SnapNames announced today that the minimum price for a domain name backorder will increase from $69.00 to $79.00 USD. This rate increase will also affect deleting domain name backorders placed at NameJet.com.
This is the Snapnames announcement:
“For many years, SnapNames has remained a strong competitor in the ever-expanding domain marketplace. We rely on state-of-the-art technology to offer the service our customers have come to expect, and significant investments are made to ensure SnapNames is the dominant dropcatching service. We also continue to upgrade our platform to enhance the user experience.
As we advance our technology, strengthen security, and offer domain services that align with customer demand, we must also balance the investments with pricing that ensures we can continue to make these necessary improvements.
As of Tuesday, July 19, 2016; 5:00pm Eastern Time (US) the minimum price for a new backorder will increase from $69.00 to $79.00 USD. Systematically, you will not be charged for your backorder until we fulfill it. This rate increase will also affect deleting domain name backorders placed at NameJet.com. Other SnapNames business aspects, such as Brokerage rates, auction timelines, and Escrow fees, are unaffected by this price increase, and we will honor the preexisting minimum rate of any backorder currently in your SnapNames account should the time come for fulfillment.
We thank you for your understanding and loyalty, as we continue to invest in the business and create a better experience for you. If you have any questions, please contact SnapNames Customer Support at 1-877-352-5630 from inside the U.S. and Canada, or +1-570-708-8760 internationally during our regular hours of operation.”
On the NameJet side, the price increase will apply only to Pending Delete names. Registrar expiry and private inventory offered on NameJet will not be affected.
Thanks for the info Scott.