Update: ICA's Statement on Verisign’s Attempt to Increase its Fees

Dear Supporters,

Earlier today, the ICA released a must-read statement on the price increase of .com domains. Shortly after the National Telecommunications and Information Administration (NTIA)’s recent announcement allowing Verisign to pursue increased .com registry fees, Verisign published a blog post questioning the business practices of registrars and domain name investors. Rather than justify a fee hike, Verisign attempted to shift the community’s attention elsewhere. Yet the issue remains that the fee cap currently in place was put there for good reason: because there was no justification for any increase and because the public needed protection from excessive fees. Higher fees for Verisign are not justified, as demonstrated by considering these four key points:

Verisign is a provider of technical registry services, it does not own the .com name space;

Unlike Verisign’s fees, the prices set by registrars and domain name investors are held in check by competition;

Verisign is already well-paid for its services, as evidenced by its substantial profits; and

ICANN need not approve fee hikes; on the contrary ICANN ought to assert its right to set reasonable fee levels for its hired registry manager.

Make sure you read and share the full statement here