Re: [registrars] Verisign registry requirements for credit during 45 day grace per iod after domain name expiry

[Scott Allan <sallan@opensrs.org>]

We would love to see this changed. Not to be too pessimistic, but I won't 
hold my breath. If there is anything we can do to help, let us know.

I am pretty sure that will distill into some interpretation of an ICANN 
agreement, so we should perhaps start there and get that issue resolved 
concretely before wasting too much time. FWIW, AFAICT, the new registries 
will have the same onerous condition (obviously a much smaller problem) - 
perhaps we should convince them to change, and then try to negotiate VGRS 
to that standard.

I have a short list a wants  (of which this is one) that I make sure I 
mention to VGRS sales reps that ask me to eval new product ops. Infer.

sA

At 03:39 PM 4/29/02 +1000, Bruce Tonkin wrote:
>Hello All,
>
>At present the Verisign registry requires a credit balance to be maintained
>by registrars.
>
>After a domain name passes the expiry date, the registry "auto-renews" the
>name, and charges against the funds maintained by the registrar.
>
>There is then a 45 day grace period, during which the domain name may be
>deleted, and the registry fee refunded.
>
>Given that probably only around 50% of domain names are renewed, there is a
>need for a registrar to maintain a higher credit balance than necessary
>(unless the registrar chooses to not take advantage of the 45 day grace
>period, and explicitly delete the domain on the day of expiry).
>
>Melbourne IT feels that either:
>(1) Verisign should not debit the account balance until the end of the 45
>day grace period
>(2) Verisign should only debit the registrar at the beginning of the 45 day
>grace period for an amount that reflects the average renewal rate of that
>particular registrar (e.g if the registrar on average renews 10% of domains
>by the end of the 45 day period, then the registry could debit the
>registrars account by that number of domains at the beginning of the 45 day
>period).
>
>What do other registrars think?
>
>We have found that as our total number of domains under management has
>grown, the requirement for a large credit balance is increased (and hence
>the opportunity cost of providing those funds that could be used effectively
>elsewhere).
>
>Regards,
>Bruce Tonkin

Scott Allan
Director OpenSRS
sallan@opensrs.org