Verizon Wireless Confirms $350 ETF for Premium Devices
Verizon Wireless has confirmed earlier reports that it is increasing its Early Termination Fee for certain devices from $175 to $350. Spokesperson Jeffrey Nelson said in an email to Phone Scoop, "We are raising the ETF for contracts associated with the purchase of an advanced device (i.e., smartphones, PDAs, netbooks) at a reduced price. This change only applies to new contracts beginning Nov. 15, and only when the customer ends serivce before the term is up. The ETF will be $350 and will decline by $10 a month. Our ETF for all other devices remains at $175." Verizon Wireless believes this change gives customers another choice when it comes to how they purchase wireless devices and services.
from Verizon Wireless
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Verizon Makes It Pricer to Break Contracts
Verizon Wireless has changed its terms of service and made it more expensive for customers to leave the carrier before the end of their contract. Under the old terms of service, all customers who purchased a smartphone agreed to an ETF of $350.
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Perhaps if consumers would stop trying to get everything for free so they can make a profit, such changes wouldn'...
Need I say more? They're out of their freakin minds.
Spoken like a fool who has absolutely no idea what he's talking about.
Verizon, like any other carrier, is doing this to protect their investm...
No one should be forced to pay such an astonishingly outrageous cancellation f...
It seems to be the trend that changes like this are adopted almost universally though (sms increase, required data plans, prorated etf, etc)
There is a chance it won't, but companies would be ...
Is Verizon bleeding prime customers?
Lies and Deception!
These carriers have fed off ignorance for way too long.
It is funny how this starts a week after the self-fabricated hype of the Droid and with a slew of other VZW devices coming out. I'm not dissing on VZW only. This seems all too familiar in the wireless world. Nobody knows how to keep clientele, so they lock them in.
This is why I hate exclusivity. It does not implement innovation. It only triggers greed, lies and deceit.
Companies have a right to protect their interest
Here's a prime example
- In my area recently, a businesss setup over 50 new lines of service all with advanced devices taking advantage of instant rebates and bogo deals. Two weeks later, all the lines were deactivated and ETF's paid out. If on a generous side you assume Verizon pays $400 per advanced device that was sold (since retail is usually $520 or higher), and the customer payed an average of $50 (also a generous assumption) per handset plus the ETF of $175, th...
Forget the NO ETF or $10 Unlimited Plan. If they guarantee 100% 3G I'm there man!
I really don't get how so many people can really believe that this is simply a "get rich" scheme for Verizon Wireless. People!! It's a business. You want to know why they are bumping the ETF for "ADVANCED DEVICES
I don't see a problem...
These cell companies just don't get it...
Wake up cell companies. Get competitive and stop with the fees.
And if virgin works for you, great. I had it and it was horrible for me (no reception anywhere).
Prepaid services are great in a very narrow market. Past that they're not.
Don't want an ETF??
I don't plan on leaving. And if most people would give VZW a try they may find they are better. I had Verizon for years, tried AT&T in a full 3G covered city, didn't ...
It's not like anyone who wants a 'premium device' exactly shops at the gruel of crappy also-rans Verizon offers to begin with.
89 million Verizon subscribers say you're full of crap. And they all sa...
Think about it?
These type of phones represent the most risk to the company financially. They subsidize these phones more then others because they want to keep the consumer cost down. But if you choose to break contract before its over then they reserve the right to bill out the ETF to recoop lost revenue on the equipment and the monthly service you agreed to pay when you got the phone at the reduced cost.
If you want to avoid the ETF you can sign up service with NO contract with your own device or you can purchase the phone @ the Full Retail price.
Verizon is also prorating down the ETF 10.00 per month so they are at least considering that you have paid your bill and that they have recouped ...
Okay, why would Verizon have a higher ETF on smartphones?
These type of phones represent the most risk to the company financially. They subsidize these phones more than others because they want to keep the consu
Will Other Carriers Follow Their Lead?
Let's see how long it takes for the other guys to follow their lead...
Of course they will...it's called protecting your investment.
Others to Follow
I understand why VZW is doing this. Ebay sales are through the roof for people who cancel their account after 30 period has past. AT&T will follow. Why? Because VZW was the first. They don't have to deal with the p
WOOT! Now my used phones will be worth more money!!!
Why is this ok?
Verizon fanboy would be all over it. Why is there the double standard?
Explaining the increased ETF: The cycle with Verizon Wireless
2) Verizon Wireless comes up with a crappy knockoff, advertising one or two features the VZW knockoff does better, even if it's something dumb like "allows open development" or "plays VCast."
3) Customers buy it, assuming they got something just as good but without the hype on a better network.
4) By chance use a friend's "it" phone and realize there's absolutely no comparison between the two. But assume that they have better coverage than their friends with the "it" phone, so it's good, right?
5) Realize their phone is garbage, and after the initial hype is really getting horrible reviews and as a platform it's falling exponentially f...
1. Verizon releases a new "it" phone (storm 2, Droid).
2. In order to boost sales early, they offer some sort of Buy One Get One Free promo.
3. Customer gets two with activation.
4. Customer cancels the new line, eats the E...
What happens to returned smartphones?
This etf is to stop the policy where people would set up 1-4 extra lines on their account, then sell the phones on ebay for (near) retail price and cancel th...
I bet I can guess
NO TERMINATION FEES...haha