Latest in Gear

Image credit:

Verizon's upgrade fees are now $10 more expensive

Getting a new handset on your line will cost you $30 instead of $20.
616 Shares
Share
Tweet
Share

Sponsored Links

It's about to get more expensive for Verizon subscribers to upgrade to a new phone. When the carrier added a $20 fee in 2016 to its plans, a leaked memo indicated that the move was to cover "increasing support costs associated with customers switching their devices." Apparently, it's costing Big Red even more money when you get a new handset now, regardless of whether you're paying for it in installments or at one shot. As Ars Technica points out, the new fee went into effect on Jan. 5th, so not many people would have noticed or have had to fork it over yet.

A Verizon spokesperson told Engadget that the price hike is to "help cover increased cost to provide customers with America's largest and fastest 4G LTE network." But the company's most recent earnings reports show that its capital expenditures have actually dropped in the past year, making that explanation seem unlikely.

Last week, Verizon also got rid of two-year contract renewals, meaning those subscribers still on two-year plans can no longer stay on them when their agreements are up. Verizon, along with most of the industry, already eliminated two-year plans and the device subsidies that came with them. As smartphones become more affordable, it looks like maintaining the lines for them on your wireless service providers may be getting more expensive.

Verizon owns Engadget's parent company, Verizon Media. Rest assured, Verizon has no control over our coverage. Engadget remains editorially independent.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
616 Shares
Share
Tweet
Share

Popular on Engadget

Kik Messenger will keep running under a different owner

Kik Messenger will keep running under a different owner

View
Netflix's 'Cowboy Bebop' production pauses after John Cho is injured on-set

Netflix's 'Cowboy Bebop' production pauses after John Cho is injured on-set

View
Nike puts an accessibility twist on its iconic Air Jordan 1

Nike puts an accessibility twist on its iconic Air Jordan 1

View
Harley-Davidson resumes LiveWire electric motorcycle production

Harley-Davidson resumes LiveWire electric motorcycle production

View
Alphabet’s Wing starts drone deliveries to US homes

Alphabet’s Wing starts drone deliveries to US homes

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr