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    More Details on Verizon's Smartphone $350 Early Termination Policy

    read more: #rumor, #verizonearlyterminationfee, #verizon, #verizonwireless, #rumors

    Verizon to Double Early Termination Fee

    Now, you can sign a new contract with Verizon, pick any phone and then ditch the service for $175. But according to a leaked doc, those days are numbered.

    Beginning 11/15, early terminations on contracts with unspecified "advanced device"(s) will be subject to a fee of $350. And while that policy might slow ebay entrepreneurs just looking to make a few easy bucks on a resold Blackberry, it's devastating to the average guy who just wants to ditch his contract early.

    The good news, however, is that fee will drop by $10 every month. But still, that's a $110 termination fee in month 23 of a 2-year contract...which is clearly absurd. [BGR]


    Send an email to Mark Wilson, the author of this post, at mark@gizmodo.com.