A domain registrar is the entity, which registers your domain name. Many domain registrars are out there, but how do you know if you have the right one? You have to open your eyes and be aware of the tricks, some domain registrars have to entice you to register with them.
Domain buying and selling is an industry, from which many individuals profit. To prevent any unnecessary heartbreaks and financial losses, take note of the following tricks, which most tricky domain registrars play on unsuspecting website owners for profit:
The transfer out fees
This fee is actually included in the Terms of Service. It is a hidden fee, charged to you, if you decide to register your domain name to another active registrar. Usually, this fee costs two to three times more than what you paid during registration. This is a complete violation of the ICANN policy, which covers domain transfers. If this happens to you and you notice it, you can call your credit card company and they will reverse the charge.
The fine print
Most of the time, people do not take the time t o read the long Terms of Service at all. If you are one of these individuals, it is highly likely that you miss terms such as power of attorney and transfer out fees.
The “pay-as-you-go” term
This is all about an interest-free loan that covers a multi-year registration. Opportunistic domains allow you to register with them for five years for a discount. After paying the fee, which is supposed to cover five years, you only become registered for a year. The registrar pockets the rest of the fee. You can verify the expiration of your domain name using EasyWhois or Free whois.
The administration fees
Whois is the database in which your domain name becomes accessible through your domain registrar. You are supposed to access this free, but some registrars charge their clients with an administration fee for editing and locking their Whois records.
The fees for privacy
Always remember that the registrar that listed your domain name is its owner. You appear in Whois, which is a public database. There is no need for privacy fees. If you encounter a domain registrar that offers you a privacy fee, it just accepts your fee and then sells your domain name to another entity.
The registrar lock
Registrar locks were created to protect you from unauthorized transfers in domain names. Once the registrar lock is on, nobody can transfer your domain at all. Some registrars do not turn it off when you want to or just give you the power to turn it off. When this happens, you develop a problem.
The domain parking fee
Registrars use domain parking to extract more money from you. Your domain name just turns up in a site, where a search page and pop ups are found. When you pay for domain parking, you end up helping your domain registrar haul in more profit.
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