Your domain Registar will require...do we pay for this?

cibnornews

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I added a domain and I made it the default domain. Up to this point I'm fine. However, the system made the comment:

Your domain registar will require one of the following record types to setup your new domain (then it provided record types, I redacted this since my question is more basic)

Questions..
(1) Is registar a site "you pay" for a domain name to use for X period of time.
(2) And if (1) is true can anybody recommend a reliable inexpensive sites for me.
(3) And.if (1) is false and you don't need "to pay" a registar to setup a domain, is url of such site or is there a workaround to avoid paying.(lack credit card).

Sincerely, cibnorNews
 
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