That's the wholesale price. When you pay Route53 $12.99, they remit $7.85 to Verisign, who maintains the authoritative registry for the .com TLD. By jacking up

That's the wholesale price. When you pay Route53 $12.99, they remit $7.85 to Verisign, who maintains the authoritative registry for the .com TLD. By jacking up the wholesale rate by 7% (the largest annual increase they're allowed, per their ICANN agreement[1]), every single .com registration and renewal becomes 7% more expensive. Requiring services like Route53 to either pass it through to consumers or eat the cost increase themselves, if they even have the margins to. [1] https://onlinedomain.com/2020/01/03/domain-name-news/icann-and-verisign-agree-to-com-price-increase/ https://onlinedomain.com/2020/01/03/domain-name-news/icann-a...