Hello Rod,

> I would like to ask a question of the list.
> Hands up those resellers who can afford a million dollar 
> accounting system
> to handle monthly billing of a domain name licence?

No-one needs to.  It is an option that could be available at the registry.
It is up to a registrar or reseller whether they want to use the option.

There are certainly some resellers that bill monthly now.

Regards,
Bruce