Verizon rumored to be raising ETF to combat scammers Boy Genius Report
Are you thinking about jumping on the new Storm2 BOGO deal, selling one on eBay and canceling a line? Well, we already made it pretty clear that doing so really (see math below), but just in case you were thinking of pulling something similar to this in the future, we’re hearing Verizon is stepping it up in the ETF department. The rumor is, that starting November 15, Verizon is going to raise its ETF for high-end phones, such as the Storm2 and Droid, to $350. The ETF would then decrease by $5/mo. We haven’t confirmed it yet, but it certainly makes sense because of how easy it is to rip a carrier off by purchasing a new smartphone on contract, canceling the line, paying the termination fee and selling the phone for twice or three times what you paid. If it pans out, we really can’t blame Verizon for trying to recover the subsidies they’d lose on early contract terminations. Scammers beware!