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ICANN Planning for Variable Pricing?

Posted on 8.28.2006
Marketers and domain owners across the Web are none too pleased over word that ICANN is potentially planning for variable pricing on domain name renewals. Under the proposed plan, registrars would charge a different price for each domain, based on its current market value. ICANN could essentially charge whatever the market will bear for a particular domain. Little factual information was provided but it is speculated thatin some instances thousands of dollars could be charged for domains that previously cost only $8-10. This situation will be watched closely as most Web business endeavors could not sustain in an environment where renewing a domain name could cost thousands. Public comments on these new rules for domain name registrars closed yesterday.

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