Verizon to no Longer Offer Two-Year Contracts for Smartphone Upgraders

Posted in Apple News, Miscellaneous on 06/01/2017 by Chris Hauk

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As of Thursday, Verizon will no longer allow customers who are upgrading their smartphones to roll into a new two-year contract. The move will effectively eliminate two-year contracts for all customers, new or existing. The two-year contract upgrade option is no longer available at Verizon stores, or partner stores, such as Apple’s retail locations.

Verizon to no Longer Offer Two-Year Contracts for Smartphone Upgraders

Verizon did away with two-year contracts for new customers in August 2015, but allowed existing customers to renew their two-year contracts when upgrading their smartphones. As of Thursday, existing customers will be transitioned to device payment plans as their contracts expire.

When their plans expire, customers who are currently on a two-year contract plan will be required to purchase a phone outright or select a device payment plan if they want to upgrade to a newer device. Verizon will, of course, charge a device upgrade fee at that time.

Verizon offers payment plans for the iPhone 7 and iPhone 7 Plus, starting at $27.08 and $32.08 respectively. The carrier offers a wide range of data plans, starting at $35 per month for 2GB of LTE data, ranging up to $110 per month for a 24GB plan. Each plan has a $20 access fee for smartphones.

(Via MacRumors


Author

Chris Hauk

MacTrast Senior Editor, and self-described “magnificent bastard,” Chris Hauk owns Phoenix Rising Services and writes for everyone’s favorite “bad movie” website, Big Bad Drive-In.

His first Apple product was an iPod Classic 9 years ago, and he has since added a MacBook Pro, a number of iPads, iPhones, and multiple Apple TVs to his collection.

He lives somewhere in the deep Southern part of America. Yes, he has to pump in both sunshine and the Internet.