Verizon is done with 2-year contracts. That also means they are done with subsidized (discounted) phones in exchange for you signing up for two years of service. Starting August 13, Verizon’s new S-M-L-XL plans are your option when you decide to become a Verizon customer or upgrade from your current phone. Verizon is now fully invested in device payment plans separated from service costs.
According to Verizon’s press release for their new plans, “All new customers, and existing customers who want to move to the new plan, will buy or upgrade to new smartphones using Verizon’s device payment option, formerly known as Verizon Edge, or by paying the retail price.” In other words, if you sign-up for new Verizon service or upgrade when your current plan is done, you will move to the new S-M-L-XL data plans. If you want a new phone to go with your plan and service, you can either pay full retail for one or sign-up for their new device payment plan.
On that note, Verizon is also killing off Verizon Edge. While details are scarce on what the new plan will be called or if it differs from Edge, my guess is that it’ll just be a generically branded 24-month device payment plan. Edge already changed from an early upgrade plan to a 24-month payment plan months ago, so it may go completely unbranded going forward.
All make sense? Starting August 13, Verizon is going the T-Mobile route by moving away from 2-year contracts.
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