Verizon increases early termination fees for some devices

Posted November 7th, 2009 by admin

Product Review

Hot on the heels of the Motorola Droid release, Verizon Wireless is upping its early termination fees (ETF) on “advanced devices” to $350, double the current fee of $175, effective November 15. Earlier this week, BoyGeniusReport.com got hold of some internal documents and posited that Verizon is trying to prevent consumers from reselling devices for a profit. In BGR’s example, you could take advantage of a buy-one-get-one deal on BlackBerry smartphones, pay the $175 fee and sell one of them on eBay for $300.

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By Molly McLaughlin
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