Alop Restricted (15-30%) Gold Account

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    @bmugford stated increase to price without improvements…I use to pay 40 dollars for wireless internet..now I fight to keep it below 80
     
  19. marijuanadomain

    marijuanadomain Established Member

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    Verisign the monopoly? Apparently, there is no competition.
    Please some companies......go compete agst Verisign
     
  20. LUP

    LUP Top Contributor VIP

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    why you need to take care of another company's pricing strategy. they don't have to follow you
     
  21. DTR Alex

    DTR Alex Established Member

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    I shifted most of my names from Namesilo to Dynadot. I think that Dynadot is better than others for affordability, support, features etc.
     
  22. namesilo

    namesilo Top Member NameSilo Staff VIP Gold Account ★★★★★★★★★★

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    The reason for the higher increase as compared to the Verisign cost increase for us, and we imagine other registrars in our position, is due to increasing transaction fees and integration of local payment methods which often carry higher costs.

    To address this, we will be doubling the discounts for .COM domains across our Discount Program tiers. For most of you who have larger portfolios, this should bring down your overall price increase on par or even below the $0.54 Verisign increase. If you're not enrolled in our Discount Program, we recommend you do so to start saving even more on your registrations and renewals.
     
  23. RatchetMedia

    RatchetMedia Established Member

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    Thank you for posting here. Do you have those updated prices for the Discord Program tiers? We you say doubling the discount, I'm guessing for 100+ domains the current 20 cent discount becomes 40 cents? Making the new price $9.55 vs the $9.95 that will be the new standard price?
     
  24. namesilo

    namesilo Top Member NameSilo Staff VIP Gold Account ★★★★★★★★★★

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    That's correct. Our new effective Discount Program tier prices for .COM domains will become:
    $9.75 for 0+ Tier of Discount Program
    $9.55 for 100+ Tier of Discount Program
    $9.35 for 500+ Tier of Discount Program
    $9.15 for 1000+ Tier of Discount Program
    $8.95 for 2500+ Tier of Discount Program
    $8.75 for 5000+ Tier of Discount Program
     
  25. Future Sensors

    Future Sensors 78% of human domainers will be replaced by robots Gold Account

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    Hello @namesilo

    This does not reflect the message in the OP of this thread, where it was all about the Verisign price increase. Why didn't you tell all this in the original message? Of course you may increase your prices all the way you want, but please be fair in how you communicate things to your customers.
     

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