Domain Name Registration Service Providers
Read on to know about service providers who are responsible for domain name registrations for the Internet websites...

Until 1999, there were no domain name registration service providers apart from the NSI (Network Solutions) who operated the .com, .net and .org registries. Thus, NSI was the domain name registry operator. Soon, however, many companies began to enter the market and began providing registration services, and eventually, introduced a wholesale and retail sale of domain name servers in the industry.
So, in 1998, the ICANN gave in to the pressure of the growing domain name services providers and amended NSI's agreement with the US Department of Commerce and a Shared Registration Service (SRS) was created to support many services providers.
Today there are over 500 registered domain name server registration and service providers in the world.
How to Become One
To become a domain name registration service provider, each ICANN designated registrar must pay a fee of USD 4000 along with a per registrar variable fee of USD 3.8 Million which is divided between all the accredited registrars.
When a registrar registers a .com domain name, the registrar has to pay an annual fee of USD 6 to VeriSign (who is the Global Top Level Domain or gTLD Registry Manager for the .com domain) and an administration fee of USD 0.25 to the ICANN. This has ensured that the entry into the SRS provider market is high on cost for new companies.
Only a designated or accredited registrar has the authority to modify or delete the information of a domain name.
Owing to the competitive environment of the SRS, different service providers offer different rates for their services. This often enables end users to change their domain name registration providers based on the quality and cost of the services provided by these providers.
Domain Name Transfers
When end users change their domain name registration service provider, the process is called a Domain Name Transfer. The process involves the end user contacting his new domain name registration service provider who in turn contacts the old service provider with this information. The old registrar then contacts the end user to verify this information and upon receiving his confirmation, releases his authority to the new service provider. The new service provider then contacts the end user when this process is completed.
This has also given rise to several scams where smaller service-providers tried to steal some customers from NSI by sending them e-mails or contacting them by phone. The data of the end user is readily available on the WHOIS database and these scammers used this information to turn customers over to them by offering various lucrative schemes and service plans.
Other scammers get their data from the WHOIS database and find out the expiry dates of websites. Once the website registration has expired, no authentication process is required to transfer the domain name registry management to another service provider.
Therefore the owners of domain names or these end users have to be extremely cautious about their dealings with service providers. A list of the accredited service providers is available on ICANN's website and end users should always deal with the ones accredited.
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