Verisign raises domain prices, gets $27 million extra

Verisign has informed its registrars that the wholesale prices of .com and .net domains will be going up as of July 1st, so if you’re in the market to be purchasing a domain name, get ready to pay more. Verisign has stated that .com domains will increase by 7% and .net domains will increase by 10%.

We can only expect the registrars to pass these costs on to the market, possibly at higher rates again. Verisign can now increase domain prices by a rate of 7% each year, meaning it just added an extra $27 million to its takings.

Source | Gawkwire.com

Photo | Flickr