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Verisign Increasing .NET Registry Fee 10%

Verisign logoVerisign has announced they will be increasing the registry fee, the fee charged to registrars, by around ten percent from 1 February 2017 as per their registry agreement with ICANN, pushing the registry fee above that of .com. Verisign provides registry services for .com and .net, among others.

The announcement, in a letter dated 28 July to ICANN’s President and CEO Göran Marby says that the fee charged to registrars, or the registry fee, will rise to $8.20. This is an increase of 9.9 percent from the current $7.46.

The increase is certain to have some impact on .net registrations as they have already largely stagnated since the introduction of new gTLDs, the first of which went live in February 2014.

There are currently 15.571 million .net domain names registered, according to Registrations hovered around the 15 million mark from mid-2013 to late 2015, then an uptake to around the current figure where it has hovered since. This compares to .com which has seen a constant increase in registration numbers, seemingly with little impact from the new gTLDs, and registration numbers now stand at 126.784 million.