Verizon confirms 12month Device Payment Plan for phones is launching April 21st

Look: we know many on Verizon aren't happy that the carrier has revealed plans to lengthen its upgrade intervals right as smartphone update season is hitting full stride. However, there may be a consolation prize. As of April 21st, "some devices" in its smartphone range, not just the existing tablets, will qualify for a Device Payment Plan that spreads out the full costs over the course of a year, letting those who crave the latest mobile hardware (presumably, you) upgrade without either having to sign a contract or pay everything up front. Sounds like a very UnCarrier thing to do, doesn't it? Not quite, unfortunately. The carrier tells us that these payments sit on top of existing service plans, not inside them -- the base service rate won't go down in year two. T-Mobile will remain the better bargain for anyone constantly replacing handsets, then, but those on Verizon will at least have a degree of freedom.

*Verizon is currently in the process of acquiring AOL, Engadget's parent company. However, Engadget maintains full editorial control, and Verizon will have to pry it from our cold, dead hands.

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