Please read Public Interest Registry’s Credit and Payment Policy document. (Registrars must have completed Step 1 prior to obtaining this document.) This document contains the complete financial details you will need, plus wire transfer instructions.
Public Interest Registry operates using a common wallet for all its sponsored TLDs. If you are a registrar currently in production with any PIR-sponsored TLD you do not need to provide an additional payment security for each PIR-sponsored TLD for which you become accredited.
Please note that you must include the following information in the Originator to Beneficiary Information (OBI) section of your wire transfer to ensure funds are properly credited to your account:
“For ___________[Registrar Name] ____________[DDMMYYYY] ____________[Registrar Number]”
To open your account, you must provide one of the following two forms of payment security that Public Interest Registry accepts: cash deposit or letter of credit.
- Cash deposit: A deposit account where cash has been deposited to maintain a positive balance against the amount owed to the registry. Exhibit A of Public Interest Registry’s Credit and Payment Policy document outlines the wire transfer requirements and banking information.
- Letter of credit: The irrevocable transferable stand-by letter of credit from an acceptable bank provides security for the registrars’ satisfaction of their obligations under the agreement. Exhibit B outlines the requirements for the letter of credit. Exhibit C is the letter of credit format required by the registry’s bank. If you need further assistance, please contact email address email@example.com. Public Interest Registry will notify the registrar’s billing contact #1 by e-mail as to whether or not the format of the irrevocable letter of credit is acceptable. If you expect the total cost of your registrations to exceed the amount in the letter of credit, you are advised to submit with the irrevocable letter of credit a cash deposit for an amount at least equal to this anticipated excess.
- When a group of ten (10) or more related ICANN-accredited registrars applies for accreditation at or about the same time as determined by PIR (“Bulk Registrar Applications”), PIR requires that each registrar deposit at least Five Hundred U.S. Dollars ($500.00) into their respective accounts. Due to the administrative impact of processing large-scale related applications, PIR handles Bulk Registrar Applications on a separate track from individual and non-Bulk Registrar Applications. PIR will process approximately ten (10) applications per week for Bulk Registrar Applications. PIR will continue to process individual and non-Bulk Registrar Applications on a first-come first-served basis.