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Registering a domain name does not mean that you will be able to use it forever. Unless you have selected another option, it is likely that you’ll have paid for the use of the domain for a single year. It means, you will need to renew a domain each year if you want to keep your hands on it. If you fail to renew your domain name, you will lose access to it.
Dependent on the domain registrar you are using, you may have the option of paying a domain for more than a year ‘up front.’ For example; if you use GoDaddy, you will be able to buy your domain name in 10-year increments.
If you don’t want to worry about paying for the domain each year, you’ll be able to set your domain up for auto renewal. Don’t worry. The money will not be taken without you knowing.
You will receive an email one month and one week before the domain is charged – no matter which domain registrar you are using.
What if you fail to renew a domain on time?
If you fail to renew your domain on time, you still have the right to get it back. You will have 40-days to pay your domain registrar. Your website hosting and email services will NOT function during this time frame. However, the second you make the payment, everything will be put back in normal. The price will remain the same.
If you still fail to renew, your domain will enter something known as the ‘redemption period’ (grace period). In this time frame, which lasts for 30-days, you are still the only person who has the right to renew the domain, but you will have to pay an additional fee which could be up to $250. It is in addition to the renewal cost.
If you still fail to renew a domain, then the domain will be placed into a ‘pending delete’ status. At this point, anybody can register their interest to buy the domain through various services. If it is not purchased, the domain is deleted and can be re-registered by anyone using other methods.