Verizon Announces Their Own Early Smartphone Upgrade Program – ‘Edge’

Verizon Announces Their Own Early Smartphone Upgrade Program – ‘Edge’

Verizon jumped on the early device upgrade program bandwagon Thursday, as they have unveiled their own smartphone upgrade program, dubbed “Edge.” The program offers subscribers the ability to upgrade to a new handset after six months.

verizon_edge

AppleInsider:

Verizon Edge is pitched as a “flexible equipment payment plan,” allowing customers to spread the retail price of a new phone over a 24-month period. If users pay 50 percent of the retail cost of their smartphone, they can upgrade to a new phone in as soon as six months.

The new program is available for any smartphone offered by Verizon, and customers can choose the phone they want along with a month-to-month service plan.

The full retail price of the handset will be divided over a 24-month period, with the customer paying the first month of that plan at the time of purchase.

If a customer upgrades to a new phone after six months, the 24-month payment period starts over. The plan, which launches for “Share Everything” customers on August 25th, does not include a service contract, finance charges, or upgrade fees.

Verizon’s announcement comes after announcements about similar plans that would be offered by T-Mobile, (Jump), and AT&T, (Next).

This announcement leaves Sprint as the only carrier among the big four not to have announced an early device upgrade program.

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