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Verizon Wireless, the country’s largest mobile carrier, has updated its customer agreement. The update adds new conditions which are related to early termination feeds. These new conditions make it more expensive for Verizon subscribers to switch their carrier. The updated customer agreement has already gone into effect.

Early termination fees includes any and all charges that subscribers have to pay if they give up on their service contract with Verizon before its time is up. The updated customer agreement now states that those subscribers who break their contract within the first seven months will be required to pay the full $350 early termination fees.

Under the new ETF policy the termination fee will be reduced by $10 per month in the months 8-18, and by $20 per month in the months 19-23. In the final month of the contract term the ETF will be reduced by $60.

Previously the $350 ETF was reduced by $10 for each full month of the contract without having to wait for it to enter into the 8th month. Which is why the new policy makes it $70 more expensive for subscribers to opt out of their contract ahead of time.

The carrier does states that this new policy does not apply to those subscribers who purchased a device on contract before November 14th. This new policy applies to “advanced devices,” which includes smartphones like the iPhone and various Androids.

Filed in Cellphones. Read more about .

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