That right there is a bunch of jibber-jabber that can be condensed to this: Verizon will not start taking money off of its early termination fee until the contract is at least eight months old. Advanced devices have an early termination fee that starst at $350. Devices that do not fall under that title start at $175. So any money taken off of the ETF is welcome. The savings start at $10 or $5 depending upon the device and climb up to $60 or $30 in the twenty-fourth month of a contract.
This is how the new deductions will operate (advanced devices/non-advanced devices):
- Months 8-18: $10 / $5 per month
- Months 19-23: $20 / $10 per month
- Month 24: $60 / $30
The policy change will be limited to devices purchased on November 14 and thereafter.
Source: Verizon
Via: Android and Me
Come comment on this article: Verizon’s ETF fee will not decrease until a contract’s eighth month of life
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