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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 14 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 15 days ago |
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BoyGenius: Verizon Wireless to charge up to $350 early termination on “advanced devices” http://tinyurl.com/yjdpjbs 16 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 to raise ETF to $350 on “advanced devices”
MobileCrunch —
... The leaked document doesn’t exactly spell out which devices qualify as advanced, but chances are it’s any BlackBerry, Android, or Winmo handsets. The new fee does decrease every month by $10, which is a plus. So you know what this change means, right? You have a week and a half left to scam Verizon. ...
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 ...
Verizon looking to bump early termination fee to $350 on 'advanced' devices
Engadget Mobile —
... 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 Wireless Doubles Early Termination Fees To $350
The Inquisitr » Technology —
... So much for buying devices, cancelling your contact and flipping them on eBay for a profit, which is probably half the reason for the rate hike. [BGR] ...
Verizon doubling early termination fees
Yahoo! Tech Advisors —
... at least a hundred bucks for the privilege. The carriers justify it by saying you get a better deal on your cell phone when you make the initial purchase, but for many, hanging on to a crummy phone for two years just isn't worth it, and many people find that after the first year has passed, they want out of the deal (usually so they can get an iPhone). And that termination fee is always painful. Well, if you sign up for new service with Verizon beginning November 15 or later, that early termination fee is about to start hurting much worse . According to Boy Genius Report, ...
Verizon Wireless To Hike ETFs On "Advanced" Devices [Droid]
Consumerist —
Are you looking to get a smartphone on the Verizon network anytime soon? Make sure that you like it before you sign a contract, since starting November 15th, Verizon will be imposing a higher early termination fee—up to $350—on contracts for "advanced" devices. That means smartphones. http://www.boygeniusreport.com/2009/11/04/confirmed-verizon-wireless-to-charge-up-to-350-early-termination-on-advanced-devices/ Why would they do such a thing? Not just for the sake of greed. It's because of their "buy one Blackberry, get one free" promotion for the holidays. WIthout the ETF hike, this could have led to an exciting new way to subsidize your purchase of a sexy new Tour: get another ...
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 Raises Early Termination to $350
dailywireless.org —
Verizon is raising early termination fees, notes Boy Genius Reports and Tech Crunch. On Novermber 15, it’s increased to $350 for “advance devices” only. VZW is no doubt targeting users who cancel their contract, pay the early termination fee, then flip it on Craig’s List for a profit. ...
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 Wireless set to double early termination fee to $350 on November 15
MacDailyNews —
... for The Boy Genius Report. MacDailyNews Take: "Verizon's definition of "advanced device" is whatever iPhone-lookalike-not-workalike they're dangling this month ( LG Voyager , HTC Touch , BlackBerry Bold , Samsung Omnia , BlackBerry Storm , Motorola Droid) in order to dupe the ignorant. Munchbach reports, "This new 'improved' fee does have a minute silver lining (if you can even say that): for every month of service completed, the $350 sum will decrease by $10." Full article here . MacDailyNews Take: So, should you double your risk on this month's ...
Verizon Wireless bumping up early termination fee to $350 for ‘advanced devices’
IntoMobile —
... 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 ...
Apple App Store now carries 100,000 apps, Google Friend Connect adds personalization features, Verizon to up early termination fee to $350 on "advanced devices"
Obsessable News Feed —
... Connect has received new customization features and tools designed to help visitors to websites find out what they have in common. When users sign up for a new website through Friend Connect, they're asked questions chosen by the webmaster about their interests, and their responses are displayed on their public profiles as instant icebreakers. Verizon is changing its early termination fee policy; on some "advanced devices" (presumably expensive smartphones) the contract termination fee will bump up to $350 to further discourage customers from dropping ...
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 ...
Linkpost | 11.5.2009
TechBlog —
... - David Pogue and Walt Mossberg review the Droid. • Confirmed: Verizon Wireless to charge up to $350 early termination on "advanced devices" - It will cost you a lot more to walk away from a Verizon contract on a smartphone. • ...
