Leaked internal document confirms Verizon will hike ETF

This article contains unofficial information.
Leaked internal document confirms Verizon will hike ETF
Yesterday we passed along to you a report that Verizon was going to raise their ETF on high end handsets. Today, there is confirmation of Verizon's plans in the form of a leaked internal document that BGR was able to obtain from a tipster. Starting on November 15th, those who buy an advanced handset will have to pay an ETF of $350. Every month that the line stays open, the fee will drop by $10, not the $5 we had heard on Tuesday. The wireless operator is hoping that such a prohibitive fee will prevent people from taking advantage of Verizons BOGO programs to sell an extra device on eBay while canceling the second unwanted phone line. Of course, if you are the type that sticks to a signed contract, then you really have nothing to worry about. For the rest, it looks like Verizon means business so perhaps you should think twice before running a scheme on them.

source: BGR


FEATURED VIDEO

31 Comments

1. theman414

Posts: 132; Member since: Jun 08, 2009

And I thought Verizon was turning the corner on their money hungry ways. I guess I was fooled. If your thinking about leaving better do it now before you get a new phone and contract!

5. commonsense

Posts: 1; Member since: Nov 04, 2009

money hungry? sounds more like commonsense to avoid scammers and keep good promos going for consumers that really do benefit from BOGOs. last time i check, verizon is a FOR-PROFIT company. unless you work for a NON-Profit company, protecting your subsidies and revenues is how to stay in business.

7. theman414

Posts: 132; Member since: Jun 08, 2009

Then why don't they limit the crazy 350 ETF fee to customers who utilize the BOGO offer instead of sticking it to everyone?

12. vzwtechbill

Posts: 175; Member since: Mar 16, 2009

if it's so crazy, don't buy a smartphone from VZW, prob solved

20. theman414

Posts: 132; Member since: Jun 08, 2009

Your right! I paid my early termination fee earlier this year and got the iPhone just like countless other ppl.

23. E.N.

Posts: 2610; Member since: Jan 25, 2009

Yup. I'm glad the early termination fee was only $175 when I left Verizon for my iPhone 3G.

24. vzwtechbill

Posts: 175; Member since: Mar 16, 2009

enjoy your 22% drop call rate

26. theman414

Posts: 132; Member since: Jun 08, 2009

I'm enjoying my lower phone bill! I'll have to ask all the other ppl I know who dropped Verizon if they have dropped calls but none here haha

27. YouLostTheGame

Posts: 441; Member since: Dec 11, 2008

VZW and ATT price points are identical. So how do you now have a "lower phone bill"? Unless you went with a voice plan with less minutes, but that would just make your point moot.

29. theman414

Posts: 132; Member since: Jun 08, 2009

I get a good company discount, and Verizon didn't always charge $30 for their data plan. http://www.engadgetmobile.com/2008/04/14/verizon-wireless-announces-30-unlimited-browsing-plan-f or-smart/

2. puggunit

Posts: 23; Member since: Jul 31, 2009

for advanced phones. They lowered their deposit to 75 and 125. It is a way to stop people from causing stores,like mines, to lose money with deactivations. Its a good idea.

15. VGirl

Posts: 27; Member since: Jan 14, 2009

What about people that dont require a deposti

3. jrg11

Posts: 65; Member since: Jun 12, 2009

I'm wondering how this is gonna work for the netbooks since it only says advanced devices. Can't beat a $175 computer...

4. xmguy1

Posts: 68; Member since: Nov 04, 2009

If I did my math correctly. If you run the 23 months out of a 24 month contract then getting $10 knocked off the ETF you will still be paying $120. That's dropping ONE MONTH BEFORE CONTRACT ENDS! RIP OFF!!

10. Onomatopoeia

Posts: 23; Member since: Mar 30, 2009

Then pay for your last month!

13. vzwtechbill

Posts: 175; Member since: Mar 16, 2009

And yet you don't complain that if you drop out 1 month before on a regular phone, you pay a $60 ETF....

6. rwolf1984

Posts: 536; Member since: Jun 06, 2009

VZW must have had a lot of fraud during the Blackberry BOGO. . .This is hopefully going to detour people from scamming. If you don't like it switch to T-Mobile. They have buy a out right option. . .Buyer Beware T-Mobile is likely to lose your data as well as lose service nation wide for hours at a time. . .hahahaha

8. Homotechual

Posts: 65; Member since: Oct 27, 2009

If I remember correctly verizon had a huge outage not to long ago....oh and the data thing was microsofts fault. So please get over yourself and do your homework before u make retarded comments. Have fun paying up the a with verizon haha

11. Onomatopoeia

Posts: 23; Member since: Mar 30, 2009

Kinda ironic with Tmobiles outage yesterday...Oh and if we're blame shifting; you're probably referring to a BIS outage which is obviously not Verizon.

9. *HOVA*

Posts: 564; Member since: Dec 11, 2008

What's even more interesting through all this is that they made this hike first. I would've expected it to be ATT since they hold more smarthphone users then VZW. Oh, and for all you fanboys?? ATT also has MORE net post-paid customers then VZW. Bet you didn't know that. If it weren't for their prepaid combined, they would NOT be the largest carrier in the US.

14. The Doc

Posts: 122; Member since: Dec 11, 2008

LIES! At&t's postpaid customers is far less than VZW.

16. VGirl

Posts: 27; Member since: Jan 14, 2009

Yes I have herd about AT&T's so called "net activations" Thier net activations is not based on how many new phones are activated but how many new sim cards are activated. Every time a customers Sim card goes bad and they get a new one its counted at a new add. Now not to say that this is fluffing there numbers so much that is would make a huge difference, but kind of a shady way to boost them a little.

17. tonyc_42

Posts: 61; Member since: Aug 18, 2009

wow hova... it seems like all the comments you post are always wrong and uneducated. nice job

18. *HOVA*

Posts: 564; Member since: Dec 11, 2008

They said so in a public statement, maybe you should take up your issue with their data yourself The Doc? I'm so glad I have to deal with your idiotic posts again. Oh joy. And if you don't believe them, do a search. If you can't point me to something stating otherwise, your comment disclaiming mine is as good as nothing to me. If you think I'm going to believe you just because you say LIES you must be an idiot. I could say lies to everything you say, does that make it credible? Clearly you're not the only one though, because tonyc_42 believes you. I guess you guys roll in packs.

19. VGirl

Posts: 27; Member since: Jan 14, 2009

Packs? If by packs you mean that we stand up for a good carrier when they are being slandered by bad information then yes yes I do believe we could be called a pack. O and as for my information. That kinda info would not really be found via an internet site I'm sure that AT&T does a very good job of burying that kind of information or has some loop hole to count it that way. I however have herd it straight from a few different AT&T managers in a couple of different cities.

21. *HOVA*

Posts: 564; Member since: Dec 11, 2008

Yea because lord knows AT&T managers at stores would know those facts bahahaha!!!!

22. JackFace

Posts: 190; Member since: Nov 03, 2009

Yikes VGirl!! (and I hope the "V" stands for Verizon) You have "heard" that?? Hope you heard it from some reputable source to back that up. Honestly, SIM cards go bad quite often. And that being the case, it would look like AT&T activates 5 times as many as Verizon each Quarter. If you can show some evidence, post it. Otherwise, I'd keep that to yourself there, young girl.

25. vzwtechbill

Posts: 175; Member since: Mar 16, 2009

Well hova and jack, I think it's very noble of you to make such a boast, disclaim anyone that disagrees with you by demanding proof, without offering any of your own. Anyone can/will say anything, if you want to be taken seriously, offer credible, non-biased facts/resources to prove your allegations. If you can't provide any, then stfu about demanding others do the same.

28. YouLostTheGame

Posts: 441; Member since: Dec 11, 2008

Yeah well I heard from this one dude's girlfriend's mother's daughter's cousin that used to ride the bus with this one guy who shopped at that one store that may or may not have sold cellular phones that it's all true! Who cares whose carrier is the "biggest". Every carrier is the "biggest" for something...whether it's customers, or coverage, or douche bags, etc. My dad can beat up your dad...

30. Fanboys Suck

Posts: 609; Member since: Dec 12, 2008

Whoa!! TechBillDude coming out of nowhere for Verizon's Defense! Way to be a fanboy!

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.