Whether you agree with the company’s wireless moves or not, T-Mobile has certainly shaken up the U.S. wireless industry. It was the first carrier that started to pay early termination fees to convince consumers to switch carriers. AT&T and Sprint soon followed and, now, even Verizon is offering a similar deal.
Verizon recently kicked off a promotion under which it’s offering $650 to customers who move a line from another wireless carrier. That $650 can be used by customers who decide to activate a new device payment plan with Verizon and who port in an existing wireless phone number. Upon doing so, the customer will receive “up to a $650 prepaid card for installment plan balance less trade-in value (or up to $350 prepaid card for early termination fees less trade-in value.”
That should cover the costs for moving from another carrier, even if you have an installment plan or a device from someone else. If you’re on a two-year contract, the $350 prepaid card is usually enough to cover your early-termination fees, too.
It’s an interesting move for Verizon which has mostly stayed quiet when it comes to T-Mobile’s shakeups. Perhaps the company is starting to get a bit worried about T-Mobile’s moves, or perhaps it’s just now offering a way for customers who ran to T-Mobile to easily come right back to Verizon.