ICANN was founded in 1998, but there are TLDs which predate its existence or are otherwise outside of its jurisdiction. Remember where I mentioned that ICANN gets a fee for sale of domains under its governance? Well, ICANN is not the only body which oversees domain names. Given the relatively solid fee structuring and organization of domain names you might be wondering if its still possible to get a domain name for free. These third parties are resellers and will often take their own cut of the transaction as well. Registrars sometimes also allow transactions via third parties which help them sell domain names. ![]() Because ICANN is a non-profit organization, it only charges a nominal fee of 18 cents (per year) for the sale of each domain name which falls under its governance. ICANNįinally, we come to Internet Corporation for Assigned Names and Numbers (ICANN) which is the top dog in the domain name business. Registrars will get any remaining money above the base fee paid to the domain name registry. com TLD, although Verisign is the registry, you would buy the actual domain name from a registrar like NameCheap or GoDaddy. Domain Registrarĭomain name registries do not directly sell domain names but allow other companies called registrars to handle these matters. Of fees you pay for your domain name, around $8 goes to the registry. ![]() The domain name registry is the body which is authorized by ICANN to oversee the TLD in question.įor example, Verisign is responsible for overseeing. Essentially, the amount you pay is split up between three main bodies – Domain names are priced differently depending on exactly what TLD is involved.
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