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Phones Review: Verizon Wireless: Early termination fee of $350, do you want a DROID now
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@Pogue This might explain it a little more. http://bit.ly/1GY1ih 13 days ago |
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Early termination fee to get out of contract for Verizon Wireless may soon be $350....ouch. I am staying! http://bit.ly/1azSbg #vzw #fb 14 days ago |
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BoyGenius: Verizon Wireless to charge up to $350 early termination on “advanced devices” http://tinyurl.com/yjdpjbs 15 days ago |
Verizon Wireless: Early termination fee of $350, do you want a DROID now
Phones Review —
... From November 15th this charge will go into effect and the new improved termination fee will include a minute silver lining apparently according to BGR for every month of service completed, this means that the $350 will be reduced by $10. ...
Verizon To Charge $350 Cancellation Fee
I4U News —
... This sale will include some exceptional deals which, Verizon fears, are ripe for exploitation. In order to prevent customers from cancelling their line and selling their new phone on ebay for a profit, Big Red is about to hike their cancellation fee. Boy Genius has come across proof that Verizon will soon up their cancellation fee for 'advanced devices' from $175 to $350. That's certainly one way to discourage that sort of behavior. With a penalty that steep, I can't imagine any way to profit off of flipping Verizon smartphones. On the plus side, it doesn't start until ...
Verizon Early Termination Fee leaps to $350
SlashGear —
... We suppose we can’t really fault Verizon too much for wanting customers to honor their contracts rather than paying an early termination fee (ETF) of around half the phone’s value and then selling the handset for a profit on eBay, but our natural dislike of ETFs is perking up this morning. According to a leaked slide that found its way to the BGR, Verizon are now planning to charge up to $350 in termination fees on “Advanced Devices” – we’re guessing they mean smartphones or high-end featurephones – whose owners ...
Verizon looking to bump early termination fee to $350 on 'advanced' devices
Engadget —
... You know what's worse than showing your Bitter Beer Face to the world after you passed on Apple's iPhone and let AT&T enjoy the spoils? Raising your early termination fee to stratospheric heights. Just over a year ago, we honestly though this whole ETF ...
News Roundup
Android Phone Fans —
... have a minute silver lining (if you can even say that): for every month of service completed, the $350 sum will decrease by $10. No word yet on what an “advanced device” constitutes but we can use our imaginations to figure it out. What do you think? Anyone considering abandoning plans to buy the DROID after hearing this news, or are you just going to get yours before November 15th? Or will you actually be an honest person and actually honor the contract you sign?”
[Via BGR]
LG and Rogers Launch the Ultimate Smartphone for Social ...
Verizon to Double Early Termination Fee [Rumor]
Gizmodo —
... The good news, however, is that fee will drop by $10 every month. But still, that's a $110 termination fee in month 23 of a 2-year contract...which is clearly absurd. [BGR] ...
Verizon raising early termination fee to $350
WMExperts —
... ? A scam involving flipping BlackBerries for cash, prizes and small puppies, apparently. But, let's face it: If you're going to break a contract, chances are you're not going to care that much what it's gonna cost ya. [Boy Genius Report] ...
Verizon To Double Smartphone ETFs? - From $175 to $350 starting November 15
DSLreports - front page —
... According to a leaked memo posted over at the Boy Genius Report, Verizon is preparing to double the early termination fee for customers who buy new smartphones via Verizon. According to the memo, customers after November 15 who buy an "advanced device" (smartphones) can expect to pay a $350 ETF, though that total will decrease $10 a month every month a user's under contract. The BGR surmises that the change is to stop people from flipping subsidized smartphones over at eBay, though you can also be sure Verizon's forced migrations to open devices and platforms has them eager to ...
Verizon upping cancel fees for smartphone owners
Electronista | The Macintosh News Network —
... from Motorola. Verizon is suspected of introducing the higher ETF to keep subscribers from profiteering by selling their subsidized smartphones to other individuals. It also helps guarantee that these more lucrative customers stay on their contracts and generate profit before they leave the service. [ via BGR ]
Verizon to raise early termination fees for "advanced devices"
Crave: The gadget blog —
... (Credit:
Boy Genius Report)
Aside from the cost of the device and the expensive monthly plan, you might have to face an additional charge just for the privilege of getting a smartphone. According to a document found by the Boy Genius Report ...
Verizon reportedly raising the early termination fee on some phones to $350
TECHNOLOGY —
... Boy Genius Report got its hands on what it says is an internal Verizon Wireless document indicating that the company will raise the early termination fee on its "advanced devices" to $350 starting Nov. 15. ...
Verizon Wireless bumping up early termination fee to $350 for ‘advanced devices’
IntoMobile - Cell Phone News, Information, and Analysis —
... All carriers, Verizon Wireless included, provide deep discounts on smartphones by subsidizing the cost of the handset. The idea is to make back the subsidies with long-term contracts and data plans. A higher ETF helps ensure that a customer will honor their contract, and if they decide to leave, the ETF will help the carrier make back its subsidy costs.
We miss the good ole days when it was trendy to give customers a break on the ETF.
[Via: BGR]
Related News from IntoMobile:
Sprint’s on board ...
mocoNews Quick Hits 11.04.09
mocoNews —
... has a second phone. [ZDNet]
» Comcast (NSDQ: CMCSA) has rolled out WiMAX service in the company’s hometown. [Multichannel Move]
» Bell Canada begins offering service on its new $1 billion broadband network—the one that helped it get the iPhone. [Globe and Mail]
» Verizon is doubling its early termination fee to $350. [BGR]
» Digital gaming and entertainment platform ...
Verizon to Double Early Termination Fees
PreCentral.net —
... marketing the Pre and/or other webOS devices in January 2010, is that this increased ETF will reportedly affect "customers purchasing an Advanced Device." We're fairly confident that the Pre will fall under that category, so buyer beware. Hopefully, to the extent that Verizon Wireless is making it harder to leave the service, it will also make it easier to join, with significant subsidies on webOS devices when they hit its network. Dare to dream, friends. Read: BGR ...
Verizon increases ETF to $350
MyCE News, Articles & Reviews —
A document first announced by Boy Genius Report indicates Verizon Wireless plans to increase the cost of its early termination fee for smartphones up to $350, with other wireless providers reportedly ready to follow in Verizon’s footsteps.“Beginning 11/15/09, customers purchasing an Advanced Device with a 1 or 2 year service agreement will be subject to an ETF of up to $350 if they disconnect service prior to completing the minimum term,” according to the ETF change document acquired by BGR. “The $350 ETF will decrease by $10 for each month of service completed.” So, if a ...
A few notes before you stand in line for the Verizon Droid
Android and Me —
... BGR is reporting that Verizon recently raised the fee for early termination of your contract. It went from $200 up to $350. The $350 ETF will be decreased $10 for each month of service completed. Make sure you really love Verizon and want to stick with them for 2 years. ...
Want a Droid on Verizon? There’s an ETF Hike For That
Unwired View —
... following suit. After all, the iPhone is being subsidized by $400, so it wouldn’t be too ridiculous to imagine AT&T copycatting Verizon on this one.
Here’s a solution, Verizon: if you’re so worried about losing money and customers but yet want to be fair about the ETF, demand a $350 ETF for only the first 4-6 months to ward off the potential flippers, and then drop the ETF down to the same cost as every other device.
via BGR ...
Verizon Raising ETF for “Advanced Devices” up to $350?
BerryReview.com —
... Here I was under the impression that after all the ETF class action lawsuits we would finally see the demise of the ETF. Turns out I was wrong. The BoyGenius confirmed that Verizon is planning on raising their Early Termination Fee for “Advanced Devices” up to $350. Verizon is kind enough to lower the $350 ETF by $10 every month which still leaves you with $110 ETF if you cancel the day before your contract ends. ...
Verizon Makes It More Expensive To End Your Smartphone Contract
pocketnow.com —
... 15 for "Advance Devices," making it more costly to terminate your contract.
The move can be seen as being pre-emptive to prevent users from scamming the carrier as smartphones get a large subsidy. Some users may find it profitable to open a second line, get a new device subsidized, then cancel the contract and pay the older, cheaper ETF charges and sell the device for a profit. Under the new scheme, it may not be profitable or less profitable to do that.
(via: BGR)
Related Posts ...
Verizon early termination fee could jump to $350
Gadget Teaser —
... fees, and then reselling contract-priced phones like the Blackberry Storm on eBay for a couple hundred bucks in profit. Well no more. The new fee will apply specifically to “advanced devices,” which pretty much covers anything Verizon deems expensive enough to make you pay for.
The only good news is that the price will decrease by $10 per month over the life of your contract. So halfway through you’re back to the original fee of $175.
Source: Boy Genius Report
