Verizon Increase Early Termination Fees

SlashGear have recently pointed out that Verizon Wireless have recently increased the cancellation fees when canceling contracts for“Advanced Devices”.

Chances are these “advanced devices” are high-end smartphones and laptops, Verizon are now looking to charge up to $350 for an early termination, however this decreases by $10 per month completed.

Obviously the reasons are financial, however many believe this has been brought on prematurely due to people taking Verizon up on their buy-one-get-one-free BlackBerry deal, it is thought that some people exploited this deal by terminating the contacts, paying the fees and then selling the handsets at a profit.

To be honest I feel Verizon are well within their rights to charge large amounts for early terminations, at the end of the day an agreement was made which has not been fulfilled, check out SlashGear for more information.

What do you think about the increased termination fees?

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