Question: Do I Have To Pay Yearly For A Domain Name?

The fee you pay the domain name registrar is an annual fee.

In other words, you “own” the domain only as long as you keep paying the yearly fee for it.

Instead, it’s more like a rental fee where, as long as you pay the “rent”, you can continue to point that domain name to your website.

Why do I have to pay for my domain name every year?

All domains basically go through ICANN and the different names can be registered through different registrars, like GoDaddy. The domain registration is on a yearly basis, so you have to renew every year or you can pay for up to 10 years in advance so you have that domain for that period of time.

Do I need to pay for a domain name?

Simplified answer: You don’t actually buy the domain name, you rent it from your registrar. The price you pay them is for the service of routing the domain name to an actual server. Without that service a domain name would lead nowhere, they have to point visitors to the right server.

How much does it cost to maintain a domain name?

On average, it costs around $10-15 annually to purchase and hold a domain name.

How do I permanently buy a domain name?

Getting a domain name involves registering the name you want with an organisation called ICANN through a domain name registrar. For example, if you choose a name like “example.com”, you will have to go to a registrar, pay a registration fee that costs around US$10 to US$35 for that name.

Does GoDaddy own my domain name?

Domain names are relatively cheap to register through an Internet Domain registrar like GoDaddy.com or Register.com, though they must be renewed every year or few years. Anyone can register a domain name, and the name is yours until you stop renewing it.

Can I buy domain for lifetime?

To make a “lifetime” deal, like register a domain name, doesn’t refer to your life, but the lifetime of the business you’re buying from. In this case, “lifetime” means for however long that domain registrar is operating. So, if they stay in business for 50 years, you’d have a domain for the next 50 years.

How long is a domain name good for?

one to ten years

How much does a domain cost per year?

On average, if you intend to purchase a new domain, it should cost you anywhere between $10 to $15 a year depending on the TLD and the registrar. When searching for a new website name you will run into dozens of domain registrars, each with their own set of packages and perks.

How much does GoDaddy domain renewal cost?

A typical .com domain renewal with GoDaddy costs $17.99.