You have to pay for some domain extensions every year in some cases, every two years. Domain names are not paid monthly. If you click on “Show all TLDs and their price” and click on the extension, you will see if you paid in a year or two. What do the ‘Registration’, ‘Transfer’ and ‘Change’ prices mean? The registration price is the price for the first year of registration of a new domain name.
The cost of a transfer is the price on the first year that you transfer an existing domain name. So, if you are going for domain registration, ensure that you are getting it done from a reputed provider.
With this article, we will address some facts about payments when it comes to domain names, so if you want to know more about the same, relax sit back and enjoy the article.
1. There is an annual fee
The fees you pay to a domain name registrar are annual fees. In other words, you “own” your domain by paying an annual fee. “Keeping” a name is different from owning a physical item (like a car) that you paid for once and permanently own. But the equivalent of rent is that you can point to your site’s domain name even if you pay “rent”. The good news is that the cost of domain names is very low these days due to fierce competition. At the time of writing, most recordings cost around $10–15. The actual fee varies from registrar to registrar. So, if you want a specific number, visit the official website to find out.
2. If you want to quit, you will not have to pay forever
You will no longer have to pay for a domain name. This means that if you finally decide to close your website, just update your domain name. When your domain name expires at the end of the registration, the domain name registrar will usually send you an email reminding you that it is time to change it. If you do not want to hide the domain, ignore the email and do not pay the next year. Your system will close your domain name automatically at the end of this period or so. If you log in to this site as soon as the date appears on your browser, you will no longer be able to see your website.
Note: If you have previously instructed your registrar to renew your domain name automatically and you do not wish to do so, you will want to return to your registrar’s website to disable conversion new. Otherwise, the registrar will continue to withdraw the exchange money on your credit card when the domain is about to expire (because they will not know you have decided to quit).
3. Domain name update: Who is the registrar?
If you decide to keep your domain name and have not set it up automatically, you should return to the same registrar you paid for next year.
That doesn’t mean you’re stuck with a registrar for life. You can change the registrar if you wish. However, do not wait last minute to change the registrar, otherwise you may have problems. Transfers take some time to complete and usually require you to work on your new registrar site just like you did on your old one. If you want to transfer a domain, play it safe and transfer it before the expiration date.
(Before requesting a domain transfer, go to a new registrar, pay the standard domain name fee, and start the transfer from there. The registrar will give you instructions on how to do so. And change from time to time.)
Here is hoping you have understood and are ready to take tips from this article. In case you have any doubts, please share in the comments section below.