Remember that .XYZ penny promo from last year?
Almost 3 million .XYZ domains were registered in June of 2016, at the Registry’s loss, for a penny each.
It’s renewal time, and someone who registered 45,000 .XYZ domains having spent $450, received a renewal bill for $225,000 dollars!
That amounts to $5 bucks per .XYZ domain, at Internet BS.
While registrars such as Uniregistry turned promotional .XYZ auto-renewals off, apparently that wasn’t the case with Internet BS.
Here’s the situation as it unfolded on Facebook, yesterday:
Statistically, even with a 5% renewal rate, millions of .XYZ domains registered during the $0.01 promotion are expected to drop in the coming months.
