10 things you MUST know before you register a domain name with anyone: " "Pay-as-you-go":
This is where you make a multi-year interest-free loan to the registrar. It works like this: You register a domain with them for example, 5 years (perhaps to obtain a discounted rate), you expect your domain name to be registered for 5 years. Think again, some registrars will pay the registry for 1 year and pocket the rest of your money.
Then for the rest of your five year term they'll renew each year for one year. Usually this is coupled with a strict "no-refunds" policy, so an odd situation occurs: they stand to make more money from your original registration if they lose you as a customer before your full 5 years are up, so providing poor service to the point where you leave actually adds to their bottom line. "
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