Hello and welcome to our journal article about switching to Verizon and whether or not they will pay your early termination fee. It’s a question that many people have when considering making the switch to Verizon, and we’re here to provide you with all the information you need to make an informed decision. We’ll cover everything from what early termination fees are to how to switch to Verizon and get your fees paid. So sit back, relax, and let’s dive in!
What are Early Termination Fees?
Before we dive into whether or not Verizon will pay your early termination fee, let’s first cover what early termination fees are. An early termination fee is a fee charged by your current phone carrier when you end your contract before the agreed-upon end date. This fee can be quite high and is meant to discourage customers from leaving their current carrier and switching to a different one.
The amount of an early termination fee can vary depending on the carrier and the terms of your contract. In most cases, you can expect to pay anywhere from $150 to $350 if you end your contract early.
Can You Switch to Verizon and Get Your Early Termination Fee Paid?
The short answer is yes, you can switch to Verizon and get your early termination fee paid in certain situations. Verizon offers to pay your early termination fee if you switch to them and meet certain criteria. Let’s take a closer look at the details.
Verizon’s Early Termination Fee Payment Program
Verizon’s Early Termination Fee Payment Program is designed to help customers switch to Verizon without having to pay their early termination fees. The program applies to customers who switch to Verizon and meet the following conditions:
| Condition | Details |
|---|---|
| Trade-in | You must trade in your old device to Verizon and purchase a new device from them on a device payment plan. The new device must be of equal or greater value than the old device. |
| Port-in | You must port your old phone number over to Verizon and activate it on a new line of service. This means you can’t just add a new line to your existing account – you need to start a completely new account with Verizon. |
| Submit final bill | You must submit your final bill from your previous carrier that shows your early termination fee. Verizon will then send you a prepaid card to cover the early termination fee amount. |
If you meet these conditions, Verizon will pay your early termination fee up to $650 per line. Keep in mind that this offer is only available for a limited time and is subject to change.
Does Verizon Pay Early Termination Fees for Business Accounts?
Yes, Verizon also offers to pay early termination fees for business accounts. The conditions are the same as for personal accounts – you must trade in your old device, port your old phone number over to Verizon, and submit your final bill. However, Verizon will pay up to $1,000 per line for business accounts, which is a higher amount than for personal accounts.
How to Switch to Verizon and Get Your Early Termination Fee Paid
If you’re interested in switching to Verizon and getting your early termination fees paid, here’s how to do it:
- Check if you’re eligible for the Early Termination Fee Payment Program by visiting Verizon’s website or contacting their customer service.
- Trade in your old device and purchase a new device from Verizon on a device payment plan.
- Port your old phone number over to Verizon and activate it on a new line of service.
- Submit your final bill from your previous carrier that shows your early termination fee.
- Wait for Verizon to send you a prepaid card to cover the early termination fee amount.
FAQs
Does Verizon pay early termination fees for all carriers?
No, Verizon only pays early termination fees for select carriers. You’ll need to check if your carrier is eligible for the Early Termination Fee Payment Program.
Can I switch to Verizon and keep my current phone number?
Yes, you can port your current phone number over to Verizon when you switch. Just make sure to follow the steps outlined in the Early Termination Fee Payment Program.
Is Verizon’s Early Termination Fee Payment Program available for business accounts?
Yes, the Early Termination Fee Payment Program is available for both personal and business accounts. However, the maximum amount Verizon will pay for business accounts is higher than for personal accounts.
Is there a deadline for submitting my final bill to Verizon for the Early Termination Fee Payment Program?
Yes, you must submit your final bill within 60 days of activating your new line with Verizon.
Will Verizon pay my early termination fee if I switch to a prepaid plan?
No, Verizon only pays early termination fees for customers who switch to a postpaid plan.
What happens to my old device when I trade it in to Verizon?
Your old device will be evaluated by Verizon and the appraised value will be applied to your new device purchase. If your old device has no appraised value, it will be recycled or disposed of in an environmentally responsible way.
Conclusion
In conclusion, if you’re looking to switch to Verizon and avoid paying an early termination fee, their Early Termination Fee Payment Program can be a great option. Just make sure to follow the conditions outlined above and submit your final bill within 60 days of activating your new line with Verizon. We hope this article has been helpful in answering your questions about Verizon and early termination fees. Good luck with your switch!