A domain name has at least two parts, the top-level domain (.com, .org, .edu, .design), and the second-level (amazon, google, craigslist). In the example Amazon.com, “Amazon” is the second-level and .com is the top level.
What the heck is a third level then?
A Top Level Domain (TLD) is the last part of a domain name, such as .com, .net, .edu. Very recently, many new TLDs have become available, including options such as .design, .basketball, .ink and .dentist. Each TLD is run by a company called a “registry” and with all the new TLDs there are lots of new registries. Registries are allowed to set pricing for names sold within their TLD and thus, there is now a wide variety of pricing. Below is an explanation of some of the different pricing strategies: