Verizon Makes It More Expensive To End Your Smartphone Contract

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By: Chuong Nguyen | Date: 5-Nov-09 | - Comments

If you're on a plan or wanting to be on a plan with a Touch Pro2, HTC Imagio, or Motorola Droid on Verizon Wireless, you may want to think again about switching to a different carrier. The nation's largest carrier will be raising its early termination fee (ETF) beginning November 15 for "Advance Devices," making it more costly to terminate your contract.

The move can be seen as being pre-emptive to prevent users from scamming the carrier as smartphones get a large subsidy. Some users may find it profitable to open a second line, get a new device subsidized, then cancel the contract and pay the older, cheaper ETF charges and sell the device for a profit. Under the new scheme, it may not be profitable or less profitable to do that.

(via: BGR)

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