The latest post on ‘ReadWrite’ is titled “What Verisign’s New Contract With ICANN Means For Domain Name Rates”.

Christina Ortiz says, “Verisign, the operator for .com domain registry, has renewed its six-year contract with the Internet Corporation for Assigned Names (ICANN) with the U.S. Commerce Department’s blessing.  Under the terms of the new contract, Verisign is not allowed to raise its current price of $7.85 per domain name for the length of the agreement. Unless, of course, it can convince the Commerce Department it’s OK.

Wiggle, Wiggle, Wiggle, Wiggle, Wiggle

Under its previous deal past, Verisign was allowed to raise its rates four times by as much as 7% over the six year term – and did just that, according to CNN Money. Now, any proposed rate hikes will need to be approved by the Commerce Department, and then only in the case of “extraordinary expenses related to security or stability threats.””.

What Verisign’s New Contract With ICANN Means For Domain Name Rates

ReadWrite

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