I’ve noticed something odd. Dot-io domains cost $45 through the CF registrar. However, there are quite a few registrars that offer .io registrations, renewals and transfers for less than $45. So, either the wholesale cost of .io domains is less than $45, or these registrars lose money on .io registrations, renewals and transfers, which seems unlikely. I’ve seen registrars advertising pricing that is below the wholesale cost in an attempt to attract customers, but this kind of promotional pricing is usually only valid for registrations and/or transfers, and never for renewals.
Can someone shed some light on this?