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Is there a charge for transferring my domain name originally registered with another Registrar to SingNet?

April 26, 2017charge domain name originally registered Registrar SingNet transferring

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Is there a charge for transferring my domain name originally registered with another Registrar to SingNet?

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4A. No administrative fee will be charged for the initial transfer of a domain name from another Registrar to SingNet. However, you will be billed for the 1-year or 2-year domain renewal fee (depending on the plan selected during application) upon successful transfer of the domain name.