Domain registrar Global Internet has reduced the per-year domain registration and transfer prices for .com., .net, .org, .info and .biz top-level domains to $7.87 per year.

"While other registrars are increasing their prices dynamically with hidden additional costs at checkout, we've decided to slash our prices inclusive of any ICANN fees," says Shane Kinsch, CEO of Global Internet parent company, NetraCorp. "Our goal is to offer aggressive pricing to all our customers and resellers and to gain additional market share of overall domain registrations and customer loyalty."

Global Internet says it also provides value-added services such as Web and email hosting, website builder services, domain forwarding, mail forwarding and managed DNS.

The company says that large portfolio customers and resellers could potentially be eligible for lower prices and should contact Global Internet directly for any additional discounts.