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Verizon Now Requires Edge Customers to Pay Off Phone

May 26, 2015, 2:22 PM by Eric M. Zeman

Verizon Wireless today announced a change to its Edge equipment installment plans. Beginning May 31, Edge customers will need to pay off their device in full before they they can upgrade to a new phone. As always, customers can initiate an Edge payment plan with no money down followed by 24 equal payments to cover the full retail cost of the phone. Customers will be able to upgrade at any time once the device is paid off, and they'll be able to keep the phone. Before this week's change customers were able to upgrade after they paid off just 75% of their old phone, but they had to wait at least 30 days from the time of purchase and had to turn in the old phone. Verizon says customers may donate or recycle their old phone for credit towards a new device if they wish. Edge installment plans are available to Verizon's post- and pre-paid service plans.

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Comments

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This forum is closed.

WiGuy

May 27, 2015, 5:51 AM

No incentive

Now there is no reason to do edge. At first it was so we can upgrade to new phone basically whenever, then they changed it to 75% now its 100% ... may as well do the contract 🙄

DethBatcountry

While I agree with everyone that this move kinds sucks. Many people will still benefit from an Edge agreement. Anyone with a 6GB data plan or higher should still do Edge. 6GB gets you a $25/month discount on your line access which, over the 24 months,...
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The Victor

May 26, 2015, 3:04 PM

Why???

I dont get the point of this, they need to just get rid of italtogether. Theres no point in getting this. The whole point of having this option is to be able to get a phone without being on a 2 year contract and being able to trade it in after a year and upgrade.

First they change it to 75% and now this. I see a lot of people leaving because of this, i know i personally have.

Jellz

It's Verizon; it's all about the $$$

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rwalford79

So...

2-Year Contract, Discount Pricing on Device, $10 more in plan costs per month. Upgrade new device at 22 Months. Pay $300 ETF

2-Year EDGE, No discount pricing on device. $10 less in plan costs per month. Upgrade new device at 24 months.
Pa...
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amarryat