Registry fee for domain names will increase

Yesterday, VeriSign announced that the prices for registering .com and .net domain names will increase. The Internet services company agreed with the Internet Corporation for Assigned Names and Numbers (ICANN) that from October 1, the barrier for starting a dotcom site will be higher. This is odd news in an economy where things tend to get cheaper (or even Free) instead of more expensive.

Don’t panic though. The increase is minimal:

VeriSign said the registry fees for .com and .net domain names will increase to $6.86 and $4.23 from $6.42 and $3.85, respectively.

Individuals won’t have to worry about price increases but it might be another blow for domain tasting and kiting. Even a slight increase in costs might make their business-cases less attractive.

Source: Reuters.