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New limits on domain refund by the ICANN

It seems that the ICANN is finally taking the domain tasting problem seriously. Less than six months after charging a 20 cents fee on domain refunds for domain returned within the five day grace period, new limits are now set for each registrar in terms of domains that can be returned monthly. Under the new rules, domain registrars can only return 50 domains or 10% of registered domains, whichever is greater, each month within the 5 day grace period and get a full refund.

This should help dramatically reduce the domain tasting issues that have been harming the industry, as registrars will enable more controls over the domainers who have been using that tactic to generate advertising revenues.

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