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Verizon Wireless doubles early termination fee - $350! on certain devices

Discussion in 'Wireless News' started by Kalimotxo, Nov 4, 2009.

  1. Kalimotxo

    Kalimotxo Bronze Senior Member
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    #1 Kalimotxo, Nov 4, 2009
    Last edited by a moderator: Nov 4, 2009
  2. M in LA

    M in LA Mobile 28 Years Plus
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    Re: Verizon Wireless doubles early termination fee - $350!

    Clarification: It is NOT on all devices or smartphones, ONLY high end smartphones (Droid and Blackberry's, to name a few), those considered "advanced devices".

    This is not an across-the-board ETF increase.
     
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  3. Kalimotxo

    Kalimotxo Bronze Senior Member
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    Re: Verizon Wireless doubles early termination fee - $350!

    Thanks for clarifying on that's it's for advanced devices...

    So with the increase in ETF... does this mean that we'll see an increased subsidy on the handsets?
     
  4. M in LA

    M in LA Mobile 28 Years Plus
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    Re: Verizon Wireless doubles early termination fee - $350!

    Sadly no. This increase is in response to scammers who apparently take advantage of the "buy one, get one free" offers where they start a line of service, disconnect, and sell the phone for a profit, according to Boy Genius Report. So this is an apparent deterrent (as Verizon seems to believe).

    So there won't be any more of a subsidized price than what we already see. You know Verizon comes up with ingenious ways of making money, so now they've stumbled on yet another way...
     
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  5. larry

    larry Sprint loyalist and former mod
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    If a lot of people are scamming Verizon then I don't blame them for wanting to increase the fee. I wonder if other carriers will follow.
     
  6. crood

    crood Senior Member
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    To be fair, I usually find Verizon's subsidized prices to be lower. As an example, their version of the HTC Hero, the Droid Eris, will be $99. It's $179 at Sprint. Of course, you more than make up the difference on the price of the plans.
     
  7. Kalimotxo

    Kalimotxo Bronze Senior Member
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    Sprint will not be, according to their latest tweet:

    "One more tweet on ETF policy. We won't be following suit as other carriers increase fees. Official Sprint ETF policy http://bit.ly/493Yjz"
     
  8. crood

    crood Senior Member
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    Of course Sprint just announced they're laying off over 2000 people, so it might be a case of picking their poison.
     
  9. M in LA

    M in LA Mobile 28 Years Plus
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    Looks like lawmakers are none too pleased with Verizon's ETF increase:

    Continues here: Post Tech - Update: Lawmaker to introduce bill on cancellation fees after Verizon's increase
     
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  10. Tony E!

    Tony E! Retired Mod
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    Re: Verizon Wireless doubles early termination fee - $350!

    Ain't that the truth. :rolleyes:
     
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