VeriSign wins .com renewal, but can't hike prices

VeriSign wins .com renewal, but can't hike prices

Credit: AFP/Getty Images

San Francisco, UNITED STATES: The VeriSign logo is pictured at the RSA Conference 2007 in San Francisco, 07 February 2007. AFP PHOTO/GABRIEL BOUYS (Photo credit should read GABRIEL BOUYS/AFP/Getty Images)

Print
Email
|

KMOV.com

Posted on November 30, 2012 at 2:27 PM

 RESTON, Va. (AP) -- VeriSign says it has won a six-year contract to run the key directories that keep track of ".com" domain names, but the company won't be allowed to raise prices on the registration of such names without government approval.

   Under the previous contract, VeriSign was guaranteed four price increases of up to 7 percent each. In a statement, VeriSign says the new contract locks in the current annual price of $7.85 per name, barring special circumstances.

   Anyone who wants a ".com" name can obtain one through a third party, which then pays VeriSign $7.85 of what it collects. The new contract lets VeriSign continue collecting those fees, which add up to millions of dollars, but won't guarantee more.
 

Print
Email
|