Does Verizon pay you to switch?

Verizon is a telecom company that operates as one of the foremost wireless internet service providers in the United States. Like any other major carriers like AT&T, T-Mobile, and more, Verizon also has a list of promotions that it runs to be able to shift people from other carriers and gain their loyalty. So does Verizon pay you to switch to their service? Here’s what you should know.

Reimbursements and Bill Credits

Yes, Verizon has promotional offers for its new customers especially if they are porting from another carrier where they are offered credits or even compensations on some of the expenses that are involved in the porting process. Some examples of common promotions include.

• Reimbursement for Early Termination Fees (ETFs): Verizon may also match early termination fees that you may have to pay to another carrier if you switched contracts with it, although this amount is usually capped at $650 per line. To get the reimbursement, you will have to produce evidence of the ETF payment that you made.
• Bill credits: Verizon sometimes provides the customer with a bill credit, ranging between $200 and $400, if you switch and acquire a new device. This credit is used to offset your bill in installments.
• Gift cards: Sometimes the options you can get when you transfer your number to Verizon include a Verizon gift card equivalent to up to $200 or so. The gift card value and requirement will often differ as well.

Therefore, although Verizon will not give you cash to switch, some of the offers they give are as good as $200-650 of incentives.

Eligibility for Switching Promotions

Verizon restricts which new customers are eligible for switching promotions. Keep these requirements in mind.

• Typically, you have to provide your device/phone or a new one from Verizon to meet the requirements. Device payment plans or new lines only.
• Only available with unlimited talk/text/data plans – usually you have to enroll in one of their unlimited plans.
• A candidate cannot be a current or recent Verizon customer. Some regulations prohibit cycling through carriers to access multiple new customer incentives.
• Other conditions might be present about some freebies, like gift certificates or additional services. Read the fine print!

Switching Costs to Consider

Before you switch to Verizon, be sure to calculate all the out-of-pocket costs involved so you know the true cost to switch.

• Contract termination fees
  
• Off the balance for a device payment plan with the previous carrier
  
• The cost of the new Verizon device (unless you are going to be using your device)
  
• Sale tax new device
  
• One-time fee for new line at Verizon

The payoff and termination fees especially are a good example since they can be quite expensive. If you look at the total cost of the, then subtract the maximum reimbursement Verizon offers, you will be able to see the amount you have to spend out-of-pocket.

It should also be able to accommodate temporary service duplication. While porting your number, you may have to pay for both services for a short period.

How to Secure the Best Deal with Verizon?

If you want to take advantage of Verizon switcher deals, here are some tips.

• Bookmark sites like Slickdeals and check them now and then for deals posted by other users. There is always a new Verizon promo or the other. Timing matters.
• Think about purchasing unlocked phones which you can always bring to Verizon rather than leasing new handsets. This saves money long-term.
• To avoid inheriting someone else’s line, open a new Verizon line, and then transfer your number. It enables the best promos, to be made.
• Whenever possible, stack coupons and promotions to better save money.
• It is advisable not to sever the previous service provider to avoid gaps in service provision.
• Make sure to carefully analyze the terms that Verizon has offered before making the switch. Be aware of ALL requirements and charges.

The Bottom Line

Verizon is not going to give you cold hard cash for the switch, but they do provide competitive promotions that can easily lead to several hundred dollars in savings with the company. Read the small print, work out all the associated costs, and switch during one of their better new line promotions for the best Verizon deals. Their network coverage is excellent, therefore with the right savings it can be smart to change.

Upgrade to faster, more reliable AT&T Fiber Internet today! Call us at +1 844-905-5002 and get connected with speeds that keep you ahead.

Related Stories