Agreement Charter Contract With Verizon Wireless
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If you do not agree to these terms and conditions, you may not complete the registration process. Clicking on the button marked "Accept" and proceeding to use Verizon Wireless Online Bill Presentment/My Verizon, indicates your acknowledgment that you have read and accepted these terms and conditions.
"Verizon will buy out your contract and cover early termination fees and device or lease buyouts from your old wireless provider," the company said in a blog post. That $650 figure is per line, so Verizon notes that a family of four can receive up to $2,600.
By agreeing to a contract, customers can access a new phone at a lower upfront cost and with no more to pay, although the contract does mean said customers will be tied to Verizon for a two-year minimum.
Verizon has switched from two-year contracts to three-year plans only. The switch applies to smartphones, tablets, smartwatches, and more. Want to upgrade? Then you'll need to pay the balance in full or wait out your contract.
What you can't do, however, is pay more than your set monthly installment so unless you can pay off the entire device, you're locked into the three-year plan. If you've agreed to a 24- or 30-month plan before February 3rd, 2022, Verizon says you won't be affected by this change.