Verizon To Raise Wireless Cancellation Fees
By Rich Menga on Nov 5, 2009 in Featured, Mobile | comments(8)
Wireless carrier provider giant Verizon has announced that as of November 15, 2009, those who get a one or two-year service agreement and use an "advanced device" will be subject to a whopping $350 ETF (Early Termination Fee) if they cancel early.
"Advanced Device" in plain English: Smartphone. If using a non-Smartphone, you don’t have to worry about this.
The exact verbiage from Verizon is this:
Beginning 11/15/09, customers purchasing an Advanced Device with a 1 or 2 year service agreement will be subject to an ETF of up to $350 if they disconnect service prior to the minimum term. The $350 ETF will decrease $10 for each month of service completed.
If you’re asking, "So what was the previous ETF?" The answer is $175 – which was already a snow job to begin with.
What’s the justification for the ETF increase? Answers vary. Some say it’s Verizon attempting to keep people from buying a high-end smartphone, immediately cancelling service then hocking the phone on eBay for a quick buck. Others believe it’s Verizon’s way of keeping you locked in, because with an ETF so high it costs too much to cancel.
Whatever the reason, the ETF increase just plain sucks.

In a rather bold statement, the CEO of Verizon Communications basically said that the company simply 