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Verizon Wireless Confirms $350 ETF for Premium Devices

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Companies have a right to protect their interest

VZW_insider

Nov 5, 2009, 12:17 PM
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 ONLY" (just want to make sure there's no confusion on that).

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...
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Azeron

Nov 5, 2009, 2:55 PM
I WILL!!!

Forget the NO ETF or $10 Unlimited Plan. If they guarantee 100% 3G I'm there man! 😁
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Versed

Nov 5, 2009, 3:26 PM
Setting up and maintaing a network has nothing to do with etf fee's nor should it, it has to do something with the cost of the phone. ETF fee's should have nothing to do with infrastructure logistics, customer service deals with that. You like the service you stay.

Sure there are some assholes who pull ebay schemes with phones, for what a few bux profit after all is said and done, the overwhelming vast majority don't. The leave or want to leave for something else, and are willing to pay off the etf of what it is at present. And thats fine.

$350 is to stop those who want the latest and greatest, OK, you may find that wrong, I might too. But if I want to switch thats my business. If VZW would want to keep me they should be doing...
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flagrantmisuse

Nov 5, 2009, 4:33 PM
ok it is your right to switch. but it's also verizon and every other company that decides to do this to make sure that they recouperate their money lost due to your decision. You have the right as an american to have whatever service with whatever phone you want as long as you have the money and the credit. but it is the cell phone companies right to make sure that if they give you an expensive phone for dirt cheap, that you understand you will have to keep that phone for 24 months or pay 350.00.
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Menno

Nov 5, 2009, 9:39 PM
Or pay more for the phone up front and not have to worry.

In the end, it is just another example of consumers complaining that they are maxing out their credit cards faster instead of looking at the COST of things and thinking before they buy.
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flagrantmisuse

Nov 6, 2009, 9:06 AM
correct. consumer responsibility.
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Menno

Nov 5, 2009, 9:38 PM
and they are signing two year CONTRACTS they are doing it wrong.

If you are the type of person who always wants the best toy (no matter what network) you either buy all your phones on ebay, buy them retail, or at the worst sign a one year contract.
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VZW_insider

Nov 5, 2009, 11:11 PM
AMEN!

Before I worked for the carrier I always purchased phones on 1 year contracts or full retail if I really had to have it. At the rates I go through phones I usually recoup the cost of the new 1 year contract price by selling my old phone on EBAY. Win win.
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bp3dots1

Nov 6, 2009, 9:27 AM
If you want the right to swtich/leave whenever you want, dont sign a contract. Prepaid sounds perfect for you. That's one reason why they have the option.

You're making the choice to sign the contract and get the discounted phone. So you are responsible to the terms of that contract. Or, do you think that the obligation is only on the provider's side?
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muchdrama

Nov 5, 2009, 4:38 PM
VZW_insider said:
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 ONLY" (just want to make sure there's no confusion on that).

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
...
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Azeron

Nov 5, 2009, 4:41 PM
Agreed! That post made so much sense.
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