RE: [registrars] Registrars Collecting on Multi-Year Registrations

["Donny Simonton" <donny@intercosmos.com>]

Or ICANN makes a clarification to the registry agreement.  And after
these discussions, I expect they will.

The other problem with this is that you are basically taking a loan from
the customer for the years that you don't renew or add to their domain.
What happens if you have some financial problems and it's time for some
domains to be renewed?  What happens then?  Are the customers just out
of luck?

The initial problem was if a customer buys a domain from you for 5
years, and you only register it for 1 year.  And you would let the
domain auto-renew for the next 4 years.  After the first year the
customer sells the domain to somebody who wants to use another registrar
and the domain is transferred away, will you refund the initial customer
the money that you never added to the years of the domain?  If you do
not that is fraud.

Donny

> -----Original Message-----
> From: Bhavin Turakhia [mailto:bhavin.t@directi.com]
> Sent: Thursday, September 05, 2002 12:37 AM
> To: 'Bhavin Turakhia'; 'Donny Simonton'; 'Rob Hall';
registrars@dnso.org
> Subject: RE: [registrars] Registrars Collecting on Multi-Year
> Registrations
> 
> 
> Infact the only points anyone who is doing this should be aware and
> worried about are -
> 
> 1. Verisign increasing its price suddenly (which is an unrealistic
> possibility since the process would take sufficient notification and
is
> unlikely to happen)
> 
> 2. Verisign suddenly begins to display expiry date in the internic
> whois. This may bring in a large amount of support level confusion and
> headaches for the registrar
> 
> 3. Dollar v/s Registrar currency fluctuation. This is important for
> countries where the dollar is rising against your local currency. If
the
> rate iof rise of dollar v/s ur currency is higher than the interest
you
> may make on the float then you are in a loss by doing this
> 
> bhavin
>