Competition is definitely a good thing. Following the lead of other carriers (and not so much others), Verizon is introducing a new phone upgrade policy. Dubbed "Verizon Edge," this program will allow customers to upgrade their phones more frequently, as long as they meet certain requirements.
Basically a phone payment plan, Edge will enable customers on Share Everything plans to upgrade their basic phone or smartphone, spreading the full retail price over 2 years of monthly payments. Through this program, upgrades every 6 months are possible -- as long as 50 percent of the retail cost has been paid.
The first month's payment will be due at the time of the upgrade. Verizon states that customers will have no finance charges or upgrades fees when using this program. Verizon Edge will be open to eligible customers starting August 25th.
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