Why Is My Payment More Than I Expected?

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According to my knowledge, you charge $4.69 for business hosting "Launch"...... that is what I see,, but when I continue to fill the form and enter my card details, I saw " Total payment $114",, thats shocking... am I going to be charged that amount ? please get back on this to my email,

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anonymous
Hello, Thank you for your question regarding the payment and rate of your hosting plan. The price does show a monthly price but at an annual rate. If you need more billing options you may contact our sales depart by calling the number at the top of the page. Best Regards, TJ Edens