We’re writing to let you know about an upcoming change that might affect your online assets. Effective September 2024, the cost of registering .com domains will increase.
The .com domain price will increase by 7% per year from 2021 to 2029, with a pause in 2024 and 2025. This means that the price of a .com domain will be nearly 50% more expensive in 2030 than it was in 2020. The price increase is due to a contract between Verisign, the company that manages the .com domain, and ICANN, the Internet Corporation for Assigned Names and Numbers. The contract allows Verisign to increase the price of .com domains by 7% per year in the last four years of the six-year contract. The current contract expires in 2029.
The price increase for .com domains will take effect on September 2024. The new price will be NPR.XXXX per year, plus a markup from the registrar. This means that the total price of a .com domain will be around NPR.XXXX per year.
To help you navigate this change, we encourage you to renew your domains early and enjoy several key benefits.
Why Renew Early?
- Save Money: By renewing your .com domains before the price increase, you can lock in the current, lower rates. This proactive step can save you a significant amount of money in the long run.
- Ensure Business Continuity: Renewing early guarantees that there are no interruptions in your domain service. This safeguards your online presence and prevents the risk of losing your domain to competitors.
- Peace of Mind: Taking action now eliminates the last-minute rush and stress associated with renewals under tight deadlines. You can rest easy knowing that your online assets are secured well in advance.
There are a few things that you can do to avoid the price increase:
- Register or renew your .com domain before September 2024.
- Consider using a different domain extension, such as .net or .org.
- Use a domain registrar that offers discounts on .com domains.
The price increase for .com domains is a significant change, but it is not the end of the world. There are still ways to get a .com domain at a reasonable price.
We value your business and are here to assist you with any questions or concerns. Don’t hesitate to reach out to our support team for more information on how to renew your domains early saving big.