It is the responsibility of the administrative, billing, technical, and zone contacts to keep their records up to date in the InterNIC Registration Services' database. The purpose of the 60 day period is to minimize the probability the next holder of that domain name will receive messages intended for the previous holder. To allow domain name applicants and holders time to prepare for the new billing procedures, the Registrar will grant an initial grace period of 90 days on all domain name registration transactions. All new applications during the three calendar months following the implementation of fees will have 90 days to pay for their domain names. All domain names with annual maintenance fees due during the three calendar months following implementation of fees will have 90 days to pay for their domain names.
All fees are to be paid in U.S. currency.
As an alternative to domain name by domain name billing, the Registrar will allow Internet Service Providers to establish and maintain special accounts against which each registration and maintenance action will be debited. The Registrar will require each Internet Service Provider using this optional payment method to maintain a positive balance in their account. The Registrar will not process domain name applications and renewals if there is an insufficient balance in the respective account. Except for the provisions described in Section 4.1, the Registrar will batch process and send invoices on a daily basis, Monday through Friday, exclusive of Federal Holidays. For single domain registrations, the applicant must list the domain name on the check.