Domain Expired? Pay $80 - $200 To Renew!
It sounds absurd doesn't it? But it is a reality. ICANN has established a new policy whereas expired domains are put into a new status "REDEMPTION PERIOD". This affects all registrars. Whereas the customer has the following 2 options.
- Pay a fee of no less than $80 up to $200 to get the expired domain restored back to active status (The fee is dependent on each registrar's fee)
OR
- Wait approximately 45 days for the domain to be taken out of Redemption period, placed into "Pending Deletion" and then finally released back to circulation where the customer again has the opportunity to re-register their domain (If someone else does not get it first!).
If you are a business, and someone makes a mistake and your domain expires, which option do you think you would choose? Yep, option 1. Option 2 is just too risky. Of course, ICANN knows businesses will be "FORCED" to choose option 1 and that is why their new policy is akin to "Extortion".
If you want to voice your opinion about this, I suggest sending your comments to your registrar and also, to ICANN at
redeem-comment@icann.org