Anyone who is considering purchasing the new Verizon iPhone 6 or 6 Plus this fall or winter will have to deal with the newly updated Verizon ETF Policy. The game is changing for new customers and it becomes more expensive to stop your contract during the first seven months of using the carrier.
ETF stands for Early Termination Fees. Each customers who is locked to Verizon or other U.S. carrier is forced to pay ETF in case he or she decides to stop using the network and wants to end up the contract.
Previously all Verizon iPhone and other device users had to pay $350 ETF in total, but this price was being reduced by $10 each month once the contract began. While Verizon changes customer agreement, new subscribers and users who bought the iPhone 6 locked to Verizon on or after November 14, 2014, will still have to pay the $350 ETF still the price will not drop for the first seven months after the contract begins. The company is going to drop $10 a month between 8th and 18th months of contract, $20 a month between 19th and 23rd months and $50 in the final month of user’s contract term.
What do you think about this new Verizon policy 2014? Are you ok with paying $350 ETF for the contract iPhone 6 Plus / 6 locked to Verizon?
Would you rather purchase the Apple smartphone locked to this U.S. carrier or select another network with other policy?