Leaked documents show Verizon to counter T-Mobile's JUMP! with VZ Edge

Leaked documents show Verizon to counter T-Mobile's JUMP! with VZ Edge
Last week, T-Mobile introduced its upgrade plan called JUMP! which allows you to trade in your phone twice a year. Of course, you are paying $10 for the privilege each month, and the phone is financed using the EIP that the carrier is known for. We broke down the purchase of a Samsung Galaxy S4 and showed you how you conceivably could update to a new phone twice over the course of a year for just $559.98 with a good credit score.

A leaked copy of Verizon training documents shows that the nation's largest mobile carrier will be fighting back against T-Mobile with a plan called VZ Edge. According to the documents, as long as you've paid 50% of the cost of your current handset, Verizon will let you upgrade to a newer model. The plan, according to the training documents, will launch on August 25th.

Let's say that there is a $500 phone you want. Assuming that Verizon allows you to put $100 down, you can pay off the balance of $400 over, say, 12 months. That works out to $33.33 monthly, and after five months, you've paid off half the phone and can update again. This is just an assumption of how the plan might work. We should know for sure on or before August 25th.

Verizon will apparently fight back against T-Mobile with VZ Edge

Verizon will apparently fight back against T-Mobile with VZ Edge


source: DroidLife via AndroidGuys

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22 Comments

1. palmguy

Posts: 952; Member since: Mar 22, 2011

All that means for Verizon is mo’ money, mo’ money, mo’ money!

2. Birds

Posts: 1172; Member since: Nov 21, 2011

Milk us, Verizon...We like our udders utterly stretched....-_-

3. tigermcm

Posts: 861; Member since: Sep 02, 2009

Uh sounds like alot more coming out my pocket

4. bugsbunny00

Posts: 2251; Member since: Jun 07, 2013

the fourth largest UNcarrier,... and then there trying top its JUMP plan.

5. Shatter

Posts: 2036; Member since: May 29, 2013

Verizons just reinforcing that fact that they are the most overpriced carrier.

7. Larry_ThaGr81

Posts: 478; Member since: May 26, 2011

Yes, they make me so darn sick with the not wanting to be outdone by the competition. Thanks to the smaller competition like T-Mobile, Verizon can't nickel and dime us to death like they want. Even the big bad wolf of cellular carriers can have their hands forced by the competition.

10. rightcue805

Posts: 55; Member since: Jul 08, 2013

actually they don't cost anymore the att or sprint (when it comes to there share everything plan) they all pretty much cost the same.

11. MartyK

Posts: 1043; Member since: Apr 11, 2012

You know as long as people make excuse or defend a company with bad behavior, that company will never change. Yes all carrier have their pros and cons, But I think it's safe to say everyone knows Verizon is the biggest offender when it comes to fleecing the consumers.

13. MobileLyfe

Posts: 8; Member since: Jul 15, 2013

And as long as people have blinders on because of bad experiences, they are going to stay the same ignorant people. Yes Verizon used to cost the most, ricghtcue805 is correct that they are on the same price field as the other carriers now. I had Verizon, switched to sprint when the "first 4g phone" came out to save myself 10 dollars a month, only to not have the internet work above 3g speeds when I actually had connection. T-mobile still assess a fee for leaving service before 21 months, and still requires you to pay off the device you currently own (much like and ETF). Verizon has had their issues in the past, as all carriers still do, but Verizon is listening to the mobile community and changing to meet them at a good pace, that's alot to ask from the largest carrier in America.

14. Whateverman

Posts: 3295; Member since: May 17, 2009

Gotta disagree. VZW isn't listening to the mobile community, it's just seeing churn tick upward ever so slowly. T-Mobile is no competition for VZW coverage wise, we all know that. But in places where their coverage overlaps, T-Mobile is becoming the clear chose. They aren't perfect by any means, but dealing with them is such a contrast from deal with VZW's arrogance. That whole "get what you pay for mantra" they throw is dissatisfied customers faces doesn't always apply, especially when T-Mobile is offering very similar speeds, for 30, 40, & 50 dollars less. VZW works for most, but not all.

21. rightcue805

Posts: 55; Member since: Jul 08, 2013

i agree VZW DOES'T give a crap about there customer

17. MartyK

Posts: 1043; Member since: Apr 11, 2012

Oh yes the blinder, You stated they are on the same field?, T-Mobile and Sprint offer unlimited data do Verizon? Let's really compare family plans shall we.. Unlimited data Sprint Grandfather plans ONLY Verizon do not offer that And as far as listen to there customer, the poll will show the majority would like unlimited data plans, for a long time now, Verizon isn't listen to you, they are listen to they're bottom line,... which is to fleece you!

18. MartyK

Posts: 1043; Member since: Apr 11, 2012

The only thing Verizon have over Sprint and T-Mobile is more coverage.. Their plans and prices are in two different ball parks.. and where I live, Sprint is the best for what I do which is data.. Oh and my Google fiber too.. Lol

19. kaintae

Posts: 98; Member since: Dec 14, 2011

Id say coverage is pretty important. Id rather pay for something that works when I need it to, than pay for unlimited data that is effectively useless. Ive been with all the major carriers over the years. Yes, there's a difference. My employees with verizon have a far better combination of speed and reliability than the ones with other carriers as well. All carriers have their issues . verizon's only consistent complaint is their prices. Id rather that be my gripe than me not having quality service like it was with the otger carriers.

6. Gdrye

Posts: 111; Member since: Jan 02, 2012

At&t has had this for years...the 6th month upgrade plan, old news for us, the phone does cost more upfront, but there is no added premium to the bill either...glad to see everyone else finally catching up

8. Larry_ThaGr81

Posts: 478; Member since: May 26, 2011

If after 6 months, we can trade in our current phones and upgrade to a new one then this might be worth considering. However, if we upgrade to a new phone and still have to pay of the previously financed phone, then yes this will be more revenue for Verizon.

9. Synack

Posts: 688; Member since: Jul 05, 2011

This feature isn't required.This only costs you more if you actually want the option to upgrade multiple times per year. Which it would've costed you more anyway. So all of your arguments about it costing more are obviously true, but invalid because this feature is for the people that have no problem paying extra to have the latest and greatest phone. I will be doing this for sure.

12. travis84

Posts: 1; Member since: Jul 15, 2013

If we are grandfather in do we lose that?

15. xpr3ss10n

Posts: 58; Member since: Dec 15, 2011

Of course. Say goodbye to unlimited data

22. rightcue805

Posts: 55; Member since: Jul 08, 2013

IF you were on at&t you can keep your unlimited :D

16. TheRequiem

Posts: 245; Member since: Mar 23, 2012

This is nothing like Jump, they will require much more then $10 a month if you want upgrade... more like about $40 if you want to upgrade every 6 months. Good luck with all that.

20. donfem

Posts: 708; Member since: Mar 30, 2011

Can't understand how you came up with your arument. So, $40 every month for 6 months? I am quite sure you have no clue how JUMP works do you?

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