From Network Solutions:
Domain registration services are the cornerstones of our business. Ensuring your domains are secure and that our systems are compliant with ICANN* regulations requires ongoing attention and technology upgrades.
Because of this, renewal fees for certain domain extensions are increasing. Going forward the annual base price of your .com, .org, .net, .info, and/or .biz domain name(s) will be $39.99. This pricing will be effective upon your next renewal.
Related:
I just learned about Veblen goods last week. Looks like Network Solutions thinks it’s selling those. I reckon a bunch of parked domains are going over to godaddy, etc.
$9 at namecheap
Network Solutions is, and always has been, significantly overpriced..
If you’re paying more than $10/yr for com/net/org, you should have a very good reason for doing so. Or few enough domains that you don’t really care. Transferring domains is easy and risk-free nowadays. NetSol is just preying on the fearful, unaware, or apathetic.
The real crime in the registrar business is that Verisign (which runs a couple root servers, yes, but is otherwise unspecial in their infrastructural importance) gets almost $8/yr just for holding your registration data in their database.
$0.18 goes to ICANN, some revenue is lost to credit card processing, etc, and your registrar keeps the rest. $1.50 for the registrars in a competive market. $31 for Network Solutions.
Today, in a Black Friday promotion, OVH, a well-known French registrar (which also sells services in North America through their Canadian datacenters) is selling .com and .fr domains for 99 eurocents for the first year. That shouldn’t even cover the Verisign fee Andrew is describing above, but they hope to make it work.