Verisign .COM/.NET Price Increase on 1 July 2010
Thursday, June 24th, 2010
The price of .com and .net domain name registration will increase on 1st July 2010.
This increase has been decided by Verisign, the operator of .com and .net domain names. It is the maximum 7% increase, much to the dismay of registration companies like Spiral Hosting!
For us, this means we will pay an extra $0.48 for .com domains and $0.42 for .net domains (pricing in US Dollars). Since our business operates in three currencies our pricing is also dependent on currency fluctuations. Three months ago in March 2010 $1 was equal to €0.73; today $1 is equal to €0.81. Hence, the currency exchange rate is not so much in our favour and margins are tight!
Unfortunately this means our selling price to you will increase for .com registrations to €8.55 (approximately $10.50 or £7.00) and .net registrations to €8.35 (approximately $10.23 or £6.83) on 1st July 2010. The new pricing will still leave Spiral Hosting as very competitive and we’ll continue to review it on a regular basis to ensure that we are passing on any possible savings and promotions to our customers.We will decrease any prices where currency fluctuations allow us to do so!
If you have domains you want to register, renew or transfer to us we recommend doing this before the price increase! This will be the third time Verisign has increased the .com/.net price since 2006, and it may happen again in 2011. We would therefore encourage multi-year renewals as this will provide insulation from registry price increases now and in the future.
If you have any questions about domain registrations or renewals please email our support team who will be happy to help!
