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Domain name prices are about to get a little higher

domain name price increaseStill holding out on that perfect domain name because you can't choose between a few different ones? Try not to hold back any longer, VeriSign, the company that controls the domain name registry for .com, .net, among others, is set to raise prices.

Verisign will initiate a 7% yearly price hike effective October 15, 2007, raising prices from a wholesale cost of $6/ year to $6.42/ year. This amount isn't a considerable difference, however VeriSign does have the right to renegotiate their contract with ICANN to continue a 7% per year raise indefinitely.

[via TechCrunch]
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