Verizon adds on $20 fee to upgrades, even from the iPhone Upgrade Program

It’s said that Verizon has the most cellular subscribers in the country because of its astounding performance and coverage. Barring the marketing wars between the tier-one carriers, the ‘ol checkmark would always want a little more money beyond the filled treasure chest it has — $131.6 billion in FY2015 — from charging some of the highest service rates and fees to maintain, improve and expand that coverage.

Verizon-Upgrade-Fees

So goes the ploy as the company is to announce a $20 upgrade fee on phones purchased from Verizon through an installment plan, annual upgrade plan or at full retail price. The internal memo as obtained by MacRumors says Big Red also will tack the $20 fee to switches made with the iPhone Upgrade Program. Upgrades from two-year agreements continue to have a fee of $40 while a customer-provided device has no fee to upgrade.

For perspective, AT&T has a $45 fee for upgrades from two-year contracts and a $15 upgrade fee for installment plans, its Next program and brought-in devices. Sprint “may charge” up to $36 for device upgrades from contracts, installment plans and its leasing program. T-Mobile does not have upgrade fees per se. None of Verizon’s three main competitors charge an upgrade fee for third-party upgrade programs.

They say that you pay for a privilege. But on top of your already-massive bill, is upgrading your phone really a privilege? We’ll see on April 4.

Source: MacRumors
Via: The Verge

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About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.