In a press release today, Verizon Wireless has announced that it is now offering a no-contract monthly service option for those that either already have unactivated equipment and wish to use it again, or for those that do not want to sign a service agreement.
The service works by purchasing the desired handset or aircard for full price and customers are given the choice of every applicable Nationwide rate plan available with an activation fee where required. The option is also available online.
The only caveat to this option is that customers under a current 1 or 2 year agreement must finish out their current agreement before moving to the month-to month option.
This option had been rumored for sometime and was speculated as a way to compete with regional flat-rate wireless carriers MetroPCS, Cricket, and others.
I think Sprint has had something like this for voice a little over two years now. 200 minutes for $29.99, nights @9pm.
What does that Sprint plan have to do with this? This is the ability to be on any verizon plan without having a 1 or 2 year contract!
Once a Sprint customer you can switch to any plan without a contract setup or change. A bit of a loophole that you have to set it up for the month to month, no contract plan and then make a change.
This has been available for sometime and looks to be gaining popularity.
Not a bad idea. From what I’ve read elsewhere it only requires a CDMA device and not just Verizon handsets. Must require to be billed and prepaided against a credit card each month. I wonder how they would handle overages and additional charges, plus are there deposits?
Seems a lot like T-Mobile’s FlexPay, a good thing IMO.
Overages on T-Mobile’s Flex offerings are handled via a refillable “Flex Account”. To purchase vending machine items, or to continue usage after the initial bucket is depleted, a customer can refill the account via credit or debit card online or with CS, or can purchase prepaid refill cards. One advantage to Flexpay may be that the line is still usable even after the bucket is gone during the free N&W time, or 24/7 to the MyFave contacts.
This may in prep for Alltel consuption as they have done this for years. No contract needed on customer owned and maintained equipment. FYI
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