Verizon to charge $30 to upgrade your phone. Let’s get it enough coverage so that they have to overturn this new fee.

Verizon is the only company right now not charging for this. If I recall correctly, AT&T charges $36 and T-Mobile $18.

NEW YORK (CNNMoney) — Thinking of upgrading your phone with Verizon? Better do it fast.

On April 22, Verizon Wireless will institute a $30 upgrade fee for existing customers who purchase new phones with a two-year contract.

The fee would hit any Verizon customer signing up for a new two-year plan and receiving a discounted device. Early upgraders who pay the full price of a new phone would not be impacted.

“This fee will help us continue to provide customers with the level of service and support they have come to expect,” said Brenda Raney, spokeswoman for Verizon Wireless.

Verizon (VZFortune 500) is actually the last national carrier to charge an upgrade fee. T-Mobile charges $18 for upgrades. Sprint (SFortune 500) and AT&T (TFortune 500) recently doubled their fees to $36.

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The announcement comes at a time when carriers’ profit margins are getting squeezed by hefty smartphone subsidies — particularly from Apple’s (AAPLFortune 500) iPhone.


When I cancelled my contract with Verizon last year they put up absolutely no fight.

Me: Hi, I want to cancel my service.

Dude: Okay, any reason?

Me: I found a better one.

Dude: (Hands me a receipt with the date of determination)

Dude: Well good luck with that!

The whole transaction took like 4 minutes.


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