Domain Price Hike….An upcoming barrier

The domain price hike is on effect from coming 15th of October. The registrar VeriSign increased the price showing some so called reasons of infrastructural development.

They were already taking huge money per domain. So why they did not upgrade their system since 2000?
This hike in price will hamper the growth significantly specially in developing countries like us. As the prices are going to increase more than 45 cents at the customer end, the small customers may lose interest to register domains.

Thumbs down VeriSign.