Now, I’m USD1.04 poorer each year paying domain names charges, and that’s just the price of one. I had about 5 of them. Too bad I didn’t renew for 10 years last time when it’s cheaper.

Namecheap had increased their price from USD8.88 to USD9.29, whereas their competitor Godaddy had it selling at USD9.99, it was USD8.95.

In April 2007, the Internet Corporation for Assigned Names and Numbers (ICANN) approved certain domain registries to increase their prices. Domain registries are the private companies which manage the registration, technical operations, and control the allocation policies of the TLD’s for which they are responsible.

Domain registries VeriSign(.com, .net tld’s), Afilias(.info tld), Neulevel(.biz tld) and Public Interest Registry(.org tld) applied for and received price increases and have announced they will be raising their wholesale prices to all registrars including us.

In light of that decision, NameCheap.com will be adjusting its pricing on Sunday, October 14, 2007 as follows:

.com domain renewals, transfers and new registrations: Old pricing $8.88, new pricing $9.29 per year
.net domain renewals, transfers and new registrations: Old pricing $8.88, new pricing $9.29 per year
.org domain renewals, transfers and new registrations: Old pricing $8.88, new pricing $9.29 per year
.info domain renewals, transfers and new registrations: Old pricing $8.88, new pricing $9.29 per year
.biz domain renewals, transfers and new registrations: Old pricing $8.88, new pricing $9.29 per year

I think this is not triggered by the recent oil price increase, is it no?