GoDaddy will pass along Verisign’s increase in September.
Verisign (NASDAQ: VRSN) is increasing the wholesale price of .com domains by 7% on September 1, and registrars with little margin will be forced to increase their prices as well.
GoDaddy (NYSE: GDDY) customers who are part of the Domain Discount Club have been paying $8.29 per .com per year, but that’s below Verisign’s new wholesale price of $8.39. So prices will go up at GoDaddy by about 7% on September 1 as well. The new price will be $8.85.
This excludes the 18 cent ICANN fee tacked on to each domain, which brings the total to $9.02.
Customers can avoid the added expense on existing domains by renewing them by the end of August.
Expect other registrars that operate at low margins to announce price increases soon.
Post link: GoDaddy increasing DDC .com prices to $8.85 on September 1
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