What Happens after Verizon 2 Year Contract

When your contract ends, upgrade to the Verizon plan. Your cost then drops to $80 plus taxes on this plan – that`s $20 for line access and $60 for unlimited data and text/voice. You may terminate a service line within 14 days of acceptance of this Agreement without having to pay an early cancellation fee, provided that you return all equipment purchased from us or one of our authorized resellers within the applicable return period, with a discount associated with your acceptance of this Agreement, but you still have to pay for your service on that date. If you have signed up for the prepaid service, no refund will be given after 14 days or if your account has been activated. Detailed information and information on how to return your equipment can be found vzw.com/returnpolicy. Starting today, Verizon will no longer allow customers who upgrade their smartphones to purchase a two-year contract, eliminating two-year contracts for all new and existing users. When your two-year contract is over, it is automatically replaced by a monthly contract. There is nothing to do. Even if you wanted to start a new contract, this option was removed in January 2017. When you buy a new phone, you must purchase it directly or under the DPP agreement at the full retail price. (Para una copia de este documento en español, visite nuestro website: verizonwireless.com/espanol) Your wireless device must comply with Federal Communications Commission regulations, be certified for use on our network, and be compatible with your service.

Please note that we may change the software, applications or programming of your wireless device remotely without notice. This may affect your stored data or the way you have programmed or used your wireless device. By activating the service that uses a SIM card (Subscriber Identity Module), you agree that we are the owner of the intellectual property and software on the SIM card, that we may modify the software or other data on the SIM card remotely and without notice and any capacity of the SIM card for administration, the network, use for commercial and/or commercial purposes. To prevent theft and other fraudulent activity, newly purchased devices can be locked for 60 days to operate exclusively on the Verizon network. For more information, see www.verizonwireless.com/support/device-unlocking-policy/. While Verizon abolished two-year contracts for new customers in August 2015, existing customers were able to buy back two-year contracts when upgrading their smartphones. This option is no longer available and customers are transferred to device payment plans when their contract expires. Verizon said current customers can upgrade to the new “Verizon Plan” offerings at any time, even if they`re currently under contract — but they`re not allowed to go back. “Our only intention with this new pricing is to make things easier for our customers — so you know exactly what you`re paying for and how to save,” said Chuck Hamby, Verizon`s director of public relations. So I just realized that my 2-year contract with Verizon ends on August 15th.

What exactly should I do now that the contracts have been abolished? If you are a prepaid customer and we send you communications, they will be deemed to have been received immediately when we send them to your wireless device or to an email address you have provided to us, or when we post them as a pre-call notification on your Service, or after three days when we send them to the most recent address we have for you. If you need to send us notices, please send them to the prepaid customer service address at verizonwireless.com/contactus customers currently under contract with Verizon will have to pay an additional $20 per month if they upgrade to a new “Verizon Plan” plan until their term expires so that they can pay the cost of their current phone. Once they are eligible for a new phone, Verizon automatically reduces the “line access fee” from $40 to $20. I still do not understand how this is possible. I`ve clung to an upgrade and I`m pretty upset to lose it. How cheaper is it to pay the full price for a phone spread over two years than to pay in advance? For an iPhone 7, I can pay $199.99 today for a two-year contract or sign up for a payment plan of $27.08 per month and pay a total of $650 over 24 months. I might miss something altogether, but I`ve always seen that abolishing contracts was actually a greedy decision by operators not to subsidize phones. By registering for the Postpay service, you agree to subscribe to a service line either from month to month or for a minimum contractual period as indicated on your receipt or order confirmation. (If your service is suspended without billing or at a reduced billing rate, this time does not count towards the execution of the term of your contract.) As soon as you have completed the duration of your contract, you automatically become a customer of this service line from month to month. If your service line has a contractual term and you cancel that line, or if we terminate it for cause, you will have to pay an early cancellation fee during that period.

If the duration of your contract results from the purchase of an advanced device, your early cancellation fee is $350, which decreases by $10 per month after the completion of 7 to 17 months, $20 per month after the completion of 18 to 22 months, $60 after the end of month 23, and $0 after the end of the contract term. For other contract terms, your early cancellation fee is $175, which decreases by $5 per month after the end of months 7 to 17, $10 per month after the completion of months 18 to 22, $30 after the end of month 23, and $0 after the end of the term of your contract. Cancellations will take effect on the last day of that month`s billing period, and you will be responsible for all charges incurred up to that time. If you purchased your wireless device from an authorized agent or third party, you should also check to see if there are separate cancellation fees. Customers who currently have a two-year contract will need to purchase a phone directly or choose a device payment plan when their contracts expire and they need to update their phones. A device upgrade fee is also required. The country`s largest mobile operator stopped offering two-year contracts to new customers earlier this month. But Verizon clarified last week that if you`re currently under contract, you can renew your two-year contract with Verizon when you upgrade your phone. .