Verizon is getting rid of phone contracts and changing data plans on August 13th

Verizon is said to be making some huge changes to the way it operates. On August 13th they will be changing their data plans and smartphone plans. They will now be offering four data plans and will no longer offer separate single-line or family plan options.

Two-year contracts will also be gone as well as smartphone subsidies. They will be moving to a similar system that T-Mobile uses by letting customers buy a phone outright or allowing them to pay monthly instalments.

With the new plans each smartphone line will cost $20 a month, with tablet and Jetpack hotspot products costing $10 per month. Other devices such as smartwatches will cost $5 a month.

Here is the breakdown:

• Small: $30/month for 1GB of shareable data

• Medium: $45/month for 3GB of shareable data

• Large: $60/month for 6GB of shareable data

• X-Large: $80/month for 12GB of shareable data

Verizon does say on all new plans you can share their data with up to 10 devices.

“New Verizon customers who want to take advantage of the new plan may do so by buying a new smartphone using Verizon’s device payment option, formerly known as Verizon Edge, or by paying the retail price. Current customers can keep their existing plan or move to the new plan, with some restrictions.”

A final change Verizon will be making is having the monthly bill simpler to read so customers can understand their monthly chargers easier.

Source: Verizon
Via: Android Central

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